An appalling piece in HuffPo, concerning a meeting of the Women & Equalities Committee. The ‘experts’ are, predictably, feminists – in this case, feminists we contacted with evidence that increasing the proportion of women on corporate boards leads to financial decline, and refused to engage with it. The piece ends with this:
Denise Wilson OBE, the review’s chief executive officer, said women faced a “higher bar” when competing for top positions. [J4MB: An absurd claim. The government has been threatening major companies with legislated gender quotas since the Davies Report, which led to a doubling of female representation on FTSE100 boards from 12.5 % in 2011 to 25% in 2015. Virtually all the women appointed over the period were appointed as non-executive directors, a cushy well-paid number.]
[Maria] Miller, a former women and equalities minister, said the assertion was shocking and that more drastic action needed to be taken.
“Imagine if we said women faced a higher bar to get into university, or to become doctors,” she added. [J4MB: 60% of students are female, and 70% of medical students. Is it concluded by Manatee Miller that men face a higher bar? Of course not.]
“While these reviews show that progress has been made, it is clearly not fast enough. We run real risk of missing the 33% target by 2020 and both businesses and government should take responsibility.
“Too many companies are risking their performance by failing to ensure gender diversity on their boards [J4MB: We repeat – increasing gender diversity leads to corporate financial DECLINE] and among their executive managers.
“We will be looking at the findings of the reviews, considering the current figures and asking what more needs to be done to make sure the most senior positions in companies are as often held by women as by men.” [J4MB emphasis. You heard it here first, folks. The chair of the Women & Equalities Committee is seeking gender equity in senior positions in the private sector, regardless of merit, and regardless of the evidence that increasing more women on corporate boards leads to financial decline.]