Opinion: Are ethnicity quotas the new gender quotas?
It has been more than two decades since Gwyneth Paltrow starred as Helen Quilley in the romcom, but 2020 has all the hallmarks of a time where our lives could have taken a very different turn.
This path we have ended up on, however, is not carved in stone. And 2020 has given us a chance to reflect and do better so when we look back on this moment, we don't have to spend it lamenting all the things that could have been different.Here is one of the changes that we can control, which has clear economic benefits for businesses and for social cohesion: Improving the representation of minorities at the highest levels in corporate Australia., found 75.
Improving this data isn't simply a case of being politically correct. There are economic arguments for businesses to ensure diverse backgrounds, viewpoints, genders and expertise are represented in the boardroom and within the ranks of senior leadership at an organisation. Ethnic background doesn't always ensure a varied perspective but, in the same way as gender and sexual orientation, it can shape the lens through which someone views the world. It isn't unreasonable to suggest a lack of diversity of any of these attributes in the boardroom strips businesses of valuable insight and experience that could lead to better financial outcomes.
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