04:05 Issue 5

GLOBAL PAYROLL MAGAZINE

19

Laws and Regulations Supporting Pay Equity In today’s world, many organisations around the globe are making DEI initiatives a priority. However, the legislative contexts and DEI efforts differ between countries. It is interesting to note that, though some countries do not have established regulatory frameworks, the practise of DEI is encouraged in several stipulations. For instance, Singapore does not have a regulatory framework targeting DEI issues, but

the Singapore Exchange (SGX) has listed D&I stipulations that direct the maintenance of a board diversity policy addressing gender, skills and experience, and any other relevant aspects of diversity. The same EDGE report reveals that countries such as France, Germany, Austria, and Belgium prohibit the collection of personal data on race and ethnicity. In contrast, countries such as the UK, US, and Australia permit employers to gather such information.

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