---
title: "Higher-Rated Companies Have More Women at the Top, Says Moody’s"
description: "Companies that have more women at board level tend to have higher credit worthiness, according to new findings by Moody’s Investors Service."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Business Maverick"
author: "Bloomberg"
author_url: "https://www.dailymaverick.co.za/author/bloomberg/"
canonical_url: "https://www.dailymaverick.co.za/article/2023-03-02-higher-rated-companies-have-more-women-at-the-top-says-moodys/"
published: "2023-03-02T18:10:22"
updated: "2023-03-02T18:11:31"
lang: "en-ZA"
word_count: 163
---

# Higher-Rated Companies Have More Women at the Top, Says Moody’s

> Companies that have more women at board level tend to have higher credit worthiness, according to new findings by Moody’s Investors Service.

By Bloomberg · Published 2 March 2023, 20:10 SAST · Updated 2 March 2023, 20:11 SAST

## Key points
- Moody's has released a global gender report which suggests that more gender-balanced leadership leads to better corporate governance and higher credit ratings. Representation of women in the highest level of companies varies drastically across the world, from 33% in Europe to 18% in the Middle East and Africa. Government mandates, pressure from large investors and disclosure requirements have helped spur progress in some areas. The European Union recently approved rules which require at least 40% of non-executive director posts be held by women at large listed companies by 2026.
- Moody's report shows a correlation between gender-balanced leadership and better corporate governance.
- Women make up 44% of the boards of the highest-rated companies in North America, compared to 15% for those rated Caa.
- Representation of women at the highest level of companies varies hugely across the world.
- Government mandates, pressure from large institutional investors and disclosure requirements have been key in areas with most progress.

## Content

Having more gender-balanced leadership typically leads to better corporate governance, which in turn supports credit quality, the ratings agency said in a global gender report published on Wednesday. The correlation however varies between different regions, Moody’s said.In North America, for example, where the link is strongest, women made up 44% of the the boards of the highest-rated companies, compared with 15% for those which are rated Caa. But the representation of women at the highest level of companies varies hugely across the world, ranging from an average of 33% in Europe to 18% in the Middle East and Africa.

Government mandates, pressure from large institutional investors and disclosure requirements have been key in areas with most progress, the report said. The European Union, for instance, pushed to improve gender equality at the top of businesses, with the European Parliament last year approving rules which mean at least 40% of non-executive director posts must be held by women at large, listed companies by 2026.