Kulturkampf

[benji]

https://www.afr.com/work-and-careers/leaders/female-directors-add-no-financial-value-study-20240505-p5fp0d

If board positions have no impact on firm financial performance, and these are controlled by ‘old boy networks’ then breaking them up with targets and quotas could also be welfare-enhancing, the authors conclude.

Well, no. Because networks have welfare values. Only if you assume that the "old boy networks" have no value can you come to this conclusion. Breaking those up may have value and may be better than not but breaking up any networks have costs. It would depend entirely on the company. If I rephrased "old boy networks" as "industry veterans and experts" your thinking about the importance of changing the board for people not in that network will differ.

In fact, the only reason anyone would need this study is if they assumed females have inherent value just in being females. Which is sexist. Nice going telling on yourselves dummies.