Percentage of Women Board Directors up in 2019 | Daily News


 

Percentage of Women Board Directors up in 2019

IFC rings bell at CSE to celebrate Int’l Women’s Day
Australian High Commissioner David Holly, Deputy General Manager, MAS Holdings and Steering Committee member, Strategic Sustainability and UN Global Compact Sri Lanka Amanthi Perera, Country Manager, IFC Sri Lanka and Maldives, Amena Arif, Chairman, Sri Lanka Institute of Directors, Rasakantha Rasiah, UN Habitat Youth Advisory Board Asia-Pacific Representative Anoka Abeyrathne, UN Women Program Analyst Ramaaya Salgado and Director, Colombo Stock Exchange, Dumith Fernando

Australian High Commissioner David Holly, Deputy General Manager, MAS Holdings and Steering Committee member, Strategic Sustainability and UN Global Compact Sri Lanka Amanthi Perera, Country Manager, IFC Sri Lanka and Maldives, Amena Arif, Chairman, Sri Lanka Institute of Directors, Rasakantha Rasiah, UN Habitat Youth Advisory Board Asia-Pacific Representative Anoka Abeyrathne, UN Women Program Analyst Ramaaya Salgado and Director, Colombo Stock Exchange, Dumith Fernando

The International Finance Corporation (IFC) partnered with the Colombo Stock Exchange (CSE) to ring the opening bell for trading in celebration of the International Women’s Day 2020 on March 6 in Colombo.

The Ring the Bell for Gender Equality initiative which took place for the fifth consecutive year encourages the private sector to expand the opportunities for women as leaders, employees, entrepreneurs, and consumers to support sustainable development.

“We at CSE are encouraged to note that most of the listed companies have welcomed the participation of strong independent and qualified women on their boards in senior management and it is evident through the steady increase in the representation on boards,” said Director, CSE, Dumith Fernando.

He further said that there is a significant rise in the number of women board directors in 2019 which is 9.6% in comparison to that of 2018 which was 8.5%.

Progress has been made in empowering women in workforce which is global requirement and results have been yielded within Sri Lanka so far. Women in workforce are the least utilized economic and business resource in the country with only 34%, compared to 76% for men.

Hence active participation of women in businesses is central in commercial and community based development in order to reap exponential results.

“It is our responsibility to create an environment to involve women in business activities and enhance their leadership skills while motivating the young women who dream to become leaders of tomorrow,” he said.

Addressing the gathering Country Manager for Sri Lanka, IFC, Amena Arif said that Sri Lanka is moving towards the right direction in empowering women participation in business activities and leadership. However the pace of progress is still marginal and it needs to be accelerated to match global trends.

“When women are empowered businesses thrive and economy grows thus more opportunities should be created to take a multipronged approach to have more women in workforce while building a sustainable pipeline for more women to take on leadership roles,” she said.

Australian High Commissioner to Sri Lanka and Maldives, David Holly said that achieving gender equality and women’s economic empowerment is important for Sri Lanka in building a sustainable and high performing workforce. Hence Equality and diversity are crucial for a more inclusive and prosperous country.

The “Ring the Bell for Gender Equality” event is a partnership of IFC, Sustainable Stock Exchange (SSE) Initiative, UN Global Compact, UN Women, Women in ETFS, and the World Federation of Exchanges. This year the event is been held in over 90 stock exchanges around the globe. 


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