Source: The Federalist
- The data on corporate profitability and corporate governance is inconclusive. Some companies saw improvement in both areas but some didn’t. Data shows that the substance of decisions and the quality of decision didn’t improve by simply having more women on boards.
- Some corporations reached for less qualified and less experienced women to meet the quota, which doesn’t help improving corporate performance or governance.
- The quota has benefited a small group of women who are already high achievers and are at the top of corporate hierarchies. It had no discernible beneficial effect on women at lower levels of the corporate hierarchy.