McKool Smith Principals, CBS General Counsel Examine Gender Diversity and Corporate Profitability

NEW YORK, Feb. 21, 2020 /PRNewswire/ -- Robin Cohen, head McKool Smith's New York office and chair of the firm's Insurance Recovery practice, and fellow firm principal Ryan Hargrave, partnered with CBS Executive Vice President and General Counsel Laura Franco to author an article for Corporate Counsel magazine on the correlation between gender diversity within executive leadership and overall profitability.

Drawing from decades of data and multiple studies, the authors present evidence that companies led by female executives are more profitable.. Ms. Cohen, Ms. Franco and Ms. Hargrave note in their article "…the most recent data suggests that there's not just a correlation between increased female leadership and greater profitability, but that increased female leadership can actually cause greater profitability."

Despite the available research and data, the authors reiterate that women are still underrepresented in every aspect of organizational leadership. The article offers guidance on how companies can increase female leaders and promote the advancement of women generally, such as how to confront corporate culture barriers, as well as implicit and affinity biases.

"Another tangible benefit of gender-diverse leadership is that, when allowed to influence company culture, it can propagate gender diversity throughout the organization by attracting more female talent and then retaining it," the authors wrote.

The full article is available online on Corporate Counsel and can be accessed here.

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