The research shows that "appointing women to company boards and installing them in C-suites has correlated with positive bottom-line performance," as reported in a 2014 Fast Company article.

Several studies show that the organizations with women on the board have higher revenues.

Yet, a Hermes report shows that only 23 percent of institutional investors think female boardroom representation is important.

The representation of women on corporate boards continues to increase, but the number of women leading boards still remains low globally. Overall, women now hold 12 percent of seats worldwide with only 4 percent chairing boards, according to the fourth edition of the Women in the Boardroom: A Global Perspective, report by Deloitte.

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