Some recent additions to the library

Richard Calland &; Paul Graham (Eds), IDASA's Democracy Index — Democracy in the Time of Mbeki, Cape Town: Institute for Democracy in South Africa (IDASA), Cape Town, 2005, R150, 252 pages.

Pieter Wolvaardt, A Diplomat's Story: Apartheid and Beyond, 1969–1998, South Africa: Galago Publishing, 2005. ISBN 1–919854–15–0, R225, 336 pages.

Greg Mills, The Security Intersection: The Paradox of Power in an Age of Terror, Johannesburg: Wits University Press, 2005, 321 pages.

Hugh Pope, Sons of the Conquerors. The Rise of the Turkic World, New York: Overlook Duckworth, 2005. ISBN 1–58567–641–1. 413 pages.     

Gender Diversity in the FTSE 100: The Business Case Claim Explored

This article examines the debate within corporate governance about the appointment of female non‐executive directors (NEDs). The first part tracks the diversity story that corporate governance tells about itself from the Cadbury Report (1992) to the Davies Report (2011). The second sets out the evidence used to support the argument that female appointments enhance profits and corporate profile. The third part presents the authors' empirical analysis of FTSE 100 companies and female nonexecutive board membership, and concludes that there is little evidence that companies with female board membership display different characteristics from those without. Industry sector emerges as a significant factor in female appointments. The idea that women should be appointed to boards to increase corporate profitability and profile is not strongly supported by this analysis. A social justice argument based upon the right of woman to equal economic participation opportunities provides a much superior articulation of the need for boardroom diversity.