Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
An analysis of corporate governance
The impact of diversity on organizations
Essays on corporate governance
Don’t take our word for it - see why 10 million students trust us with their essay needs.
This report gives the brief overview of the concept of corporate governance, its evolution and its significance in the corporate sector. The report highlights various key issues and concerns that are faced by the organizations while effectively implementing and promoting Corporate Governance. Gender Diversity has been considered a key issue in the Corporate Governance and the details about how the organizations have worked on improving the women’s representation in the Boardroom composition has also been discussed. Several examples have been given about the board room composition of various companies and the number of female professionals in it. The report also highlights the implementation of gender diversity in various S&P Companies, Fortune 500 Companies and the patterns followed in various UK-based companies. Several academic findings have been also included to provide information about the trends that are likely to be developed in coming years. The cost-benefit analysis has also been included to identify the concerns that the organizations have to address. Lastly, the report highlights the various steps that the management and the leadership can take towards efficient and effective corporate governance. Corporate Governance Corporate governance implies governing a company/organization by a set of rules, principles, systems and processes. It guides the company about how to achieve its vision in a way that benefits the company and provides long-term benefits to its stakeholders. In the corporate business context, stake-holders comprise board of directors, management, employees and with the rising awareness about Corporate Social Responsibility; it includes shareholders and society as well. The principles which... ... middle of paper ... ...a growth in female representation in the boards of the technology companies, where 66% of the companies have one female director, which is a much better figure than what it was in 2012 (60% of the female representation). Works Cited Gregory, h. J., 2012. Twelve Key Corporate Governance Issues. Board Agenda, Mon Dec-Jan, p. 29. 2. Howard, M., 2013. Corporate Governance: the key issues of 2013, UK: Corporate Livewire. 3. Huy, D. T. N., 2012. The Backbone of International Corporate Governance Standards : Case Studies and Analysis. s.l.:Lulu.com. 4. International Conference HHL Leipzig Graduate School of Management, 2012. Key Corporate Governance Issues in Emerging Markets: theory and practical execution. Leipzig, Center for Corporate Governance, HHL Leipzig Graduate School of Management, p. 181. 5. L.Colley, J., 2003. Corporate Governance. Chicago: Mc Graw-Hill.
First, our company should understand the importance of gender diversity. In the first article “Why Workplace Gender Diversity Matters”, Anne Marsan pointed out directly that most tech companies lack of gender diversity. Then she explained several reasons why gender diversity matters to companies. Using logos, she mentioned that women in U.S. purchased 50 percent of computers, 50 percent of cars and 80 percent of consumer goods. In other words, organizations with gender diversity are better to connect with
Today, however, women have integrated themselves into every field of activity and every kind of industry smoothly and skillfully. Whether travelling twenty days of the month or accepting transfers, they are as performance-oriented, sincere, competent and persevering as their male counterparts, if not more. Their presence in the corporate world is now more a rule than an exception such that a feminist agenda and, in fact, any speci...
Only 17% of board directors in FTSE are female.. Where FTSE is a British provider of stock market.
The argument for gender-diversity enhancing boardroom effectiveness and performance in listed companies has been made. The evidence herein is also very compelling. However, If gender-diversity is to enhance corporate governance in listed companies; then women appointees to directorship positions will be required to have suitable training, development, as well as experience. Furthermore, tokenism’ alone will not allow listed companies realize the tangible and intangible benefits of diversity, including gender diversity, in corporate governance.
...eve efficient resource allocation. Failure to achieve appropriate and efficient corporate governance could result in sub-optimal allocation of resources, abuses and theft by management, expropriation of outside shareholders and creditors, financial distress and even bankruptcy. While evaluating the role of corporate governance, it is imperative to also consider the levels of development of market institutions and other legal infrastructure including laws and enforcement that provide good standard for investor protection as well as ownership structures.
Securities Commision Malaysia. (2014). General Article: Corporate Governance. Retrieved March 26, 2014, from Securities Commision Malaysia: http://www.sc.com.my/corporate-governance/
Managing diverse groups to achieve a cohesive philosophy and consistency of performance is what is required of today’s corporate leader. Evidence shows that women and men are as adept, or as bad, as each other at responding to this challenge.
(Gary Dessler, 2015) Canadian women in business are currently being unrepresented, as women make up almost half of the labour force yet around only 37% of management positions are being held by women, and only 5.7% of CEOs are female. (Gary Dessler, 2015)This is shown to be a disadvantage for companies as a survey from catalyst shows that companies that have more female board members, return a higher investment on capital than those companies that have less. (Bloch, 2009) This could be because if a board is missing females, they are missing an opportunity for different perspectives that could possibly be gained from diversity in
Gender diversity helps companies attract and retain talented women. This is especially relevant as more women join the labor force around the world. Companies cannot afford to ignore 50% of the potential workforce and expect to be competitive in the global economy.
• Ensure sufficient participation of women in decision-making and governance at all levels and across all business areas. • Offer flexible work options, leave and re-entry opportunities to positions of equal pay and status. • Ensure that all policies are gender-sensitive – identifying factors that impact women and men differently – and that corporate culture advances equality and inclusion. • Support access to the child
Today, one of the greatest worries for CEOs worldwide is not having the correct individuals to run and develop their organizations. So they're beginning to look to decent variety as an approach to address this issue. Organisational diversity doesn't simply profit the organizations themselves, yet in addition the economies they work in. This demonstrates expanding the level of female work could help bring GDP by 5% up in the US, 11% in Italy, and 27% in India (Dally, 2015).
Gender inequality is present in all aspects of human society, from culture, politics, and economic stand point to personal relationships. Gender inequality can be viewed as a major problem especially within the business world (Corporation, 2016). In the past, men are seen as leaders in all aspects. For example, men could work without any criticisms, they could participate in political issues and were given higher education. Women on the other hand, were given no political participation, criticized for working outside the household as they were responsible for chores such as takes care of their children, cooking or cleaning and given limited education compared to men. Although there are claims rights equality of women in 21st century and much has been written about it in the field of business (Player, 2013), but there is still a gap between male and female. This essay aims to explore the impact of gender inequality in business and will analyze the details in terms of the men are given high pay and specific jobs over women.
Organization for Economic Co-operation and Development. Improving Business Behavior: Why we need Corporate Governance. Oct. 2004. OECD.
The Quality of any business organization’ corporate governance affects the value and the risk of the organization. Strong corporate governance is required for the effective and efficient of any business organization to stay in the market.
It has been underlined that there is an absence of diversity in regards to gender and race within the industry, around less than 40% are female. With that said, there has been a gradual increase with the diversity of gender itself, in the recent years, only a handful of woman are in higher positions in the industry, limited role models for inspiring young woman looking to come into the industry. The imbalance of gender within the industry is subjective as there are different variables to consider, due to the fact that other companies might have a higher employment rate for female, or the job role itself, as informed by my