More nonsense from the blithering idiots at the WEF. An extract:
“Gender equality and organizational performance are not competing priorities, they reinforce each other. The most recent McKinsey’s Diversity Matters’ research shows that companies with more diverse executive teams are 39% more likely to financially outperform their peers.”
You are encouraged to believe that financial outperformance is the RESULT of ‘more diverse executive teams’ i.e. there’s a causal link, but a more likely explanation is that higher-performing companies are more able and willing to indulge in social engineering / DEI programmes such as ‘more diverse executive teams’.
I note that the latest McKinsey report claims improved organizational performance from racial diversity as well as from gender diversity. It surely reaps considerable income from clients for its work with them in these areas; greater gender diversity on boards will surely increase McKinsey’s income even more as the women appointed to boards will be less experienced than the best men available, needing more support from consultancies such as McKinsey.
McKinsey have been banging the drum for greater gender diversity on boards for over a decade, but every McKinsey report I’ve ever read has stated that it is reporting correlation, not causation, while simultaneously claiming the ‘need’ for more gender diversity. It’s normally buried so deeply within their lengthy reports that you could be forgiven for missing it. It’s got to the point I can’t be bothered to look for the statement in their latest report.
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Justice for Men & Boys 