This seems like the right decision (and I'm saying this as an LGBT person). The problem is, it just doesn't seem like legislation is the right instrument for promoting diversity in boardrooms. But what is the right mechanism? I anecdotally recall studies that found organizations with greater diversity deliver better financial results, and that public companies have a responsibility to their shareholders. It's importa…
While that may be true, it isn't the case that more diversity necessarily makes a more profitable organisation. It's also a pretty dangerous game to play; diversity policies can be, and often are, implemented in a ham-fisted or corrupt way that destroys value.
Simply look at the havoc that BEE has wreaked on South Africa's economy and especially the public service.