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FinancialNews
19-05-21
Turkey’s state bodies set plan to increase inclusion of women on boards of local companies
(MENAFN)Turkey’s state bodies, financial institutions, and professional and non-governmental organizations set a roadmap to improve the inclusion of women on the boards of local companies.
A statement by the EBRD reported that the roadmap was developed with funding from the European Bank for Reconstruction and Development (EBRD) and in partnership with the Ministry of Family and Social Services, the Capital Markets Board of Turkey, Borsa Istanbul and the International Finance Corporation, business associations, and professional women’s networks.
According to the bank, the initiative looks to ensure greater representation of women in corporate decision-making,
The statement declared that “The document links presence of women on boards to stronger corporate governance, improved financial performance and better corporate environmental and social outcomes.”
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