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You are required to prepare a slide deck of 12 to 15 slides (not including the opening, closing and referencing slide) and record an 8 to 10 minute video to summarise your views on the following three...

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You are required to prepare a slide deck of 12 to 15 slides (not including the opening, closing and referencing slide) and record an 8 to 10 minute video to summarise your views on the following three questions. 1. Do you believe a well diverse board adds more value to a company than a board that isn’t diverse? You should consider the various forms of diversity in your discussion, for example, gender, culture, religion, age, etc. 2. Do you believe that board committees help the board to effectively and efficiently achieve its objectives? In your answer, you must discuss at least one board committee and how it contributes to the board’s objectives. 3. Do you believe that developing and implementing a Code of Conduct is an effective approach to resolving ethics conflicts? What other methods/techniques you would consider to be effective in managing such ethical conflicts?
Answered 3 days After Sep 02, 2021

Solution

Shalini answered on Sep 05 2021
130 Votes
ETHICAL AND CORPORATE GOVERNANCE ISSUE
ETHICAL AND CORPORATE GOVERNANCE ISSUE
Diverse Boards in the Companies
The well diverse boards add values concerning the several benefits it imparts-
A diverse helps in inheriting a diversity of thoughts and ideas.
The diverse boards helps in adding value by addressing complex corporate issue pertaining in the organization.
It also helps in increasing the revenues of the company.
A diverse board adds value to the company by serving the best interest of the shareholders.
It also helps in making more valuable decisions for the company.
A well diverse board adds more value to the company than the board which is not diverse. At the earlier times the only thing matter in the board was the members should be reliable, like minded and were of known entities but now the diverse board have become the necessity of the companies (Hsu, Lai and Yen, 2019).
2
Gender Diverse Boards
It helps the company in attaining value through inheriting ideas persisting on different point of view.
The gender diversity in the board considerably improves the performance of the company overall.
The companies executing gender diversity are considered to enjoy more profits than those who did not imply it.
Gender diversity in the organizations helps in creating a better image of the company in market as well as among the customers.
Gender Diverse Boards
Gender diversity in the boardroom is also an important aspect regarding the diversity in boards. The gender diversity in the board adds value to the company in several ways that is considered beneficial for the company.
3
Cultural Diverse Boards
Some of the prime benefits of having Cultural Diverse boards include-
It helps in creating a good bond between the team members working for the organization.
The cultural diverse board of an organization helps in creating a goodwill of the company in the market.
It helps the company in gaining slight advantage over its competitors who did not have a good work environment.
It also adds value to the company by adding talented members from different cultural backgrounds.
It also helps the company in gra
ing good multicultural or international projects in the meanwhile.
The cultural diversity in the boards are very important concerning the several facts. The organizations now days accumulates the cultural diversity in the boardroom as they feel substantially that it will increase the organizational effectiveness as well as the growth. The cultural diversity in the board room of the organization helps in adding values to the organization (Zaid et al., 2020).
4
Age Diversity in the Board
Some of the benefits of age diverse boards-
The older members of the boards may add value to the organization through the experience they have inherited overtime.
The younger members of the board can also provide and impart several benefit to the company as they reciprocate several critical skills in different areas.
The age diversity in the board helps in maintaining a balance between the innovative ideas as well as the experienced ideas.
The age diverse boards within the organization helps the organization in better decision making substantially.
Along with all the diversity persisting within the boardroom age diversity is also...
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