New data shows e.l.f. Beauty, A&T Link Board Diversity to Higher ROE

On October 2, 2025, North Carolina Agricultural and Technical State University released a compelling study exploring the correlation between board gender diversity and return on equity. The research, conducted in collaboration with e.l.f. Beauty, demonstrates that companies with greater gender diversity on their boards report significantly higher equity returns. This groundbreaking study highlights the advantages of varied leadership in boosting company performance and investor confidence. By emphasizing diversity as a driver of financial success, the findings urge companies to reconsider their board compositions. The university’s involvement showcases its commitment to promoting critical societal issues and advancing business practices. Overall, this research serves as a pivotal step in acknowledging the substantial role gender diversity plays in enhancing a company’s profitability and sustainability.

North Carolina Agricultural and Technical State University

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