Posted on 02/15/2021 6:26:33 AM PST by Oldeconomybuyer
OSLO - Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, wants the companies it invests in globally to boost the number of women on their boards and to consider setting targets if fewer than 30% of their directors are female, top fund officials told Reuters.
Boards where either gender has less than 30% representation should consider setting targets for gender diversity and report on progress, the fund said in a position paper shared with Reuters ahead of its publication later on Monday.
“We may phrase it politely, but it is pretty clear what we think,” Chief Executive Nicolai Tangen said in an interview.
“Diversity is good for the board because it brings better perspective, it is better for decision-making and increasingly important for the legitimacy of companies,” said Smith Ihenacho.
“It (a lack of female representation) could also be a red flag, that a company does not have a good process to recruit the best director.”
In 2003 Norway became the first country in the world to impose a gender quota, requiring nearly 500 firms, including 175 firms listed on the Oslo bourse, to raise the proportion of women on their boards to 40%.
(Excerpt) Read more at reuters.com ...
Men on boards should just declare they are women.
Problem solved.
Just have some of the board members identify as “female.” By today’s standards sexual identity cannot be questioned.
“Diversity is good for the board because it brings better perspective, it is better for decision-making...”
Pure speculation.
What for? Japan tells us they talk too much in meetings. :)
It’s pretty much an established fact that companies with female board members lessen risk-taking. So if you had a new product that had some issues in the development stage...female board members would pursue delaying production of the product until it was ‘ready’.
And that they are ‘trans-racial’. Two check boxes in one.
We aren’t far from the same requirements ourselves here - and it is a blatant admission that half a century of affirmative action has failed miserably on gender lines (we’ve already codified that it failed on ethnic lines).
As I’ve posted ad nauseam on related threads, these policies indicate the governments that want us to treat all people as equals is officially stating they are NOT.
Imagine being the tokens inserted into those slots? I’ve seen how it works out with ethnic tokens (it doesn’t); you end up having to pay the diversity tax of a wasted salary/benefits package in addition to a real worker actually performing the tasks competently. The tokens accept this but it crushes them inside; they laugh all the way to the bank but shuffle with their eyes to the floor in the office, not understanding the big words used by their alleged “peers”...
Chicks with di##s
Just my experiences, but I’ve worked for giant corporations and on occasion sat in on top level meetings. I am a women and noticed how the other women, some in very powerful positions, acted in meetings. The brightest women spoke forcefully when they had meaningful input. The affirmative action womYn spoke too often, too loudly, interrupted others, contributed very little and made people uncomfortable. The really quiet females, I thought were probably the smartest, but had poor skills in public speaking and were cowed into silence. Men and women are different. Men seem to be cut out of the same cloth at the top levels.
Women on boards?
Surf’s up in Norway!
Qualifications be damned
How insulting to women to say they can only obtain that position through a government quotas system.
Now for the problem: there are damn few women who choose to work to excel in the position. For some large fraction of women, their goal is not to aggressively climb the corporate ladder. By choice. Not true for all, but enough that the "bench" is not very full.
I prefer for job positions to be filled by merit, not by quotas.
If you want more women on the Boards of Directors, you need to encourage women to do the work to earn the positions.
Sorry, Olde, that’s not the type of women they want anywhere near power.
“What for? Japan tells us they talk too much in meetings.”
Yea, and I hope that guy apologizes for listening to the Leftists and leaving their Olympic Committee. No one should be punished for telling the truth, even if it’s painful to some portion of society (you know, the ones who never stop complaining).
Goes to show, Affirmative Action isn’t only about skin color.
Wonder how those ladies feel about being put in place as tokens? It has to be present in their minds.
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