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17 hours ago

Women on Boards

Why does gender diversity in Boards matter?

Ooredoo Maldives currently has only one woman board member. This makes 1 of the 8. At the AGM 2020, no changes have been proposed to the board composition except appointment of the public director.

Having an effective board of directors is crucial to an organization. They have a strong impact on how an organization runs, makes decisions, and ultimately, on its success.
Therefore, bringing in diverse perspectives, backgrounds, and experiences can be key to an organization’s success. One way to do this is through gender diversity on a board. However, women only make up a small percentage of boards of directors in the Maldives.

Does it impact the bottom line? Research shows it does.
Social and ethical reasoning aside, there's a strong business justification for it.

When Fortune-500 companies were ranked by the number of women directors on their boards, those in the highest quartile reported a 42 percent greater return on sales and a 53 percent higher return on equity than the rest.

There are several reasons that companies with more diverse boards perform better. One is that diverse boards often better mirror customer and client bases. Having a diverse board can help you better understand purchasing and usage decisions. In the telecom industry for instance, potentially half the clientele is women.

The Committee for Economic Development, Washington DC, said “no company will remain competitive for long if it ignores half of its available labor pool”.

Ooredoo Maldives currently has only one woman board member. This makes 1 of the 8. At the AGM 2020, no changes have been proposed to the board composition except appointment of the public director.

In choosing a director to represent the public shareholding think about the candidate who will bring most value to the board as a whole and to you as a stakeholder. #votediversity #votefaree Women on Boards #FareeAaEku
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