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“Building gender equality in business” a joint event by PWN and EDHEC Diversity and Inclusion club took place on Monday, 21 March.
Amanda Noz, PWN President and Robert Baker from Potentia Talent Consulting spoke about the pertinence of advancing gender equality for businesses. The presentations were followed by a workshop for all attendees and a panel discussion, involving EDHEC’s Sandra Richez, Director, Global MBA; Julian Boucherat, Global MBA Student and Will Nowak, President, D&SI Club.
What is gender equality?
Gender Equality is defined as a fair and equitable treatment, access, opportunity and representation for individuals, regardless of gender
Did you know?
Gender balance directly influences a company’s financial performance. As such, an increase of 30% of women in C-suit lead to 15% profitability (according to Peterson Institute); and a 15% rise in gender-balanced senior management result in 18% of ROI.
Bringing to the table different innovation patterns, being resilient and agile, women bring unparallel value to businesses where they work and lead.
Alarming statistics
The Covid-19 pandemic has thrown back the progress of gender diversity quite a few years back. According to a recent OECD report, it will take 22 years for women’s participation rate in the labour force to catch up to men’s and a whopping 112 years to close the gender pay gap. This worrying data highlights the need for companies to work on and advance gender balance.
Participants were then encouraged to exchange and discuss real-life experiences they have faced and continue the conversation after the formal event to exchange ideas.