The Gender Leadership Gap: A Risk No Business Can Afford
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Guest – Ayabulela Quzu, ESG and impact analyst at Sanlam Investments.
Since the Employment Equity Act of 1998, corporate SA has made many pledges in terms of progress to parity, but when it comes to actual representation, women remain underrepresented in executive suites and boardrooms.
This is materially bad for business’ bottom-lines; McKinsey’s Diversity Matters Even More 2023 report shows companies in the bottom quartile for gender and ethnic diversity are now 66% less likely to financially outperform. Conversely, companies with progressive parity continue to outperform – as do countries. The onus isn’t just on companies to push change; it’s the responsibility of all stakeholders, including investors and asset managers.
Since the Employment Equity Act of 1998, corporate SA has made many pledges in terms of progress to parity, but when it comes to actual representation, women remain underrepresented in executive suites and boardrooms.
This is materially bad for business’ bottom-lines; McKinsey’s Diversity Matters Even More 2023 report shows companies in the bottom quartile for gender and ethnic diversity are now 66% less likely to financially outperform. Conversely, companies with progressive parity continue to outperform – as do countries. The onus isn’t just on companies to push change; it’s the responsibility of all stakeholders, including investors and asset managers.