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Report suggests firms with more female executives have higher profit margins

The Pipeline, a collaboration of Diversity and Inclusion specialists, has published a report on the current state of gender diversity in the workplace and how it can be improved.  According to the report, entitled Women Count 2020, London-listed companies with more than one in three women at executive level reach 15.2% net profit level on average in comparison with the profit levels of companies with no women at executive level, which reach 1.5% net profit level on average.  Also, it was revealed that firms led by a woman are more likely to have a higher proportion of women in executive positions.  However, in 2020, there were only 13 female CEOs in the FTSE 350.