Women on Company Boards Cut ‘Group Think,’ U.K. Lawmakers Say

Increasing the number of women on the boards of U.K. financial institutions would reduce “group think” and improve scrutiny of executive decisions, a panel of lawmakers said.

While it is “going too far” to say the financial crisis would not have happened if there were more women at senior levels, boards would function more effectively if they had greater female representation, the cross-party Treasury Committee said in a report published today.