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Brickbats

Brickbat: Hard Numbers

Charles Oliver | 9.19.2016 4:00 AM

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Dmitriy Shironosov / Dreamstime.com

Swedish lawmakers are considering a bill that would require corporations to have at least 40 percent women on their boards of directors. Companies failing to meet the quotas would face fines of up to $590,000.

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Charles Oliver is a contributing editor at Reason.

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  1. Scarecrow & WoodChipper Repair   9 years ago

    Don't some countries already have such requirements? Norway and/or Finland come to mind, but I am only up right now for otehr temporary reasons, and don't feel like engaging in some google fisticuffs to research it, or even RTFA.

    1. Libertarian   9 years ago

      "I am only up right now for otehr temporary reasons,"

      This is the best euphemism we'll see all day, hands down!

      1. Crackers Boy   9 years ago

        Hands down...

        It's euphemisms all the way...down.

        CB

      2. Scarecrow & WoodChipper Repair   9 years ago

        Well I'll be!

  2. Ryan Frank   9 years ago

    The EU has a 'target' of 40 percent women on boards by 2020, but the article doesn't make clear if there are any penalties defined for failing to make that goal right now.

    Just doing some quick googling on the size of boards - looks like many companies view 7 as an ideal number, meaning you need at least 3 women to hit 40%. If you assume all qualifications are equal between men and women (and thus sex is basically a random attribute of board members) you'd expect about a quarter of all companies to be in violation of this rule with no discrimination at all.

  3. Nebelwerfer   9 years ago

    Sweden yes!

    1. Radioactive   9 years ago

      only one problem, how to tell the boys from the girls...no one in Sweden has any balls!

  4. Fist of Etiquette   9 years ago

    He said that giving women more power at the corporate apex was also a sound business strategy.

    Thus the law requiring it.

    1. BigT   9 years ago

      Maybe the real goal is to protect more women from the rapists. Ever hear of a Board member getting raped?

      1. Mainer2   9 years ago

        raped by the SEC ?

  5. JayU   9 years ago

    Dear Sweden,

    Perhaps you should do something about all the rapes first.

    Sincerely,

    JayU

    P.S. Let me know if you ever actually pass this law. That way I'll know to never come visit.

  6. BigT   9 years ago

    $590,000 fine is certainly less than the settlement from the sexual harassment lawsuits that can be avoided by not having disruptive women on the Board.

    So, cost of doing business.

    1. Florida Hipster   9 years ago

      Go big. Take the fine, hire no women, save on maternity leave. I'll be expecting a Swedish executive position any minute now.

    2. Radioactive   9 years ago

      so cost benefit...let's say 600k in fines versus the bottom line damage done to the bottom line by 40% xx membership on the board....pay the fine!

    3. Tom Bombadil   9 years ago

      590K is a small price to enjoy a no-chicks club.

  7. DJF   9 years ago

    Question, what if the women don't want to be on the board of directors, will they be forced to be on it?

    Also there is a simple fix for this, just have 40% of your male directors declare that they are pre-op transsexuals. These days they don't even have to wear a dress, they can just say that inside they have always felt like they were a women

    1. UnCivilServant   9 years ago

      Bonus points if it's the least feminine 40%.

      1. Florida Hipster   9 years ago

        I'd grow a beard if I was the designated lady.

  8. Jerryskids   9 years ago

    The whole equality thing just doesn't make sense. If it's merely discrimination to not have women, if there's no reason to not have women because women are objectively every bit as capable as men, then what difference does it make if half the board are women? Do you have to have a certain percentage of left-handed people, short people, bald people, people who like deep-dish pizza, Jets fans, people who like to ski? If it makes no difference if it's a man or a woman then what difference does it make if it's a man or a woman? If you're claiming it makes a difference if it's a man or a woman, you're admitting there are differences between men and women - and now let's have this conversation: What are the differences between men and women and what difference does it make if a certain percentage of your board members are women?

