Companies that hold out too long on adding their first female board member are more likely to pick one who’s already a director elsewhere, meaning she’ll have less time to devote to the firm, a Bloomberg Intelligence study found. Lone female directors served on an average of about 1.4 boards, the busiest of all classes of directors, according to the research released Tuesday by Bloomberg Intelligence analyst Rob Du Boff, who described the phenomenon as “ovHERboardedness.” For women on boards in the S&P 500 or Stoxx 600 with two or more female directors, there was little ...

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