An interesting piece by John Lloyd for Quillette. I’ve posted these comments:
One aspect of “woke capitalism” that has never been exposed in the mainstream media is the “women on boards” scam, namely the claim that appointing more women to corporate boards would result in enhanced financial performance. The result of this scam has been a huge increase in the number of women on major corporate boards, the overwhelming majority as non-executive directors.
In 2012 I presented evidence to House of Commons and House of Lords inquiries of the already well-established causal link between increasing gender diversity on boards and corporate financial DECLINE. The evidence is here:
I have often challenged high-profile proponents of “more women on boards” to provide evidence of a causal link with improved financial performance, and they’ve never come up with anything. The most recent challenges, last December, included challenges of Baroness Helena Morrissey, founder of The 30% Club in 2010, Tony Danker, the Director General of the CBI, and Professor Susan Vinnicombe:
CAMPAIGN FOR MERIT IN BUSINESS
If you’d like email notifications of our new blog pieces, please enter your email address in the box near the top of the right-hand column and click ‘Subscribe’.
If everyone who reads this gives us £5.00 – or even better, £5.00 or more, monthly – we could change the world. You can support our work by making a donation here.