Yes, equity refers to shares, but there are two definitions to equity. This image I found that was originally posted by the City of Portland, Oregon, Office of Equity and Human Rights describes it well.
Human Resources and Social Development Canada, Cat. No.: HS24-91/2011 E-PDF, ISBN: 978-1-100-19565-0 states "Myth: Employment Equity means treating everyone equally. Reality Employment Equity means treating everyone with fairness, taking into account people’s differences.Sometimes Employment Equity means treating people equally despite their differences. Sometimes it means treating them as equals by accommodating their differences."
This picture explains it beautifully ⬇️
Human Resources and Social Development Canada, Cat. No.: HS24-91/2011 E-PDF, ISBN: 978-1-100-19565-0 states "Myth: Employment Equity means treating everyone equally. Reality Employment Equity means treating everyone with fairness, taking into account people’s differences.Sometimes Employment Equity means treating people equally despite their differences. Sometimes it means treating them as equals by accommodating their differences."
This picture explains it beautifully ⬇️
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