Home Australian Governance Summit 2019 Why diversity creates a more successful company

Why diversity creates a more successful company

"Gathering a diverse group of people brings in diverse thinking"

Senior Digital Journalist, Your Money

Cultural diversity can help to make a company more financially successful, but Australian companies aren’t doing enough to bridge the gap.

That’s the view of Shirley Chowdhary, chief executive of the not-for-profit Go Foundation, who spoke to Your Money contributor Helen Dalley on the sidelines of the Australian Governance Summit 2019, hosted by the Australian Institute of Company Directors (AICD).

“It’s gathering a diverse group of people within your organisation that brings in diverse thinking, brings in a broad perspective. And I think organisations that operate with that broad perspective at their base are doing better,” Chowdhary said.

The Go Foundation works to create more opportunities for Indigenous students by offering scholarships from kindergarten through to university.

But Chowdhary believes the most important work it does is at the corporate level to make workplaces “culturally safe” and “inclusive” for new graduates.

“There’s no point getting students through higher education if there’s nowhere for them to go when they finish.”

“We think we can create places where our students and other Indigenous Australians can take their authentic selves to work every day. So reconciliation action plans aren’t a document that belong in the bottom draw… they’re actually living breathing documents that are embedded at every level of the organisation.”

Watch the interview in the video above.

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