17 April 2014
Material diversity in the boardroom is not always synonymous with a well-performing board.
Almost every day there are reports in the media about progress in increasing the number of women on corporate boards. The accepted wisdom now seems to be that every board should include at least one female director but ideally more: ‘one is a token, two is a presence, three is a voice’ is the catchy mantra. The only debatable issue is how this can be best achieved: by voluntary or mandatory quotas.
Evidence cited for or against the use of quotas draws on a very limited range of academic...