A lifesaving reason to have more women on boards: ensuring consumer safety

https://www.eurekalert.org/pub_releases/2020-03/lu-alr032720.php

News Release 27-Mar-2020
Lehigh University

In a study published online yesterday focused on the medical products industry - which includes medical devices, pharmaceuticals and biologics - a group of researchers found that, compared to firms with all-male boards, firms with female directors announced high-severity product recalls 28 days sooner. This is a 35% reduction in the time between when a firm was first made aware of the defect and when the firm decided to recall the defective product.

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