Reasons for Appointing Women to Boardrooms: A Business Analysis

This assignment explores the arguments for and against appointing women to boardrooms, focusing on gender equality. It examines the lack of knowledge of the corporate world, increased organizational effectiveness, and effective administrative skills. The assignment also delves into career prospects, especially in accounting, and the internal and external factors influencing career choices, such as family influence, personal interests, and digital advancements. It highlights the impact of these factors on individual decisions and emphasizes the role of career planning and guidance in shaping career paths. The importance of diversity and its positive effects on business performance are also discussed, along with the influence of government policies and technological advancements.

316724
Understanding Business -
Question 2:
Discuss three reasons why women should be appointed or not to
boardrooms for gender equality reasons.
Question 4:
Briefly describe your ideal career in a given industry and explain
the internal and external factors that could affect your chosen
career path.
Word Count:
Page | 1

316724
Page | 2

316724
Q.2
Earlier the women were not allowed to work, but due to change in trends and low family
income women are given permission to do the job. But at the workplace also they were
not allowed to take participate in the top level decisions making and still the situation is
same. In present scenario, men are provided with more working opportunities as
compared to women in terms of access to education, political representation etc. Many
of the organisations are employing diverse workforce in order to gain competitive
advantage in the market. In towards dynamic corporate world, Gender diversity has
direct as well as significant effect on the business. The essay will analyse three reasons
for the argument for and against the importance of appointing women at top level
management in an organisation. The three reasons could be identified as lack of
knowledge of the corporate world, increase effectiveness of an organisation and women
have effective administrative skills.
Female under- representation has become the major issues which is presently
highlighted in news. The various arguments related to the topic whether women should
be appointed to the board or not are taking place. Some authors are stating that women
should not be appointed at to board room as women does not have much knowledge
about the corporate world and this might have effect on company business performance
(Adams and Ferreira, 2009.). Whereas, few scholars have stated that there are many
Page | 3

316724
reasons for which women should be appointed to the board. One of the biggest reason
is that if women are appointed at the top level of management decisions then they can
help in increasing effectiveness of business (Ajide, 2014). Other reason is that as
compared to males, women make decisions considering the interest of company as well
as all stakeholders. The third more crucial reason for appointing women to the board is
that they have effective administrative skills. In addition to this, women also have
innovation skills.
Gender inequality at workplace is considered to be as the major cause of appointing the
women to the boardroom in an organisation. The other major cause in change in global
trends in boardroom. One of the biggest cause in the various policies implemented by
the government in the country. Consequently, appointing women to the boardroom will
help an enterprise in promoting diversity which is very much crucial in order to reducing
employee turnover rate. Strategy of promoting diversity by appointing women to board
room will help manager in developing an effective culture at workplace which is very
much important in order to drive firm towards success. Increase in effectiveness of
organisation, improved business performance and reduce in production costs are few
effects of appointing women to board. Appointing and employing women to the
boardroom will help in bridging the gender gap (Aliyu, 2012). This strategy will assist an
enterprise in providing an appropriate response to changes in trends. It will also help in
improving business performance. Changes in the government policies has encouraged
companies to appoint women to the boardroom. The effect of this action by government
is that there has been tremendous in increase in number of females at top level of
management in an organisation.
Page | 4

316724
It has been concluded that appointing women to board can be helpful in increasing
effectiveness of an organisation. The thing which has been concluded is that employing
women to boardroom can be a good strategy in order to promote diversity. It has been
concluded that gender inequality is considered to be as an important cause of
appointing the women to the board room.
Reference List
Arthur, M.B. and Rousseau, D.M., 2018. The Boundaryless Career: A New
Employment Principle for a New Global Organizational Era. Oxford University
Press, New York, NY.
Arthur, M.B., Inkson, K. and Pringle, J.K., 2014. The New Careers: Individual Action
and Economic Change, Sage Publications, London.
Baruch, Y., 2016. “Career development in organizations and beyond: balancing
traditional and contemporary viewpoints”, Human Resource Management Review,
Vol. 16 No. 2, pp. 125‐38.
Page | 5

316724
Q.4
Career prospects typically relate to a broader range of work opportunities than do job
prospects. It is expected that the core career anchor of an individual will emerge more
strongly over time. An individual decision related to the selection of accounting as a
career path can be influenced by internal as well as external factors. The changes in
internal as well as external factors can have direct as well as significant on individual
decision related to the choice of accounting as a career. The influence of changes in
internal and external factors on accounting as a career.
MAIN BODY
CAUSES: The major cause of selecting accounting as a career is high scope of career
growth. Few variables which might affect choice of an individual related to selection of
particular career include family influence, personal interest, etc. A person might get
influence by parents, family members. In addition to this, some other external factors
might include change in educational patterns, scope of career growth, salary or wages
etc. have great influence on an individual decision related to selection of accounting as
a career. Few internal factors such as personality, interest of an individual, experiences,
behaviour towards specific subject etc. Achievement in particular field such as good
grades in accounting subject can encourage an individual to select accounting as a
career. In addition to this, other factors which might encourage or discourage an
individual from selecting the specific career path include chances of employment as well
as other opportunities which an individual can get by engaging themselves in particular
Page | 6

316724
field. In addition to this an individual perception related to accounting as career can
highly influence their decision related to selection of particular field. In addition to this,
digitalisation is another important factors which has effect on the job in accounting field
(Arthur, Inkson and Pringle, 2014).
Lack of knowledge as well as availability of information related to particular field
can have negative impact on individual decision related to selection of accounting as a
profession. Other personal factors such as knowledge, core competencies and skills
can encourage a person to select particular profession.
As a result, technological advancement has bought big transformation in
accounting as a practices as well as profession. This factor has played significant role in
development of an individual interest towards accounting profession (Baruch, 2016.).
Digital revolution in accounting has provided individual an opportunity to generate self-
awareness as well as knowledge which is required in order to deal with issues of job
displacement of accountants caused by machine learning and software robotics. An
individual may select careers that are valuable to them and for which they have
reasonable" high expectations of success.
In human resource management, career planning aims to identify needs, aspirations and
opportunities for individuals’ career and the implementation of developing human resources
programs to support that career. Career guidance provided by the human resource manager in an
organisation has great influence on individual decision related to career selection. Role of human
resource manager in an enterprise is to promote self assessment, as this will encourage
employees to identify their own skills and enables them top select the career path accordingly.
Page | 7

316724
Reality check: the employees are informed on how the company assess their skills and
knowledge and what place they took on company plans The financing systems drivers (capital
structure, financial market development incentives) proved to have a certain influence on
individual decision related to selection of accounting as a profession.
It has been concluded from the above that changes in internal as well as external factor
can have direct as well as major effect on an individual decision related to the selection
of accounting as a career field. Another thing which can be concluded from the above is
that an individual perception about the particular field as well as interest plays an
important role in encouraging person to select particular career. It has also been
concluded that digitization also has impact on accounting practices.
Page | 8

316724
REFERENCES
Books and Journals:
Adams, R.B. and Ferreira, D...2009. “Women in the boardroom and their impact on
governance”, Journal of Financial Economics, Vol. 94 No. 2, pp. 291-309.
Ajide, K.B. 2014. “Quality of governance and stock market performance: the Nigerian
experience”, Journal of Economics and Development Studies, Vol. 2 No. 2, pp.
501-522.
Aliyu, S.U.R., 2012. “Does inflation have an impact on stock returns and volatility?
Evidence from Nigeria and Ghana”, Applied Financial Economics, Vol. 22 No. 6,
pp. 427-435.
Page | 9