Helena Morrissey, founder of the 30 per cent club, today appeared before the House of Lords select committee investigating ‘Women on Boards’. The following is a link to the video, the first hour of which is devoted to Mrs Morrissey. Enjoy:
When the minutes are published – later this week – we’ll post them along with a detailed critique of what Mrs Morrissey had to say. One of her more interesting statements in the meeting was the following:
‘I haven’t seen any evidence that suggests having more women on boards undermines shareholder value.’
Why is this interesting? Only last Wednesday I emailed Mrs Morrissey the following invitation to the IEA event, and this wasn’t the first time she’d been made aware of our arguments. The invitation included precisely the evidence which Mrs Morrissey claimed in today’s meeting not to have seen. Ironically, she referred to the study in question later in her testimony to the House of Lords today. It’s the Ahern & Dittmar (University of Michigan) study on the negative impact of gender quotas on Norwegian companies.
My invitation to Mrs Morrissey:
120718 invitation emailed to Helena Morrissey
My IEA blog cited both the University of Michigan study and another showing the negative impact of ‘improving’ gender diversity on boards, reported by Deutsche Bundesbank:
The original link to the Deutsche Bundesbank discussion paper (which covers among other issues the negative impact of increasing the number of women on corporate boards) is no longer ‘live’, but the following link is still operational:
Please let me know if this link fails at any point. Thank you.
Since I launched The Campaign for Merit in Business a month ago I’m being increasingly asked by senior business people and journalists to present my core arguments against quotas and other positive discrimination measures to ‘improve’ the number of women in boardrooms. The arguments now include the evidence of two studies (University of Michigan and Deutsche Bundesbank) which show that increasing the number of women on boards adversely impacts on corporate performance. In addition I’ve been supplying people with a chapter (link below) from my 2011 book The Glass Ceiling Delusion: the real reasons more women don’t reach senior positions and thought I should make it freely available to visitors to this blog. The book’s available from all the usual retailers and from myself – I can sign and dedicate it if you wish, and post it to any address worldwide – if ordered through my publishing website www.lpspublishing.co.uk. The chapter:
Gender balance in the boardroom – a sample chapter from ‘The Glass Ceiling Delusion’