Thursday, January 19, 2017

Closing the Gender Gap through Quotas and Technology - EXCHANGE

Originally published: January 19 2017

Increasing the number of women represented in the board room and other parts of a company can be achieved through gender quotas and programmes; Data can identify gender problems within a company or organization and be an impetus for changing policies; Gender equality is not just a women’s issue; men need to be part of the discussion

Davos-Klosters, Switzerland – “In the last few years, progress has slowed down,” said Christine Lagarde, Managing Director, International Monetary Fund (IMF), Washington DC, adding that gender inequality is not conducive to good inclusive economic growth. According to the Forum’s Global Gender Gap Report 2016, the slowdown is partly due to chronic imbalances in salaries and labour force participation.

Isabel de Saint Malo de Alvarado, Vice-President and Minister of Foreign Affairs of Panama, said that women should have the opportunity to be in positions based on merit and not quotas, but admitted that it may take quotas to change the situation. “I don’t think it will happen unless there are quotas,” she said. Lagarde added that gender quotas are in place at the International Monetary Fund (IMF).