    1. UnCivilServant   9 years ago

      Sir, you are trying to view it in light of the cover story.

      The stated objective of "equality" is bunk. It is a furtherance of a supremacist ideology for whom no tactic is forbidden, and the truth irrelevent. Making the people they claim to be for miserable - irrelevent. Causing decades of economic and social harm - irrelevent. Hurting the 'enemy' and getting special carve-outs for themselves - everything.

    2. Radioactive   9 years ago

      yes to all of the above...except for those Jets fans, obviously way to stupid to be on a board.

      1. Mainer2   9 years ago

        Do you know the way to stupid ?

        1. Radioactive   9 years ago

          take a left off 95 from NJ into Manhattan...or you could go right off 95 from CT to...

        2. Radioactive   9 years ago

          I thought it was on the way too San Jose!

          1. Lord at War   9 years ago

            Left turn in Albuquerque...

    3. Rufus The Monocled   9 years ago

      Speaking as a lefty, you don't know discrimination until you live in our shoes.

      1. Radioactive   9 years ago

        do you think I look like Mother Hubbard (and that I like the smell of feet)?

  9. straffinrun   9 years ago

    Last year Sweden came first in a YouGov ranking of attitudes towards gender equality among 24 nations, with 72 percent of Swedes surveyed responding positively to questions regarding gender balance.

    Ask them again when the wife isn't home.

  10. BigT   9 years ago

    Hillary stumbles, goes to Chelsea's apt for a fix. A week later bomb goes off in Chelsea!

    Coincidence?

    No way! Hildog's bombing NYC!

    ***

    If true, she'd get my vote.

    1. Radioactive   9 years ago

      cause she bombed her daughter?

  11. Lee Genes   9 years ago

    Equal opportunity rubber stamps!

  12. lap83   9 years ago

    Maternity leave in Sweden is 480 days. I wouldn't be surprised if their corporations had fewer female boards of directors on average than most Western countries. But if they just get ENOUGH contradictory laws I'm sure they'll reach that impossible goal of making women 100% family focused and 100% ambitious high-powered feminists with 90-hour-a week jobs, simultaneously.

    1. Rufus The Monocled   9 years ago

      I have a solution.

      Sock. Puppets.

      Or Muppets.

      1. Radioactive   9 years ago

        won't work, no way to tell from existing population...

  13. Mainer2   9 years ago

    Did you really think we want those laws observed?" said Dr. Ferris. "We want them to be broken.

    1. Mainer2   9 years ago

      this was a reply to lap83

  14. Rufus The Monocled   9 years ago

    Manager Mats: 'Meet Ingrid. She's my Wednesday night appointment and now she's a member of this board."

  15. Rufus The Monocled   9 years ago

    Father: Honey, we must talk.
    Daughter (stroking doll's hair sitting on bed): Yes, father.
    Father: It is time for you to consider your future.
    Daughter: What's a future?
    Father: We have a duty.
    Daughter: What's a duty?
    Father: Would you like to sit a big long, mahogany table with big chairs and water glasses and doughnuts and with funny people who pretend it's Halloween everyday?
    Daughter: That sounds like fun!
    Father (dials mobile): She's in.

  16. Deep Lurker   9 years ago

    Conquest's Third Law: The simplest way to explain the behavior of any bureaucratic organization is to assume that it is controlled by a cabal of its enemies.

    So the simplest way to explain this mandate is to assume that a cabal of misogynists in the Swedish government and the EU are out to discredit women and block them from obtaining any actual positions of power. Because the dead obvious result will be to appoint women to "dummy" or "puppet" board positions under the control of men who will wield even more power than before. In addition, all the women on various corporate boards will be dismissed as "Stepford Board Members" whether they deserve it or not.

    1. Mainer2   9 years ago

      +1 soft bigotry of low expectations

  17. Black Magic Specialist   9 years ago

    Get Your Love Back By Black Magic Specialist

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