EMPOWERING WOMEN – A
ROADMAP TO A SUSTAINABLE
FUTURE
Mrs. Bola Adesola
Managing Director/CEO
Standard Chartered Bank, Nigeria
CONTENTS
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
2
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%
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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
Governance)




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
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.
AN ON-GOING
COMMITMENT
5
GOVERNMENT AGENCIES... NGOS … PRIVATE SECTOR
 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 Women’s Economic
Empowerment.
 Public Private (Sector) Partnership (PPP)
6
SUB-COMMITTEE ON WOMEN’S ECONOMIC
EMPOWERMENT
CONTD… SUB-COMMITTEE ON WOMEN’S
ECONOMIC EMPOWERMENT
Sub-Committee’s 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
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
Zambia)
Nigerian franchise
(SCBN)
40% of the Bank’s employees
36% at Board and Senior Management levels
35% at Middle Management level
43% at Lower Management level
10
INCREASING THE PRESENCE OF WOMEN IN LEADERSHIP
ROLES
 Women in Leadership Program (WLP).
 Global Mentoring Program (GMP).
 Suite of flexible working arrangements.
 Online Parenting Resource Centre for
women.
11
PROVIDING FEMALE ENTREPRENEURS WITH SIMPLE
SOLUTIONS
 DIVA Club Account.
 Orjon Business Installment Loan.
 Bundled Business Installment Loan.
 All Women’s Branches.
 Business Resource Centre.
12
EXPANDING RELATIONSHIPS FOR FEMALE ENTREPRENEURS
 “Women Can and Do “awareness campaign.
 Roundtable events targeted at women entrepreneurs.
 “Support a Woman Entrepreneur Initiative”.
13
MAKING FEMALE ENTREPRENEURS FINANCIALLY SAVVY
 “The Clinton Global Initiative”.
 Business Resource Centre.
 Business Call to Action.
14
THANK YOU
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