The annual Women Count 2021 report conducted by Pipeline shows that companies with women making up at least half of the executive committee secured a profit margin of 21.2%, while FTSE 350 companies without female executives endured on average a decline in profits of 17.5%.

Even during the pandemic, the previous trend for companies with greater numbers of women on their executive committees to achieve higher profit margins has continued as it was found that businesses without any women on their executive committee suffered big losses.