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Norwegian Law for 40% Gender Quota on Boards, 'led to younger and less experienced boards, increases in leverage and acquisitions, and deterioration in operating performance.'

sublimeapple

May 16, 2016
93 upvotes
/r/MensRights
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1364470
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Title Norwegian Law for 40% Gender Quota on Boards, 'led to younger and less experienced boards, increases in leverage and acquisitions, and deterioration in operating performance.'
Author

sublimeapple

Upvotes 93
Comments 20
Date May 16, 2016 7:17 PM UTC
(10 years ago)
Subreddit Posted in /r/MensRights
Original Link https://old.reddit.com/r/MensRights/comments/4jmrrp/norwegian_law_for_40_gender_quota_on_boards_led/
Archive Link https://theredarchive.com/r/MensRights/norwegian-law-for-40-gender-quota-on-boards-led-to.949445
https://theredarchive.com/post/949445
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Comments

[–]scanspeak 18 points19 points20 points 10 years ago (2 children) | Copy Link

As an stockmarket investor, if I see any company that in which I'm invested taking on unqualified women board members, I sell my shares. Company performance can only be severely decreased by non-merit based hiring practices.

[–]Machnow 6 points7 points8 points 10 years ago (1 child) | Copy Link

similiar thing in Ontario, Canada for some time now, it's not law...but a voluntary law of sorts called "comply or explain'

http://www.theglobeandmail.com/opinion/editorials/comply-or-explain-a-smart-way-to-get-more-women-on-boards/article12185610/

it's in other countries as well....

Comply or explain is a regulatory approach used in the United Kingdom, Germany, the Netherlands and other countries in the field of corporate governance and financial supervision.

it's entirely toxic to the work environment.......

[–]yummyluckycharms 0 points1 point2 points 10 years ago (0 children) | Copy Link

The thing for canada is that most companies operate in a monopolistic environment - and even if they do screw up - they run to the government for bail outs (ex. bombardier now - and the canadian banks getting a bailout during the financial crisis)

so its very hard for them to lose money

[–]ABC_Florida 12 points13 points14 points 10 years ago (1 child) | Copy Link

During the last century, some countries made quotas for Jews. Those quotas mirrored their percentage in society. So say, Poland had 10% Jewish population, so it limited their participation in higher education to 10%. Somehow we consider those part of our history antisemitism, thus discrimination. But nowadays intervening in nature is totally fine.

[–][deleted] 4 points5 points6 points 10 years ago (0 children) | Copy Link

Richard Feynman was turned away from Columbia University because of their Jewish quota.

[–]aaaaajk 8 points9 points10 points 10 years ago (2 children) | Copy Link

I wouldn't be surprised if this law solidified a perception among board members that women in general are less capable then men.

We have the same problem with affirmative action in Ivy League schools here.

[+][deleted] 10 years ago (1 child) | Copy Link

[permanently deleted]

[–]mojo_juju 2 points3 points4 points 10 years ago (0 children) | Copy Link

ROCE

What is 'Return On Capital Employed (ROCE)'

Return on capital employed (ROCE) is a financial ratio that measures a company's profitability and the efficiency with which its capital is employed. ROCE is calculated as:

ROCE = Earnings Before Interest and Tax (EBIT) / Capital Employed

“Capital Employed” as shown in the denominator is the sum of shareholders' equity and debt liabilities; it can be simplified as (Total Assets – Current Liabilities)

[–]Clockw0rk 9 points10 points11 points 10 years ago (4 children) | Copy Link

You mean institutional bigotry doesn't improve things?

Merit is important?!

But this goes against all of this social justice stuff that the kids seem to love...!

[+][deleted] 10 years ago (3 children) | Copy Link

[permanently deleted]

[–]Clockw0rk 1 point2 points3 points 10 years ago (2 children) | Copy Link

Chancellor is a badass title.

Lord Chancellor is at least twice as badass.

[+][deleted] 10 years ago (1 child) | Copy Link

[permanently deleted]

[–]Spicy_Shart 2 points3 points4 points 10 years ago (0 children) | Copy Link

Man, I want a career like that.

[–]Mik3ze 3 points4 points5 points 10 years ago (0 children) | Copy Link

Any time you create a quota for a non-merit based criteria it's going to result in worse performance. This is just basic common sense. Norway just decided that they don't care about their economy as much as "gender equality."

[–]Mens-Advocate 2 points3 points4 points 10 years ago (0 children) | Copy Link

Thank you.

[–]Lardzor -3 points-2 points-1 points 10 years ago (4 children) | Copy Link

Norwegian Law for 40% Gender Quota on Boards, 'led to younger and less experienced boards

Well men don't live as long as women, that's just the way it is.

[–]elwahrio 2 points3 points4 points 10 years ago (3 children) | Copy Link

The average age of death being lower for men and men not living as long as women are two different things, so no, it's not "just the way it is".

The sex ratio in Australia, for example, goes from 1.07 at birth to 0.97 by age 18. The ratio changes because far fewer boys survive to 18 compared to women. So obviously this will pull down the average age dramatically.

It's not as though men reach 70 and drop dead while women reach 72 and drop dead, the difference in life expectancy is a result of higher mortality for men in all age groups.

[–]Lardzor -1 points0 points1 point 10 years ago* (2 children) | Copy Link

the difference in life expectancy is a result of higher mortality for men in all age groups.

Excellent point. It doesn't really matter why men don't live as long.

Sure, young men are great at getting themselves killed, but what about old men. An 80 year old woman still has a better chance at living another 5 years than an 80 year old man. There may be some miracle advance in the future to even the odds, but for now,

"That's just the way it is".

EDIT: Yes I'm saying on average women live longer. Of course some men live longer than some women. I would say humans live longer than dogs, even though some dogs live longer than some humans.

[–]mojo_juju 2 points3 points4 points 10 years ago (0 children) | Copy Link

That's just the way it is

FTFY

[–][deleted] 0 points1 point2 points 10 years ago (0 children) | Copy Link

Doesn't help that men's health funding is much lower.

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