What the report says
Another partial and pessimistic approach to the women is observed in UK which is one the leading countries in the world. The report states that UK has not only proved a failure but is also unsuccessful in meeting the requirement of the UK government trying to employ women in the field of business or other streams. According to the FT-ICSA Boardroom Bellwether survey report, only 31% of the business is responding. Their declaration is that they cannot maintain the requirements of the rule of Lord Davies targeting to employ 25% of the women in the boards in 2015. The strange fact is that almost 63% among these companies, that do not expect to employ women, also have an intention to exhibit their unwillingness to do so. This result is, of course, not anticipated and it can create greater problems regarding gender diversity.
ICSA policy and research director Peter Swabey comments this unwillingness of the 63% companies is quite a matter which can be the reason of worrying. Gender diversity can also be speculated as a way of getting cognitive diversity in boardrooms.
Gender diversity improving capital markets?
David Styles, the Director Corporate Governance at the UK’s corporate governance watchdog, FRC comments that diversity is almost the tip of the iceberg when it comes to transparency.
A report from New Financial declares that gender diversity can be the reason of the improvement of it in the capital markets. The report also comments that the gender disclosure has a connection with the arrival of gender diversity. There are clear evidences of the existence of the correlation between female involvement and disclosure. This particular correlation can become one of the main reasons of outcome of diversity. It is also becoming a one of the major topics of the annual reporting of the capital market industry. Almost 90% of the sample highlights the diversity and 77% publishes the number of the workforce diversity.
What have the New Financial discovered?
The New Financial also discovers an interesting fact. It discovers that there are various other companies being disclosed closer to gender the more they attempt to stick with non-gender features regarding diversity. The inverse of such correlation will not be predicted like if it is transposed to the FTSE 350 as a whole.
The top three firms that show strong approval on the New Financial diversity report on disclosure are Lloyds Banking group, the Financial Conduct Authority and Barclays.
It is quite difficult to speculate the difference between the practical result of the change in the real world and the true change in case of the matter of women employment in boards if we investigate this matter going four years back regarding what the media found out in UK.
In case of financial outlook the Boardroom Bellwether founds a positive outcome in the UK and the international economic outlook. Companies, however, are not willing to announce it publicly though the 63% of the respondents rated a UK exit from Europe as they consider this has a pessimistic impact on them. UK has only got the support of 7% respondents. They would speak supporting the UK to maintain a part of the European Union. The application of the logical mind and impartial viewpoint can be able to solve such problem.
Our impartiality & cooperation is the solution
It can be well said that employing women in boardrooms has his hit a wall for various reasons. It cannot be identified why it happened unless the matter is well investigated. The confusion of whether it has arrived from the errors of the industry or the predominant tradition of the society treating women as inferior persons is to be cleared. Lastly the rational and impartial cooperation of ours can only change such a problem.