Facebook Should Probably Be Glad It Got A Woman On Its Board

Facebook Should Probably Be Glad It Got A Woman On Its Board
FILE- In this Friday, Jan. 28, 2011, file photo, Sheryl Sandberg, Chief Operating Officer of the social network service Facebook, speaks during a panel session at the 41st annual meeting of the World Economic Forum, WEF, in Davos, Switzerland. Facebook announced Monday, June 25, 2012, it has named its No. 2 executive, Chief Operating Officer Sheryl Sandberg, to its board of directors. Sandberg, who joined Facebook from Google in 2008, is the first woman on Facebook's board of directors. (AP Photo/Keystone, Laurent Gillieron, File)
FILE- In this Friday, Jan. 28, 2011, file photo, Sheryl Sandberg, Chief Operating Officer of the social network service Facebook, speaks during a panel session at the 41st annual meeting of the World Economic Forum, WEF, in Davos, Switzerland. Facebook announced Monday, June 25, 2012, it has named its No. 2 executive, Chief Operating Officer Sheryl Sandberg, to its board of directors. Sandberg, who joined Facebook from Google in 2008, is the first woman on Facebook's board of directors. (AP Photo/Keystone, Laurent Gillieron, File)

The number of women in boardrooms has increased since the end of 2005 as countries such as Norway instituted quotas and companies including Facebook Inc. (FB) added female directors after drawing criticism for a lack of gender diversity. The research, which includes data from 2,360 companies, shows a greater correlation between stock performance and the presence of women on the board after the financial crisis started four years ago.

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