Analyzing Corporate Governance for Pay Equity at Morrison Org

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Added on  2023/06/14

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This report investigates the role of corporate governance strategies in addressing pay fairness, specifically focusing on the gender pay gap within the Morrison organization. It aims to understand the importance of corporate governance, analyze effective strategies for resolving gender disparities, identify the benefits of these strategies, and determine the challenges faced due to a lack of robust governance. The research employs both primary and secondary data collection methods to gather insights and support its analysis, referencing various academic sources to contextualize the issue and propose solutions for achieving pay equity through improved corporate governance practices at Morrison.
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Pay fairness
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Table of Contents
Title of the Study –......................................................................................................................................3
Identifying an issue in corporate governance and implement strategies in a Morrison organization...........3
Introduction.................................................................................................................................................3
Aim..........................................................................................................................................................3
Research Objectives................................................................................................................................3
Research Questions.................................................................................................................................4
Rational of Study.........................................................................................................................................4
Literature Review........................................................................................................................................4
Research Methods.......................................................................................................................................6
Gantt chart...................................................................................................................................................7
References...................................................................................................................................................8
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Title of the Study –
Identifying an issue in corporate governance and implement strategies in a Morrison
organization
Introduction
Corporate governance is a set of rules, practices, or regulations governing how
organizations are run, regulated, &managed. Local & global variables affecting the values of a
relevant employees, including stockholders, employees, supplies, federal regulators,
&administration, are referred to as "micro &macro environment. It is determined that strong
corporate governance contributes to the development of a climate of trust, visibility, &
accountable that is important for long-term investment, financial soundness, &company
integrity, resulting in greater progress & also more considered viable (Luo and Tang, 2021).
This report is totally based upon the specific issue like “paying more for men than women”, so
that researcher can effective analyze the reason of the behind the unfair gender gap. The main
focus of this study is to analyze the importance of the corporate governance strategies so that
company can easily resolve this problem. For this research, Morrison organization is considered
which are most famous supermarket &retailer chain in UK. In this research, various strategies of
corporate governance will be analyzed so that researcher will easily solve this problem.
Aim
“To study the impact corporate governance strategies in order to solve the problem of paying fair
more for men than women. A case study of Morrison”.
Research Objectives
To understand the importance of corporate governance for the origination.
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To analyze the effective corporate governance strategies to solve the problem of gender
gap in an organization.
To identify various benefits of corporate governance strategies to resolve the issue that is
facing by the organization.
To determine the key challenges those are facing by the company due to lack of corporate
governance strategies.
Research Questions
What is the importance of corporate governance for the organization?
Which are the effective corporate governance strategies to solve the problem of gender
gap in an organization?
What are the various benefits of corporate governance strategies to resolve the issue that
is facing by the organization?
What are the key challenges are facing by the company due to lack of corporate
governance strategies?
Rational of Study
Good corporate governance practices, it is concluded, leads to the formation of an
atmosphere of trust, transparency, & accountability that is critical for long term investment,
financial strength, &firm integrity, resulting in increased advancement &viability. This study is
entirely focused on a single subject, such as "paying as much for males than for females," in
order for the researcher to effectively evaluate the reasons for the unjust gender disparity. This
study's major goal is to assess the relevance of corporate governance initiatives just so the
organization may quickly remedy this issue (Singh and Delios, 2017).
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Literature Review
To underst&the importance of corporate governance for the origination
According to the Shailza Sharma, (2020), revealed that all rules, regulations, procedures,
&standards that control how much a corporation is run are referred to as corporate governance.
It establishes the responsibilities &privileges of all effect on the improvement inside an
organization in trying to entice talent & financial resources, improve internal productivity,
&also provide massive economic value to stakeholders. The beneficial effects that emerge
while hazards are controlled & organizational procedures are simplified &standardized
demonstrate the relevance of financial regulation. Good corporate governance has a number of
direct benefits for businesses, which include: - transparency, fairness, independence
&accountability.
