Is it any surprise that Lloyds Bank of Britain has announced that it will greatly increase women in its top executive positions just at a time when it is facing scandals of rigged lending rates? The presence of more women at the top gives a softer, friendlier face to the world of amoral banking.

The bank says 40 percent of senior positions will go to women, which means that every female promotion will reek of affirmative action whether it’s deserved or not.

The British government and the European Union are pressuring companies to appoint more women managers and place more women on corporate boards. A Lloyds banking spokeswoman is quoted in The Daily Mail as saying “there is a whole body of research suggesting that where organisations have a diverse senior management team they are much more financially successful than those that do not.” Given that senior management at most large corporations is predominantly male and that the most successful companies face more pressure to institute affirmative action, there could not be sufficient research to confirm this.

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