Gender Quotas and the Banking Royal Commission
The distribution of women and men in executive positions in the Banking Industry is unequal, as with many high earning positions. The recent Banking Royal Commission has uncovered dirt from major banks; speculation says women are the source of the problem. As quoted in an Australian Newspaper article a previous board member for a logistics company, Chris Corrigan, stated that the AMP board executive Catherine Brenner (who resigned) was only in that position due to her gender, implying that her company’s mistake was entirely hers. Essentially, recent revelations have pointed the finger at gender quotas (ensuring that executive positions are to have a certain percentage of women) and the women who are elected into these positions are underqualified. This sort of misinformation has a detrimental effect on all industries in terms of promoting women. Simply, gender quotas are a target distribution of all genders for a certain workplace or position. Gender quotas (also all othe...