Equal Opportunities and the Boardroom: The Challenge of Corporatisation

The rise of corporatisation poses a new challenge for equal opportunities as women struggle to participate in corporate governance. Traditionally, the corporate model was confined to the private sector which is now strongly driven by a prevailing ideology of economic de‐regulation. A consequence of laissez faire economics is that the private sector is assuming greater responsibility for political and economic development as the state sheds power and loses its legitimacy for some functions. Market liberalism has also widened the ambit of the corporate model which is now increasingly applying to the public sector. For example, in New Zealand 56 crown companies have converted to the corporate model with compelling legislation which prioritises profitability over social responsibility (Taggart, 1993). Both private and public sector trends elevate the social and political significance of how corporates are governed and the question of women's participation in the process as directors of boards.