EMPOWERING WOMEN – A
ROADMAP TO A SUSTAINABLE
Mrs. Bola Adesola
Standard Chartered Bank, Nigeria
Paradigm shift towards a diversified and inclusive workplace / society
Nigeria – an on-going commitment
Standard Chartered Bank – Here for good
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%
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
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
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.
GOVERNMENT AGENCIES... NGOS … PRIVATE SECTOR
Federal Ministry of Women Affairs and Social
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
Public Private (Sector) Partnership (PPP)
SUB-COMMITTEE ON WOMEN’S ECONOMIC
CONTD… SUB-COMMITTEE ON WOMEN’S
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
Facilitated the compulsory disclosure of workplace gender diversity in banks’
WIP on Credit Guideline for SME Fund targeted at Women Owned Businesses.
DIVERSITY AND INCLUSION @ SCB
Female Participant @ different levels
46% of the total bank’s employee
Across the Group
21% at senior management level
Female CEOs in 5 markets (Thailand, Lebanon, Brunei, Nigeria and
40% of the Bank’s employees
36% at Board and Senior Management levels
35% at Middle Management level
43% at Lower Management level
INCREASING THE PRESENCE OF WOMEN IN LEADERSHIP
Women in Leadership Program (WLP).
Global Mentoring Program (GMP).
Suite of flexible working arrangements.
Online Parenting Resource Centre for
PROVIDING FEMALE ENTREPRENEURS WITH SIMPLE
DIVA Club Account.
Orjon Business Installment Loan.
Bundled Business Installment Loan.
All Women’s Branches.
Business Resource Centre.
EXPANDING RELATIONSHIPS FOR FEMALE ENTREPRENEURS
“Women Can and Do “awareness campaign.
Roundtable events targeted at women entrepreneurs.
“Support a Woman Entrepreneur Initiative”.
MAKING FEMALE ENTREPRENEURS FINANCIALLY SAVVY
“The Clinton Global Initiative”.
Business Resource Centre.
Business Call to Action.