They bring onboard different options with pros and cons when the firm is taking important decisions. This accentuates the overconfidence and biased beliefs of the male CEOs.

A government-backed group in Singapore is using the name-and-shame approach to boost executive level gender diversity within organizations. According to a report by Bloomberg, after discovering that some 38 of Singapore’s 100 biggest companies had entirely male boards, two years ago the Diversity Action Committee (DAC) began a well-publicized biannual ranking of firms based on gender representation. […]