A new study from Insead Business School, looking at data from 14 years-worth of data taken from 1,644 U.S public companies found that businesses that appointed a woman to its board immediately suffered a two-year decline in their market value.

The study was conducted between 1998 and 2011 and lead by two female researchers Isabelle Solal and Kaisa Snellman, who are organisational behavioural experts.

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