There is dose of reality for male chauvinists doing everything at their disposal to frustrate the progress of women up the corporate ladder: shareholders will grill you at the end of the financial year when your organisations plummet.
This was revealed in a study released by the Association of Chartered Certified Accountants (Acca). Intruguingly, findings releaved that companies where women accounted for over 15% of senior management achieved an average return on equity of 14.7%, compared with 9.7% by companies where women accounted for fewer than 10% of senior managers. T
“Progressive” organisations excel by givin women a platform to thrive and contribute meaningfully. In contrast, “imbalanced” organisations operate in their own narrow world as the reality in the world is that women make up roughly half the population.
Underlining this fact in a statement, Acca said: “Gender diversity is not a matter that affects one organisation, but it affects the whole economy of the country. If the pool of talent is extended, then the economy stands a better chance of growing than when the pool is limited.”
The link between more gender-diverse company boards and better financial performance,
Research studies have found a link between more gender-diverse company boards and better financial performance.
Helen Brand, Acca’s chief executive: “It is clear that companies that take gender diversity seriously benefit, not because the regulators require this, but because gender diversity affects their bottom-line.[Gender] inequality is a genuine business risk and should be treated as such”.
“Gender equality in the South African business place still needs major improvements. Though they help, it is not regulations that will bring transformation, but it is organisations that understand the benefits of gender diversity that will reap the most rewards.”
