Our thanks to James for bringing this news to our attention.
Legal and General Investment Management (LGIM) have launched the first investment fund aimed at increasing gender diversity in the workforce.
The Future World Gender in Leadership UK Index Fund (GIRL) will favour shares in firms that have the best record on gender diversity, ranking companies on various measures – such as how many women they have in the boardroom.
This attempt to coerce companies into making employment decisions based on gender (sic) rather than merit has the potential not only to disadvantage individuals (of the ‘wrong’ gender) but also to impair the functioning of the businesses rejecting meritocracy and therefore the economy and the functioning of society.
Read more: here.
