Avoid Corporate Fraud: Hire Female Executives

Are women more driven by a desire for growth and development, and men more into seeking money and power? Authors of a paper at Wake Forest and UNC Wilmington cite research showing that’s the case, according to an article in The Atlantic. That could explain the findings of the Wake Forest-UNC researchers in their own study, which found that female CFOs were less likely to take the kind of risks that could lead to tax legal problems. Having women on the board helps too, according to the study, although having just one woman in the board room does not decrease the likelihood of corporate fraud. A “critical mass” of female executives is needed, the research suggests.