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:
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: