HBR Study: Another Reason to Include Women on Boards

The Problem: Overconfidence is more prevalent with male CEOs. Overconfidence has been linked to CEOs overestimating returns & underestimating risks.

Key Industries Suffering From CEO Overconfidence: pharmaceuticals, computer software, coal, and construction

The Solution: To increase corporate revenue and lessen the cost of overconfident CEOs, increase the % of women on corporate boards. Women board members provide more diverse perspectives, are less conformist, and are more likely to express their independent views. 

Harvard Business Review | Research: When Women are on Boards, Male CEOs are Less Confident