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A controversial new law in California requires publicly traded companies headquartered in the state to include at least one woman on their board of directors. Supporters of those types of laws even contend that gender quotas could boost firm profitability.
However, the literature indicates that gender quotas are unlikely to enhance firm performance. What is also shocking is that research argues that quotas may actually be damaging to the presumed goal of increasing the role of women on corporate boards.
No Help for Corporate Profits
Academy of Management Journal the relationship between female board representation and market performance is nearly zero. Similarly, a later study featured in the journal
A controversial new law in California requires publicly traded companies headquartered in the state to include at least one woman on their board of directors. Supporters of those types of laws even contend that gender quotas could boost firm profitability.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Technip Energies Q1 2021 Financial Results
April 22, 2021 GMT
Regulatory News:
Technip Energies (Paris:TE) (ISIN:NL0014559478) (the “Company”), a leading Engineering & Technology company for the Energy Transition, today announces its first quarter unaudited 2021 financial results.
Arnaud Pieton, CEO of Technip Energies, on Q1 2021 results and outlook:
“The successful creation of Technip Energies took place on February 16, 2021. For the 15,000 people of our new company, this was a proud moment, which has further energized our workforce to deliver on our ambition – to be the reference investment platform for the Energy Transition.”