This morning, I attended the Bell Ringing at the Australian Stock Exchange (ASX). This was part of a worldwide event, with the ASX being one of 43 stock exchanges around the world to “Ring the Bell for Gender Equality” to celebrate International Women’s Day.
I was privileged to hear from a panel of industry leaders from the financial sector, who spoke about their experiences in championing gender equality and the challenges that remain. A key takeout from the discussion for me was that although there is clear evidence that women bring a very different (and valuable) perspective to issues such as risk management in particular, our organisations need to adapt their structures and process to allow women to solve issues differently, and that organisations need to start valuing people’s contribution to culture and behaviour to ensure that very high “performers” who may have a detrimental impact on culture are not perversely incentivised.
The bell ringing events are a partnership between Women in ETFs, UN Global Compact, UN Women, Sustainable Stock Exchanges (SSE) Initiative, IFC, and the World Federation of Stock Exchanges, and aim to raise awareness about the business case for women’s economic empowerment and the opportunities for the private sector to advance gender equality and sustainable development.