SECP Measures Gender Diversity On Boards, Business Leadership In Pakistan
Muhammad Irfan Published October 29, 2020 | 08:44 PM
In a Webinar organized by the Pakistan Institute of Corporate Governance (PICG) and the Center of Excellence in Responsible Business (CERB), Securities and Exchange Commission of Pakistan (SECP) Commissioner, Sadia Khan, presented the latest data from Pakistan on women on boards and in business leadership
ISLAMABAD, (UrduPoint / Pakistan Point News - 29th Oct, 2020 ) :In a Webinar organized by the Pakistan Institute of Corporate Governance (PICG) and the Center of Excellence in Responsible Business (CERB), Securities and Exchange Commission of Pakistan (SECP) Commissioner, Sadia Khan, presented the latest data from Pakistan on women on boards and in business leadership.
According to the press release, the data was compiled by a joint team from SECP and pakistan stock exchange (psx), in order to gain valuable insights into the impact of the regulatory changes brought about in 2017 which made the presence of at least one female director on the boards of listed companies mandatory.
The results show a meaningful increase in the number of women directors in listed companies, from 9% in 2015 to 12% in 2019.
During the same period, number of companies with female directors increased from 30% to 56%. The proportionate representation of independent female directors has also increased from 6.
7% to 14.6%.
The number of female chairpersons has also increased by 50% during the same period.
The sectors with the highest number of women on their boards in 2019 include the Textile and Manufacturing sectors. However, representation still remains low compared with global statistics which show women as holding almost 17% of the board seats worldwide.
The study also measured the financial impact of having greater gender diversity on the boards of companies using the return on assets (ROA) and return on equity (ROE) values of companies with and without women.
The results here also show some correlation between gender diversity and average financial performance.
The participants of the webinar appreciated the initiative taken by SECP to collect and share this data since subsequent changes in regulations can be facilitated by these data-driven decisions.
Related Topics
Recent Stories
By-election for PP-93 Bhakkar on April 21
Lok Virsa starts E-ticketing for its valued customers
06 illegal arm holders held
Police crackdown on criminals, arrests wanted accused
DC visits examination center
Palestinian ambassador calls on PPP Chairman
Old Enmity: Man shot dead
Anti-polio drive to start from April 29
SSP Investigation conducted Khuli Katchery at Murree Police Station
Record-setting Duplantis lights up Xiamen, Richardson upset
Search operation conducted in Abid Majeed Road, Gulzar-e-Quaid areas
CM message on 'World Creativity and Innovation Day'
More Stories From Business
-
Finance minister briefs financial institutions on govt's economic reform initiatives
1 hour ago -
RoboTec 24 kicked off in Mechatronics Department Hayatabad
3 hours ago -
Federal Minister for Finance and Revenue Muhammad Aurangzeb conveys condolences over recent terrori ..
3 hours ago -
Finance minister optimistic about larger bailout program from IMF
3 hours ago -
Food minister checks restaurants, food points, imposes heavy fines over violations
4 hours ago -
NPO's four day wksp on gemstones to hold in Islamabad by
5 hours ago
-
‘Socio-Economically, Bicycle Day’ a productive activity for human life: Ambassador Agnes
5 hours ago -
Gold rates up by Rs.1,500 per tola to Rs.252,200
6 hours ago -
Pakistan requesting multi-billion-dollar loan programme from IMF: Finance Minister
6 hours ago -
LCCI for joint efforts to promote Pak-Afghan trade
7 hours ago -
China's cross-border e-commerce trade up 9.6 pct in Q1
3 hours ago -
Govt bringing reforms in energy, revenue collection, SOEs: Aurangzeb
9 hours ago