Sydney, Oct 20 (The Conversation) When we talk about diversity in business, it’s usually in moral or social terms – fairness, inclusion and representation. But our new research suggests diversity also pays off in a very practical way: helping companies make better financial and investment decisions.

Company boards often get the attention in discussions about corporate leadership. Yet much of the real decision-making happens within smaller, specialised board committees – groups of directors responsible for areas such as audit, risk, remuneration and sustainability.

These committees are where many of the big investment and governance decisions are debated and ultimately shaped.

Our study looked at the effect of diversity within these board committees across Australia’s 300 largest listed

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