Essay Question: Discuss whether it should be essential for businesses to have women in their board of directors.
In today's world, it is necessary to encourage diversity in the workplace. This will help to reduce the wage gap between males and females and further enhance gender equality.
This essay argues in favour that the businesses should be required to have women in their board of directors to bring diversity in the workplace.
Main points addresses in essay:
The essay will begin by introducing the unequal treatment given to women. It will then explore the wage gap in the businesses and the small percentage of women in their board of directors. It also highlight the benefits of including women on the boards.
If there are more women on board of directors, it is an indicator of gender equality (Mundy and Seuffert 2020). It also helps to drive more equitable pay for all the individuals in the company. The government should introduce more new methods and techniques to encourage diversity in the workplace.
Ahmed, A., Monem, R.M., Delaney, D. and Ng, C., 2017. Gender diversity in corporate boards and continuous disclosure: Evidence from Australia. Journal of Contemporary Accounting & Economics, 13(2), pp.89-107.
Baker, M., Ali, M. and French, E., 2019. Effectiveness of gender equality initiatives in project-based organizations in Australia. Australian Journal of Management, 44(3), pp.425-442.
Fine, C., Sojo, V. and Lawford‐Smith, H., 2020. Why does workplace gender diversity matter? Justice, organizational benefits, and policy. Social Issues and Policy Review, 14(1), pp.36-72.
Kennedy, T., Rae, M., Sheridan, A. and Valadkhani, A., 2017. Reducing gender wage inequality increases economic prosperity for all: Insights from Australia. Economic Analysis and Policy, 55, pp.14-24.
Mundy, T. and Seuffert, N., 2020. Are we there yet? Best practices for diversity and inclusion in Australia. International Journal of the Legal Profession, 27(1), pp.81-111.
Nadeem, M., Zaman, R. and Saleem, I., 2017. Boardroom gender diversity and corporate sustainability practices: Evidence from Australian Securities Exchange listed firms. Journal of Cleaner Production, 149, pp.874-885.
Roberson, Q.M., 2019. Diversity in the workplace: A review, synthesis, and future research agenda. Annual Review of Organizational Psychology and Organizational Behavior, 6, pp.69-88.
Stevens, K. and Whelan, S., 2019. Negotiating the gender wage gap. Industrial Relations: A Journal of Economy and Society, 58(2), pp.141-188.
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