'(Bloomberg) -- For fund manager Katie Potts, setting mandatory quotas for women on corporate boards of technology startups is a bad idea. Not because she’s against diversity, but because she says there just aren’t enough suitable candidates.
“There are simply not enough experienced women in the sector and of suitable caliber to fill a third of board posts” in the smaller tech company space, the founder of U.K.-based Herald Investment Trust Plc said in the company’s annual financial report Tuesday. Many startups also struggle to compete for talent against bigger companies like Alphabet Inc., Apple Inc. and Facebook Inc, she said.
Small software and tech companies make up a bulk of Herald’s holdings, and her funds will be “pragmatic” when voting on mandatory quotas and “overly burdensome” regulations, Potts said, citing “instances of unsuitable candidates being appointed and doing real damage.”'
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It's absurd when any party imposes political-correctness social engineering policies on companies about who can participate on their boards. It may sound and feel "good" or "progress" to implementors, but it merely continues racial and gender discrimination in different forms, doesn't heal society, and is ultimately intellectually dishonest. It's curious how often racism "doesn't exist" when it primarily harms white or Asian (unless it's about Asianness) people and sexism "doesn't exist" regarding straight cis men, and anyone in these groups who mentions it is a different form of unfairness are "racist," "bitching," "entitled," or "not checking their privilege." Can't we get to the point where we're friends and calling each other ethnic slurs jokingly-ironically (this was a case internally at a UK startup in Victoria, and the vibe with all sorts of people in our motley crew was family. It was unintentional, unplanned diversity because we hired the best.)?
"I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.
I have a dream today!
I have a dream that one day, down in Alabama, with its vicious racists, with its governor having his lips dripping with the words of 'interposition' and 'nullification' -- one day right there in Alabama little black boys and black girls will be able to join hands with little white boys and white girls as sisters and brothers." - MLK Jr., "I Have a Dream" speech