Posted on 03/09/2019 7:03:23 AM PST by reaganaut1
In the United States, women are still heavily under-represented in corporate leadership positions. Over the past 14 years, the percentage of female directors at the largest U.S. companies has increased by a meager 0.5% per year, and amounted to 26.3% in 2018, according to the most recent report of Corporate Women Directors International. If this growth rate remains unchanged, it will take nearly half a century to achieve gender parity at U.S. corporate boards.
In other countries with similar gender disparities in corporate leadership, legislators have responded by adopting mandatory board quotas. The first country to act was Norway, which introduced a quota of 40% female representation in 2003. Belgium, France, Germany, Iceland, India, Israel, Italy, and Spain have now all established similar quotas.
When California’s Governor Jerry Brown signed Senate Bill 826 into law on Sept. 30, 2018, California became the first U.S. state to adopt a mandatory gender quota. This law requires that all national and foreign companies headquartered in California have at least one female director on their board by the end of 2019. By the end of 2021, two female directors must be appointed to boards with five members; three female directors will be required to sit on boards of six or more members. The statute is non-criminal, but penalties include a payment of $100,000 for the first violation, and $300,000 for each subsequent violation.
Are gender quotas an efficient way to help women break the glass ceiling? In research I conducted with my colleagues Felix von Meyerinck, Markus Schmid, and Steven Davidoff Solomon, we found that already by the end of December 2018 California firms had increased the fraction of women directors by 0.5 percentage points more than firms located in other states.
(Excerpt) Read more at barrons.com ...
Once you give the government that authority, it will never stop.
If you must have X% women, next up are Y% ethnic minorities, Z% worker reps/union members, and at least one community stakeholder that is paid and politically connected.
More discrimination against white males. It looks like the only way to avoid discrimination is to march in the streets and burn down buildings. Then there’s the head-chopping muzz, they get their way, too. Until white men figure out where they left their balls it will only get worse.
Any corporation, foreign or domestic, with any amount of collective gray matter, will not set up headquarters in California. If one has an existing headquarters in the state, to not move it to another state would be in direct conflict to the best interests of the shareholders.
Saw that happen to Sears in the late 70's, 80's.
Carly Fiorina did a great job at HP...
Just wait till I get my proxy!
Just get the board together and draw straws to see who identifies as what for that fiscal year.
Easy peasy.
When one hires for diversity instead of ability and talent, one gets the MSM, the Networks, lib arts departments in universities, and politicians.
And look at the results.
The quotas are illegal. End of discussion.
You don't just wake up one morning as CEO. You get there by working 14-hour days and playing Machiavellian office politics to crush your competition. Not everyone is cut out for this, or even desires to take this roadpath.
Well, now that we have decided to recognize “transgendered” peoples, and that recognition is based on how someone identifies, not based on anatomy or chromosomal makeup, what’s to stop a male from identifying as a female while serving on the board? Who would challenge such identification or designation?
This sort of thing has been discussed for years.
For example, we hear that roughly half of law school graduates are women, but only a small percentage of partners in law firms are women, and why is that?
The radical types say that women are being discriminated against.
Ditto with major corporations. Women are getting MBAs in record numbers, yet only a small percentage of Fortune 500 executives are women. The radical types say women are being discriminated against.
The radical types will never be happy because there will always be something for them to complain about.
any mandated quotas for Corporate Boards or any other group or organizations are bad for America, and that’s a fact!!!
There is this angst over discrimination, etc. in corporations.
Yet, over 70% of NBA players are black, and that’s ok. Why is that ok in a country of about 12-13% of the population being black?
Anecdotal evidence is that for some teams in college basketball, their starting five players are all black. And some of these represent state universities in states with overwhelming white populations.
In the case of basketball, nobody asks for quotas. There is a feeling that the best players get on these teams, and the best players get to play.
Why doesn’t the same logic, that the best business people should be on corporate boards or be executives — why doesn’t that same logic apply elsewhere, when the world of sports has adopted the logic of best players will be playing?
When I first started at my company in the engineering field back in 1970 it was 99.9% male dominated. It was also a$$holes and elbows as far as work was concerned. By the time I retired an few years ago we were getting close to 50-50 and females dominated HR. We had to take all these touchy-feely classes and the work environment was laid back to the point where productivity would have been half of what it was in 1970 if not for technological advances.
It's worse that that. Over 70% of NBA players are black MEN, about 6% of the population. There are NO women in the NBA.
Talk about discrimination!
And when you consider age discrimination. . .
I think women are much better followers than they are leaders.
What was that old word again? Oh, yeah.
Merit.
That way the best person gets the job and does the best job.
Not 11% trans, 10% LGBT self designated as feeling lesbian, a limit of 20% allowed for male top of his class with high IQ and experience level,and so on.
That plan probably worked for Montgomery Ward ,Borders Books,Radio Shack and Payless Shoes. Top in heir fields for earnings today. Oh, wait, I guess that didn’t work.
In all my years I have met only a handful of competent women at anything. They do little work, produce next to nothing, but stay busy with inter-personal politics.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.