Women And Corporate Boards Increases Profits And Sustainability By Roth Bill, Catalyst, A Not For Profit Organization

Women And Corporate Boards Increases Profits And Sustainability By Roth Bill, Catalyst, A Not For Profit Organization

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What Changes with Women in the Boardroom

It comes as no surprise that women are underrepresented in the boardrooms. There are female CEOs in independent businesses, but they fall behind in the boards. In the previous ten years, the number of women on the board of directors in country 's biggest businesses has only increased by 5% in meeting rooms, which leaves 80% of the opportunity for the men. The numbers are surprisingly more terrible around the world, where women occupy only 12% of the aggregate seats. Moreover, 55% of companies that are worth more than $1 billion in Europe and U.S have no women on their boards. All these numbers become even more surprisingly when women make up 60% of the world 's graduate. (Wolf)
According to the article, Having Women on Corporate Boards Increases Profits and Sustainability by Roth Bill, Catalyst, a not-for-profit organization that worked on opening up opportunities for women in the workplaces, studied the impact of more women in an organization on the financial outcomes (Roth). A positive correlation was found between the two, and the association likewise discovered positive results years after the initial survey when it concentrated on the economic effects of having women on the board of directors.
The article ‘What Changes With Women In The Boardroom?”, written by Wallace Kelly , From that point forward, a large group of different organizations and associations including Ernst and Young, McKinsey and Company and the International Monetary Fund carried out similar research and concluded with the same outcomes. Thus, these studies established that organizations that have relatively more females in their senior level of lead...

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...ent improves effectiveness of the board and the staff performance. Secondly, the less discrimination in the management leads to more hiring, promoting and retaining opportunities. Thus, the businesses that are gender-biased lag behind those who do not discriminate and decide on merit (Noland and Moran).
The discussion and research suggests that women representation on the board of directors is essential and vital for the growth of the company. Women must be involved in the decision-making so that ranges of options are available, and more brains can be used to reach the choice.
One way of doing this is by applying gender quotas in board membership. This would allow and ensure adequate and optimal representation of females and men, and resultantly making a gender-bias-free organization, which in itself gives a favorable image of the business.

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