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Running head: FINANCIAL QUESTIONS
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Financial Questions
Name
Course
Professor
Date
FINANCIAL QUESTIONS
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Question one
Underrepresentation of women in leadership
I passionately believe that in the US, women are still heavily underrepresented in
corporate leadership positions in the US. From the recent report given by the CWDI, the
percentage of women directors has merely increased by 0.5% within the past 14 years which
has amounted to about 26.3% in last year. If this rate stays the same every year, then it might
take almost half a century to gain gender parity in the US corporate boards. This is also
evident from the fact that over the previous year, there have been many firsts in the fortune
500. The first Latina CEO, the first well known lesbian CEO and the first Black female CEO
of the NBA franchise. Also, despite the various women leadership, there haven't been a lot of
good-byes in their leadership positions. Good examples can be extracted from Margo
Georgiadis of Mattel, Indra Nooyi of Pepsi, Irene Rosenfeld of Mondelez and Denise
Morrison of Campbell Soup Company who was dropped from the top spot of their respective
companies and replaced by men. Additionally, the data collected by Catalyst, from 2009 to
date, shows that men have replaced just three females after leaving their top spot positions
(Carter and Peters, 2016). Besides, only 22 women CEO are available in the fortune 500
indexes, and there is no black woman amongst them.
FINANCIAL QUESTIONS
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CA Senate Bill number 826
FINANCIAL QUESTIONS
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CA Senate Bill number 826 is the proposed law that addresses the lack of female
representatives on the board of directors within various companies in the US. The bill was
introduced on the consideration that one-fourth of the public companies in California only
have male directors. The Bill was signed on 30th September 2018 by the Californian
Governor Jerry Brown, as a pioneering law that would mandate the headquarters of each
publicly held company in California to have at least woman on its board of directors. The law
purposely was to address the insufficiency of female representation on the board of directors
within the Californian companies.
Gender Quotas
Gender quotas are real measurement instruments which target at enhancing the
development of gender-balanced representation and participation by creating an elaborated
proportion or number of seats to be allocated to men and women under specific criteria. Some
of the pluses on gender quotas are that it creates the most effective technique of gaining a
better gender balance. The quotas also give a chance to voters so that they can be able to elect
men and women rather than the limit on the freedom of choice. On the other side, the quotas
come with the certain disadvantages one being they can distort the representation idea and
work against women. Also, the women elected by legal quotas tend to be less respected and
have less power which makes most women fear being elected through quotas.
Drop in stock prices
Various studies have shown that companies having a high number of females on its
board of directors tend to have high metrics like return on investment, return on equity and
return on sales. Though, looking specifically at the impact of having women at corporate
directorships tells that the performance in stocks tends to worsen immediately when there is
an increase in gender diversity in the company. As discussed by a group of researchers
spearheaded by Fran Dobbin, a Harvard sociologist, the cause of this reduction in the stock
FINANCIAL QUESTIONS
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prices is due to an adverse effect on stock-prices and bias from the investors (Adams and
Ferreira, 2009). These gender biases affect stock prices.
The purpose and function of the Corporate Women group
CWDI group is a project of the global summit of...