By , J4MB: Followers of this website will need no reminding that Campaign for Merit in Business has been explaining since 2012 that strong evidence exists – here – demonstrating a causal link between increasing gender diversity on boards, and corporate financial DECLINE. While proponents of ‘more women on boards’ continue to misrepresent correlation (between increasing gender diversity on boards, and corporate financial improvement) as causation, any 16-year-old studying Mathematics at GCSE level should be aware that correlation isn’t the same as causation, and doesn’t even imply it.
Professor Susan Vinnicombe of Cranfield University has been for many years the world’s leading academic proponent for ‘more women on boards’. In 2012 she admitted to a House of Lords inquiry that she knew of no evidence of a causal link between increasing gender diversity on boards, and improved corporate financial performance – here.
Our thanks to James for alerting us to an article about a Chinese investor based in Beijing, Luo Mingxiong. The start of the piece:
After days in the spotlight for saying female CEOs are bad for business, Luo Mingxiong, a Chinese investor in Beijing, does not regret what he said.
“If I could have had a chance to say it again, I would still list this as my investment principle,” said Luo.
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Professor Susan Vinnicombe of Cranfield University has been for many years the world’s leading academic proponent for ‘more women on boards’. In 2012 she admitted to a House of Lords inquiry that she knew of no evidence of a causal link between increasing gender diversity on boards, and improved corporate financial performance – here.Our thanks to James for alerting us to an article about a Chinese investor based in Beijing, Luo Mingxiong. The start of the piece:
After days in the spotlight for saying female CEOs are bad for business, Luo Mingxiong, a Chinese investor in Beijing, does not regret what he said.
“If I could have had a chance to say it again, I would still list this as my investment principle,” said Luo.
He was referring to his statement at a public presentation in Beijing this month that “we usually don’t invest in female chief executive officers”.Embedded in the article is a link to an article by a female journalist, Enoch Yiu, and published in 2016 in the South China Morning Post. It’s titled, Female CEOs, board members improve company returns, says Credit Suisse study. She is misrepresenting correlation as causation. The 52-page-long 2016 Credit Suisse study is here. The bottom line? At no point does the report claim a causal link between increased gender diversity on boards, and improved corporate financial performance.
Luo, the founder of Beijing venture capital firm Jingbei Investment, sparked a public outcry in China as he listed female CEOs in his 10 no-investment principles, suggesting that in the corporate world, they are as negative an attribute as dishonesty or an inability to learn.
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At least anti-feminist Margaret Thatcher was the daughter of a merchant and I'm sure that accounts to a large extent for her attempts to influence improvement to the UK's economic affairs at the time, but when it comes to our confirmed feminist 'Pry Minister' May I'm not sure what qualifies her to captain our nation. She's about as bad for business as it's possible to be, levelling accusations and carrying on outside the mechanisms of [international] law as she has, levelling accusations without a stitch of evidence as run of the mill entitled feminist females tend to and refusing to cooperate to get to the actual no doubt inconvenient truth, against a nuclear power no less, a nuclear power that could wipe the UK [us] off the face of the earth in minutes. Bad for business, the current female lunatic running the UK is endangering our very lives.
ReplyDeleteLuo Mingxiong says. “They are as negative an attribute as 'dishonesty' or 'an inability to learn'.” Yes, that just about sums up Theresa May.