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Companies with more diverse boards outperform rivals through Covid-19 crisis

Those championing diversity still took a hit, but it was less severe than the impact on rivals

The share prices of FTSE250 firms with more gender-diverse boards have fared better than others during the coronavirus pandemic, according to a new report by New Street Group, the consultancy.

Shares in the top 25 FTSE250 companies by board diversity suffered a 24% decline in their shares between 2 January and 4 June 2020, compared with a 29% decline in the closest comparable portfolio of FTSE250 firms with less diverse boards.

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