If it’s widely accepted that placing more women on corporate boards delivers better results for companies, then investors will push companies to do just that.
Those that fail to do so will see their share price lag behind their competitors.
Those that fail to do so will see their share price lag behind their competitors.
Given that the feedback loop for government actions is slow and often time indirect, I’m not sure the government is making the best decision either.
They certainly have huge influence over policy. IMO it's extremely superficial to believe that just because they're not part of the official party political process they're somehow not in a senior leadership role.