Analyzing Governance in a Globalizing World: Diversity & Practices

This essay explores corporate governance issues in a globalizing world, focusing on diversity and recruitment practices within Australian organizations. It analyzes articles discussing the under-representation of women in leadership roles and the tendency for companies to fill board positions through social connections rather than external talent pools. The essay highlights the importance of diversity for innovation and equality, referencing literature on recruitment methods and the limitations of internal talent pools. It identifies key corporate governance challenges, such as CEO accountability, remuneration structures, and board member selection criteria. The essay concludes by recommending measures to improve corporate governance, including diversification strategies, broader recruitment practices to tap into external talent, and fair remuneration structures to foster a more inclusive and effective organizational environment.

Running head: GOVERNANCE IN GLOBALIZING WORLD
GOVERNANCE IN GLOBALIZING WORLD
Name of the Student
Name of the University
Author Note

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The diversity within an organization deals with the putting together of the issues that
were related to the bringing together of the various individuals who have been serving the
concerned organization. The following paper discusses the issues that are presented in the given
scenarios. The essay opens with the presentation of the issues that have been presented within the
concerned organization. The essay proceeds further to discuss the issues in light of the existing
literature. The essay further proceeds with the discussion of the corporate governance issues that
are presented within the given articles. The essay nears a conclusion with the discussion on the
measures that can be implemented in order to address the issues of corporate governance.
In the article entitled “ASX200 boards near 30pc gender target: AICD”, Patten aims to
discuss the issues that are related to the recruitment of the female employees within the
organizations that are operational within the given territorial boundaries. The researches and the
surveys that have been undertaken reveal the fact that the concerned companies tend to recruit
lesser women in the higher levels of the organizational hierarchy. This has led to the conditions
wherein the concerned people within the country have been facing issues regarding the
employment of the people who have been residing within the given area. The article further
discusses the fact that there has been a sharp decline in the job applications that are turned in by
the female population of the country. The concerned article further discusses the conditions
wherein there is a severe lack of diversity within the workforce of the multitudes of business
organizations that have been functioning within the territorial boundaries of the country. The
lowering of the female employees of the organization is known to have led to the creation of the
lack in the diversity within the employees of the organization (Peretz, Levi and Fried 2015 pp
900). The article further states that the recruitment of the female employees have faced an
increase within the Australian territories. The article claims the fact that there has been a steady

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progress in the incorporation of the female employees within the higher positions within the
organizational hierarchies. The article concludes with the information that the establishment of
the stability among the employees is a goal that remains unachieved by the small-scale
companies.
In the article entitled “company boards are stacked with friends of friends so how can we
expect change?”, Smith (2018) argues that the majority of the board appointments of the
company are driven by the social connections. The article further suggests that the majority of
the directors within the company are known to have been responsible for the actions taken by the
board of directors at a number of companies at the same time. The articled reveals the fact that
the people who are chosen to replace the highest hierarchical posts within the company are
known to be selected from a limited number of participants. The article suggests that the
concerned organizational managements generally do not aim to recruit the employees in the
higher levels of the management in the from an external talent pool. The article aims to discuss
the lack of the diversity within the management of the concerned company. the article states that
the multitude of the business organizations that have been active within the Australian political
boundaries faces a huge number of issues in the matters that are related to the corporate
governance as practiced by the concerned management of the organizations that have been
present within the given organization. the article also aims to reveal the poor condition of the
diversity and the independence that is shared within the concerned organizational structure. The
article reveals the fact that the there is a very negligible amount of improvement within the
diversity of the concerned organizational board.
The organizational diversity is one of the major tools that are required by the concerned
business organization in order to accommodate themselves within the given market. The

