headlines have made board diversity one of the key issues in corporate governance today, analyse the composition of the board of

headlines have made board diversity one of the key issues in corporate governance today, analyse the composition of the board of Essay example
Masters
Essay
Finance & Accounting
Pages 7 (1757 words)
Download 0
BOARD DIVERSITY ISSUES AND CORPORATE GOVERNANCE Student name: Course name: Instructor name: The issue of corporate boards not being fairly represented in terms of female executives is not only common in the America or Europe; it is an issue that affects organizations internationally…

Introduction

The move was prompted by the fact that although organizations sought to include women in non-executive appointments, there were little or no improvements in having women in executive posts (Treanor 2013). According to Neville and Treanor (2012), although the number of women in non-executive positions is on the rise, there is a stubbornly low number in senior management. Although some organizations have heeded to the call to have about 40% of the boardroom seats held by women, Norway which is ranked first has achieved about 35% non-executive directors after the government ordered firms to include women through quotas. In the United States, there are only 20 of the 500 S&P leading companies being led by women chief executives. Despite leading in the high number of women executives, the United States is not governed by quotas unlike European countries where board quotas have seen few female senior leaders and few chief executives. Joecks, Pull & Vetter (2012) highlight that despite the increase in the percentage of women in the workforce over years; there is a lag in the presentation of women in boardrooms as female directors. In addition, Joecks, Pull & Vetter (2012) note that the presentation of women in boardrooms fall behind in Europe owing to imposition of women quotas for countries like Norway, Netherlands, and France among others. ...
Download paper
Not exactly what you need?

Related papers

Quality of corporate governance within an organization (Shell Company) and the impact on organization’s key stakeholder
For a company to remain competitive it must practice good and quality governance principles so as be innovative and be able to adapt in order to meet new demands from its customers and grasp new opportunities that may arise in the market. Corporate behavior is known to influence behavior of shareholder who is owner of equity in the company. Use of quality corporate governance principles by the…
Corporate governance
There is no set definition of corporate governance and mostly depends upon the specific country’s view and oversight of the issue. Generally, it is known as a system of rules and principles as to how an organization should be governed and controlled. The roots of corporate governance lie in ‘Agency Theory’, which explains the problem of principal-agent. The managers or agents are bestowed…
The International Accounting Standards Board (IASB) - The International Corporate Reporting Issues.
Wood and Sangster (2008) highlights that the IASC was initially founded by an Accountant’s International Study Group particularly in 1973. The IASB is an international but independent accounting setting body. Soon after becoming the international accounting standards setting body, the members of IASB finalized and decided to discuss, develop, in the global public interest, a single set of high…
corporate governance
It is consisted of rules, which govern the relationships between stakeholders, shareholders and management (Ching et al, 2006). In the 1980s and early 1990s, some huge corporate scandals shocked the entire commercial world. Majority of the investors had lost their confidence over management of their investments; the entire commercial world was filled with distrust. To control this damage,…
corporate governance
Cadbury Report highlights the role of Chairman and Chief Executive Officer. The Chairman must not be allowed to become CEO and the same is applicable to the vice versa at the same. The Chairman is primarily responsible for the board’s working, and for its membership balance subject to board and approval of shareholders (ecgi, web). The Greenbury report focuses on the directors’ remuneration…
The board of Comvitea Ltd appears to be committed to principles of good corporate governance
The company was established in the year 1970 and is situated in the Bay of Plenty in New Zealand. Comvita is learnt to be dedicated towards manufacturing innovative natural health care products (Comvita Limited and its subsidiaries, 2012). This discussion will attempt to gain a comprehension regarding the process of corporate governance in Comvita and the way the company manages and controls its…
Analyse the corporate governance statement of NewsCorp
With the help of the board which ought not have less than three members, it is expected that the director of the company hold office for only a year (NewsCorp 1). The director also needs to be elected through a majority vote and must enjoy their independence. Under the guideline of the corporate governance, NewsCorp indicates that board meetings are mandatory and reviews of the previous meetings…