[Note added 24.2.23: We also recently publicly challenged:
- Hanneke Smits, CEO of BNY Mellon Investment Management and the new Global Chair of The 30% Club, to answer some questions and wind up The 30% Club, details here.
- Paolo Gaudiano, an American Forbes journalist, details here.]
It’s been a while since I’ve posted a piece on another of our initiatives, Campaign for Merit in Business. On behalf of C4MB I’m about to send emails to the four following individuals, click on the links to see the actual documents (they’re fairly similar):
- Baroness Helena Morrissey, founder of the 30% Club
- Ann Cairns, Global Chair, the 30% Club
- Professor Susan Vinnicombe
- Tony Danker, Director General, CBI
The challenges I posed are these:
- Do you have evidence of a causal link between increasing gender diversity on boards and enhanced corporate financial performance? If so, please provide links to it. Evidence from the FTSE100 would be particularly welcome, given the almost seven-fold increase in female representation on FTSE100 boards since 2000.
- Do you accept the findings of the longitudinal studies reporting a causal link between increasing gender diversity on boards and declines in corporate financial performance? If so, do you believe declines in financial performance are a price worth paying for having more women on boards?
I shall also be sending a press release to well over 1,000 journalists around the world with some interest in business matters.
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