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Empowering Women – A Roadmap to a Sustainable Future

Empowering Women – A Roadmap to a Sustainable Future. Mrs. Bola Adesola Managing Director/CEO Standard Chartered Bank, Nigeria. Contents. Changing Paradigm on Gender Diversity. Optimizing board effectiveness with gender diversity is increasingly becoming popular among top corporates .

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Empowering Women – A Roadmap to a Sustainable Future

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  1. Empowering Women – A Roadmap to a Sustainable Future Mrs. Bola Adesola Managing Director/CEO Standard Chartered Bank, Nigeria

  2. Contents

  3. Changing Paradigm on Gender Diversity • Optimizing board effectiveness with gender diversity is increasingly becoming popular among top corporates. • Empowering women benefits future generations. • Investing in women makes business sense – workplace/entrepreneurs • Economic growth is positively correlated with gender equality. • Mirroring the market for expansion and the creation of new markets - Female to Male Ratio – 49.7%: 50.3%

  4. A Global Imperative • 12.5% of the members on FTSE 100 boards are women (Lord Davies‘ Report 2011 “Women on Board”) • 15.7% of members on Fortune 500 boards are women (Women in the Board Report by Deloitte Global Centre for Corporate Governance) • 93rd out of 135 countries in terms of women’s economic participation and opportunity • 120th overall in terms of all sub-indices – 2011 Global Gender Gap Report by WEF • Of the 190 companies listed on the NSE, 8.4% of EDs are females, 7% of Directors are females. • Most progressive is the banking industry: 41% of industry workforce; 15% on the board; 27% on the senior mgt level and 41% on the other levels.

  5. An on-going commitment 5

  6. Government Agencies... NGOs … Private Sector • Federal Ministry of Women Affairs and Social Development. • State Commissioners for Women Affairs. • Millennium Development Goal (MDGs) – Nigeria. • National Council of Women Society (NCWS). • Women Corporate Directors (WCD). • Women in Management and Business (WIMBIZ). • Sub-Committee on Women’s Economic Empowerment. • Public Private (Sector) Partnership (PPP) 6

  7. Sub-Committee on Women’s Economic Empowerment

  8. Contd… Sub-Committee on Women’s Economic Empowerment • Sub-Committee’s achievements… • Collated and presented findings of the industry wide gender diversity data. • Adoption by banks of a sample diversity policy framework to be adopted by all banks. • Facilitated the compulsory disclosure of workplace gender diversity in banks’ annual report. • WIP on Credit Guideline for SME Fund targeted at Women Owned Businesses. 8

  9. 9

  10. Diversity and Inclusion @ SCB 10

  11. Increasing the presence of women in leadership roles • Women in Leadership Program (WLP). • Global Mentoring Program (GMP). • Suite of flexible working arrangements. • Online Parenting Resource Centre for women. 11

  12. Providing female entrepreneurs with simple solutions • DIVA Club Account. • Orjon Business Installment Loan. • Bundled Business Installment Loan. • All Women’s Branches. • Business Resource Centre. 12

  13. Expanding relationships for female entrepreneurs • “Women Can and Do “awareness campaign. • Roundtable events targeted at women entrepreneurs. • “Support a Woman Entrepreneur Initiative”. 13

  14. Making female entrepreneurs financially savvy • “The Clinton Global Initiative”. • Business Resource Centre. • Business Call to Action. 14

  15. Thank You 15

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