Gender equality has been a recurring and prominent feature on the global development agenda for almost a quarter of a century now. Despite the universal appeal of its rhetoric and the regular policy conversations on the topic, progress in terms of gender diversity on corporate boards is slow and insincere as companies acknowledge it for the sake of how they are viewed in the eyes of others. Board gender diversity is not only an issue of addressing gender equality but it has also been proved to provide some gains for many stakeholders within the companies.
The Board of Directors is a control governance mechanism, aimed to monitor managerial activities to mitigate agency costs (Jensen, 1993), and to set the strategic objectives which should orientate the course of the company (Hillman and Dalziel, 2003). The Board's supervisory tasks include: monitoring the CEO, and the implementation of the firms long term strategy, firing and hiring the CEO and assessing and rewarding the CEO/top managers of the firm (Hillman and Dalziel, 2003). Gender representation on corporate boards of directors refers to the proportion of men and women who occupy board member positions. To measure gender diversity on corporate boards, studies often use the percentage of women holding corporate board seats and the percentage of companies with at least one woman on their board.
A 2016 study of more than 21,000 companies in 91 countries showed that firms with at least 30% of women in the c-suite are more profitable. In another report on Fortune 500 companies, a direct relationship was discovered between companies with more female directors and achieving greater returns on sales and equity. Other studies show that female directors enhance the effectiveness of boards at governing, (Renee B. Adams, Daniel Ferreira,2009). Women have better attendance, and their presence improves the attendance of men. Female directors are also more apt to serve on monitoring committees and more likely to hold CEO's accountable for poor financial returns. Female directors, too, tend to ensure that corporations are more environmentally responsible. (Glass, Christy & Cook, Alison & R. Ingersoll, Alicia. (2015)). Three or more women directors also correlates with employee productivity, higher dividend payouts, and a greater diversity of ideas, (MSCI,2018)
Bringing convenience to the client, we have whitepapers that can me downloaded in the comfort of your own home and enjoy the free reads.
If you are here on our videos page, then you definitely need to follow our official YouTube channel by clicking below!!!!
This is a portal where we share knowledge about human resources practices. The knowledge comes from experts across the globe who have volunteered to share research-supported articles, case studies, personal experiences and leading practices.
As you search the articles section under our free resources section, check for articles from some of the global thought leaders who have contributed to this section. The articles cover the breadth and depth of the human resources field. Some of the articles are based on practical experience and others are based on research. We have managed to get top thought leaders to contribute articles.
One of the most valuable parts of the free resources section is the case studies section. This section has some of the best studies on the application of human resources. The most important lesson coming out of the case studies is that the human resources function can contribute tangibly to the performance of the organisation.
Under the community section, you will be able to see a section called the "Ask the Expert". In this section, users can ask questions related to HR and other fields. Experts have been lined up in different fields to answer your questions. Under the "Situations wanted" we allow you to showcase your talent so that employers can view your profile. People will get jobs if they put their short profile on this platform. It is a valuable platform for anyone on the job market. Employers are going to this section to look for talent. We have created a platform for employers and job seekers to meet digitally. Check what others are saying about this platform under the comments section.
Read more about us here.
© Copyright | Web design and development by IPC