Discuss the potential and actual benefits of boardroom diversity in Essay - 1

Discuss the potential and actual benefits of boardroom diversity in publicly listed companies - Essay Example The people from different countries have variuos technical and social skills that are unique to the individuals that can help in coming up with new ideas that facilitate the growth of the Puplic listed companies. Mallin (2013) stated that having people from different countries benefit the company in the following ways: Public companies with people from diverse cultures enable people from different countries to associate themselves with the company hence reducing the chances for discrimination. The people who work in the companies generate to the growth of the business with their skills hence they are appreciated for the work they do and not about the race or ethnicity they orinate from. There are wide ranges of perspectives on challenges and issues brought about by a multicultural workforce. Spira (2002) stated that individuals from variuos backgrounds incorporate their own exclusive cultural experiences to the tough situations they encounter in their Limited companies and their wider perspective of standpoints tend to allow them to be at a better position to come up with ultimate resolutions. This a benefit to the company as they are able to solve problems that come up during the operations of the company without involving external sources hence saving the costs involved in solving the issues. Martin (2006) stated that companies that employ individuals from diverse backgrounds provide the a wider coverage in the global market place. For instance,when a company is located in different countries,they are able to allocate the employess who are familiar with the citizens in that particular counrty hence enabling the customers to associate with the people that they understand better interms of language and other factors such as culture. Arun and Turner (2009) stated that the ability to speak and write accurately in different languages enables the employees