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E MPOWERING W OMEN – A R OADMAP TO A S USTAINABLE F UTURE Mrs. Bola Adesola Managing Director/CEO Standard Chartered Bank, Nigeria.

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Presentation on theme: "E MPOWERING W OMEN – A R OADMAP TO A S USTAINABLE F UTURE Mrs. Bola Adesola Managing Director/CEO Standard Chartered Bank, Nigeria."— Presentation transcript:

1 E MPOWERING W OMEN – A R OADMAP TO A S USTAINABLE F UTURE Mrs. Bola Adesola Managing Director/CEO Standard Chartered Bank, Nigeria

2 SECTION 1:Paradigm shift towards a diversified and inclusive workplace / society SECTION 2:Nigeria – an on-going commitment SECTION 3:Standard Chartered Bank – Here for good C ONTENTS 2

3 C HANGING P ARADIGM ON G ENDER D IVERSITY 3 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 G LOBAL I MPERATIVE 93 rd out of 135 countries in terms of womens economic participation and opportunity 120 th 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. 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)

5 A N ON - GOING COMMITMENT 5

6 G OVERNMENT A GENCIES... NGO S … P RIVATE S ECTOR 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 Womens Economic Empowerment. Public Private (Sector) Partnership (PPP) 6

7 S UB -C OMMITTEE ON W OMEN S E CONOMIC E MPOWERMENT

8 C ONTD … S UB -C OMMITTEE ON W OMEN S E CONOMIC E MPOWERMENT Sub-Committees 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 10 D IVERSITY AND I SCB Female different levels Across the Group 46% of the total banks employee 21% at senior management level Female CEOs in 5 markets (Thailand, Lebanon, Brunei, Nigeria and Zambia) Nigerian franchise (SCBN) 40% of the Banks employees 36% at Board and Senior Management levels 35% at Middle Management level 43% at Lower Management level

11 I NCREASING THE PRESENCE OF WOMEN IN LEADERSHIP ROLES 11 Women in Leadership Program (WLP). Global Mentoring Program (GMP). Suite of flexible working arrangements. Online Parenting Resource Centre for women.

12 P ROVIDING FEMALE ENTREPRENEURS WITH SIMPLE SOLUTIONS 12 DIVA Club Account. Orjon Business Installment Loan. Bundled Business Installment Loan. All Womens Branches. Business Resource Centre.

13 E XPANDING RELATIONSHIPS FOR FEMALE ENTREPRENEURS 13 Women Can and Do awareness campaign. Roundtable events targeted at women entrepreneurs. Support a Woman Entrepreneur Initiative.

14 M AKING FEMALE ENTREPRENEURS FINANCIALLY SAVVY 14 The Clinton Global Initiative. Business Resource Centre. Business Call to Action.

15 T HANK Y OU 15


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