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concerned organization is known to have been maintaining the diversity within the organization
in terms of the gender of the workforce that has been serving the concerned organization, the age
as well as the cultural backgrounds of the concerned organization (Hajro, Gibson and Pudelko
2017 pp. 360). The diversity within the organization is known to have been ensuring the equality
within the given organization. The employment of the women within the given organization
helps in the maintenance of the diversity within the organizational workforce as well as helps in
the improvement of the equality within the opportunities that have been extended to all the
members of the workforce of the organization. The diversity within the organization aims to deal
with the creation of the innovative ideas within the organizations. The diversity within the given
organization helps in the improvisation within the matters that are related to the talent pool that is
presented within the organization (Ntim 2015 pp. 117). The diversity within the organization
also helps in the discussion regarding the experiences of the concerned employees in the given
course of their service to the given company.
The literature on the recruitment methods that are generally followed by the major
business organization reveal that the majority of the concerned organizations tend to recruit the
members serving at the higher levels of the hierarchy within the concerned organization from a
smaller group of employees who might under take the responsibilities in a proper manner. The
major factor that poses to be a constraint in this issue is the factor that is related to the limitations
that are present in the recruitment pool within the given organization (Abzug 2017). The
limitation of the employees and the talent pool does not provide the employers of the
organization the wider talent base that might contain people who are best suited for the given
job-role. The diversity within the organization also helps in the discussion regarding the
experiences of the concerned employees in the given course of their service to the given

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company (Marsden 2017 pp 114). The diversity within an organization aims to deal with the
issues that are related to the putting together of the issues that were related to the bringing
together of the various individuals who have been serving the concerned organization. The
diversity within the organization is known to have been ensuring the equality within the given
organization (Rudolph, Toomey and Baltes 2017 pp 621). The diversity within the given
organization helps in the improvisation within the matters that are related to the talent pool that is
presented within the organization.
The issues that are presented within the five different articles are all related to the issues
that bear relevance to the corporate governance issues faced by the concerned employees within
the organization. The concerned employees might also face issues that are related to the
recruitment of the employees from within the existing talent pool within the company. The given
articles also discuss the failure of the CEO or the chief executive officer to depict the conditions
that almost demands on a stepping down of the CEO of the organization. The other major issue
that has been discussed within the given article is the remuneration that ids extended to the
concerned employees. The article further suggests that the majority of the directors within the
company are known to have been responsible for the actions taken by the board of directors at a
number of companies at the same time (Greber 2018). The article reveals the fact that the people
who are chosen to replace the highest hierarchical posts within the company are known to be
selected from a limited number of participants. The concerned organizational managements
generally do not aim to recruit the employees in the higher levels of the management in the from
an external talent pool (Pahos and Galanaki 2018). The article aims to discuss the lack of the
diversity within the management of the concerned company. The other issue that is faced by the
concerned employees of the organization is the choice of the board members of the company on

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the basis of the experience that has been gathered by the concerned stakeholders of the company
as compared to the employment of the independent directors within the given issue (Frost 2018).
The corporate governance in Australia and New Zealand might be improved with the
help of the implementation of the following recommended measures. In order to overcome the
above-mentioned issues, the business organization must in the first place open to the idea of
diversification and the implementation of the same within the given company. The concerned
organization is known to have been maintaining the diversity within the organization in terms of
the gender of the workforce that has been serving the concerned organization, the age as well as
the cultural backgrounds of the concerned organization. The diversity within the organization is
known to have been ensuring the equality within the given organization. In order to deal with the
recruitment from the external talent pool present in the given market, the concerned company
mighty be advised to implement the recruitment strategies that involve the connection to the
broader base of the potential employees who might help in the improvement of the overall
performance of the company. This in turn would help the business organization in the generation
of novel products and ideas that might be helpful for the competitive market of the present days.
The organizations might also be advised to deal with the proper remunerational structure as well
as provide the employees with an amount that suffices for the service that they have been
extending towards the organization.
Thus, from the above discussion it might be inferred that the organization in discussion
should impose the recommended measures that are mentioned above in order to deal with the
issues that arise within the organization. The recruitment of the employees from within the
present organizational workforce aims to restrict the diversity within the given organization. The

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diversity within the organization aims to deal with the creation of the innovative ideas within the
organizations.

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References
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