Evidence shows that today’s most successful enterprises are those that bring diverse perspectives and experiences to organizational challenges. Indeed, organizations with a greater share of women on their boards tend to have higher operating margins, return on equity, and total return to shareholders.
The fact is that deep rooted institutional obstacles are a major barrier keeping women from obtaining and securing the most powerful, prestigious, and highest-grossing jobs, whether in the private or public sector, regardless of qualifications or achievements. Undoubtedly, these issues need to be addressed more urgently.
While creating the conditions to unlock the full potential of women in Africa may be complex and multifaceted, there is much that can be done - in the immediacy - to increase the number of women on corporate boards in Africa, in recognition of the role women play in sustainable growth.