To analyze the effective corporate governance strategies to solve the problem of gender gap in
an organization
According to the defined that Julie Davoren, (2021), explained that a company wants to define
&achieve strategic goals, it has to have good corporate governance. A corporate governance
framework comprises procedures, regulations, & standards to help the business achieve its goals
while simultaneously meeting the demands of its participants. A listed companies system is
frequently made up of a variety of procedures. Structures provide the most important sets of
controls for a company. These controls keep track of the organization's development &
operations &take remedial action when things go wrong. They assist the corporation's internal
objectives &internal stakeholders, particularly individuals, management, &ownership, by
supporting the industries wider internal control framework. Efficient procedures, specifically
defined communication processes, & effective assessment systems are among these goals (Ueng,
2016).
To identify various benefits of corporate governance strategies to resolve the issue that is
facing by the organization
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According to the John Félicité , (2021), revealed that there are various benefits of
corporate governance such as improved capital flow, risk mitigation, reputational boost
reputational boost, effective decision-making, improved reporting, higher staff
retention &limitation of disruptive behavior & conflicts of interest. Corporate governance is the
process for controlling &directing a firm in the most efficient way possible. It entails a series of
interactions between a company's executives, executive board, stockholders, &some other
participants.
To determine the key challenges those are facing by the company due to lack of corporate
governance strategies
According to the Astha Jain, (2018), revealed that there are various challenges which are
facing by the organizations like Corporate that aren't publicly traded aren't covered, Off-
balance-sheet operations must be disclosed, a corporation run by a family, Corporate social
responsibility has a plethora of requirements &also Existing practices are being challenged.
Research Methods
Primary data collecting technique - Also known as genuine as well as first collecting
information, this approach captures original &unique responses from a specified population. To
guarantee that first-h&&authentic replies are properly considered, investigators may gather
primary data using specific instruments such as questionnaires, questionnaires, interviews,
&telephone interviews. The research includes primary data in order to perform this study so that
he or she may use primary &original information to gain the most effective &pure replies from
the interviewees. Secondary data collecting technique - In secondary sources, information that
has previously utilized &studied by another individual is taken into consideration. In this
technique, the researcher will utilize previous study data so that secondary information may be
easily retrieved from magazines, papers, WebPages, books, & publications. In needed to finalize
this investigation, the researcher will use additional research methods so that he or she may
already in knowledge & feedback of the research issue (Viscelli and et. al., 2017).
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Gantt chart
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References
Luo, L. and Tang, Q., 2021. Corporate governance and carbon performance: role of carbon
strategy and awareness of climate risk. Accounting & Finance, 61(2), pp.2891-2934.
Singh, D. and Delios, A., 2017. Corporate governance, board networks and growth in domestic
and international markets: Evidence from India. Journal of World Business, 52(5),
pp.615-627.
Ueng, C.J., 2016. The analysis of corporate governance policy and corporate financial
performance. Journal of Economics and Finance, 40(3), pp.514-523.
Viscelli, T.R., Hermanson, D.R. and Beasley, M.S., 2017. The integration of ERM and strategy:
Implications for corporate governance. Accounting Horizons, 31(2), pp.69-82.
Online
Shailza Sharma, Importance of Corporate Governance in an Organization, 2020, [Online]
Available < https://corpbiz.io/learning/importance-of-corporate-governance-in-an-
organization/>
Julie Davoren , Three Types of Corporate Governance Mechanisms, 2021 [ Online ] Available
Through < https://smallbusiness.chron.com/three-types-corporate-governance-mechanisms-
66711.html>
John Félicité, 8 ways good corporate governance creates company value, [Online ] Available
Through < https://www.ocorian.com/article/8-ways-good-corporate-governance-creates-
company-value>
Astha Jain, Need for Effective Corporate Governance &Its Challenges, 2018, [Online ]
Available Through < https://blog.ipleaders.in/corporate-governance-challenges/>
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