Our thanks to a number of people for pointing us to an article in today’s Daily Mail. The title is, “Want to boost profits? Hire more women! Large companies with no female executive committee members ‘missed out on £47 billion last year’, research claims.” The research is attributed to “The Pipeline”.
The 38 people presented as being “the team” at The Pipeline – mostly women, a few men – are here. I’ve just sent this public challenge to all 38 people through the only email on the website, email@example.com:
A public challenge to all 38 people associated with your organization
Good afternoon. My attention has been drawn to an article in the Daily Mail today, in which your organization is reported as claiming that hiring more women to corporate boards will increase profits, i.e. you are claiming a causal link. Whether knowingly or otherwise, you are misrepresenting correlation as causation.
The only way to demonstrate a causal link between more women on boards, and a financial impact, would be through longitudinal studies. I know of six longitudinal studies which have demonstrated a causal link between more women on boards and corporate financial decline, and I know of none which have shown a causal link with corporate financial improvement. Can you please supply me with details of the longitudinal studies which form the basis of your claims? Thank you.
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