How can we get more women in the boardroom?
We have made significant strides towards gender equality in the last couple of decades.
However, despite this progress, women are underrepresented in
the higher echelons of the corporate world. According to the Deloitte Global
Boardroom Programme’s Seventh Edition of the ‘Women in the boardroom: A
global perspective’ Report, women hold an abysmal 3.6% of board chairs in
the country. Yet, more equitable representation of women on boards is
necessary to both foster gender equality as an important societal goal and also for business reasons. Research in management finds that gender-diverse
boards have a wider range of unique competencies and help firms create more novel, impactful innovations, gain better access to new markets since they better represent their stakeholders, improve governance through better
advisory quality, and improve women’s opportunities and motivations to
participate in the labour market