An interesting article by Tara O’Connor on the FT Adviser website.

In 2012 I gave evidence to House of Commons and House of Lords inquiries of the causal link – already well-established by then – of the causal link between increasing gender diversity on boards and corporate financial DECLINE. The evidence is here (scroll down), and consists of longitudinal studies, the only possible source of evidence of a causal link. To the best of my knowledge, no mainstream media outlets in the world have ever reported on that causal link.

Helena Morrissey needs no introduction to followers of this website. Our many blog posts on her since we launched in 2012 are here. I doubt that there’s another person in the world who has been so influential in driving “more women on boards” initiaitives over many years, or who has been so closely associated with DEI initiatives in the business world. She’s the chair of The Diversity Project, which proudly declares in large letters on its home page:

“Diversity, Equity and Inclusion is not only a social obligation, it’s a business imperative in the Investment and Savings Industry.”

I shall be emailing Tara O’Connor, inviting her to ask Helena Morrissey whether – after so many years – she has evidence from longitudinal studies of a causal link between increasing gender diversity on corporate boards and enhanced financial performance, and if so, to provide it to us for consideration. I’ll copy the email to the newsdesk at FT Adviser, as well as Professor Alex Edmans, Professor of Finance at London Business School, who will lead the study.

As far as I know, the FT has been silent on the aforementioned causal link for 12+ years. Isn’t it about time they revealed the facts of the matter to their readers?

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