Another day, another woman falsely claiming that appointing more women to corporate boards will improve profitability. Her article was published by BusinessWorld today.
I registered with the publication then posted some comments, which haven’t yet appeared. I assume comments go automatically to moderators, and they won’t publish my comments. So here they are:
Complete nonsense. Corellation is not evidence of causation. In 2012 I presented to a House of Commons inquiry some of the then already copious literature showing a causal link between increasing gender diversity on boards and corporate financial DECLINE:
I know of no studies showing a causal link with financial performance improvement. I’ve challenged many leading proponents of ‘more women on boards’ to show me studies indicating the causal link they claim, and not one has risen to the challenge.
The reason for the correlation is probably that more profitable companies are more inclined (and able) to engage in social engineering exercises such as putting more women on their boards. When a beautiful young woman marries a much older rich man, we don’t claim that beautiful women make men rich, do we?
Mike Buchanan
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