Corporate Governance

Running head: CORPORATE GOVERNANCE
Corporate Governance
Name of the Student
Name of the University
Author Note

1CORPORATE GOVERNANCE
Table of Contents
Introduction......................................................................................................................................2
Diversity as corporate governance issue..........................................................................................2
Corporate governance and diversity management of Commonwealth Bank..................................3
Recommendations on improving the situation................................................................................4
Conclusion.......................................................................................................................................5
References and Bibliography...........................................................................................................6

2CORPORATE GOVERNANCE
Introduction
Corporate governance is a broad issue and many factors are incorporated within this.
Diversity is one of those major factors. In the modern day organizations, the international
organizations set up their corporate governance structure in a manner that they can cater to the
interests of their employees hailing from different ethnic backgrounds. It is quite sure that these
people face many problems due to their ethnic backgrounds (Du Plessis, Hargovan and Harris
2018). In this paper, the chosen organization is Commonwealth Bank of Australia. The ways
they handle their diversity management within their corporate governance structure will be
discussed in this paper. Some recommendations will also have to be discussed here as well.
Diversity as corporate governance issue
Diversity is one of the most importance factors when a corporate organization expands
their business from one country to another (Hassan, Marimuthu and Johl 2015). The
organizations have to think about the well being of their employees and protect them from being
harassed or bullied. The Board of Directors of the organization will have to think about the risks
and challenges within the organization that work as the barriers for the achievement of their
mission (Du Plessis, Hargovan and Harris 2018). The top people of the organization understand
that they should encourage the presence of the diversity within the organization. It is because
diverse people have diverse talents. They can contribute to the overall success of the
organization in better ways always (Tricker and Tricker 2015). They are quite aware that the
organizations will be able to perform at their best levels with the positive impacts of cultural
diversity (Dhir 2015). The culturally diverse board of directors and the culturally diverse
employee strength will definitely give a positive vibe for the organization. This will also add to