(MENAFN- Jordan News Agency) Amman Dec. 17 (Petra) -- A new report from IFC a member of the World Bank Group and Jordan's Institute of Directors (JIOD) affirmed that by elevating more women to senior management positions local companies could dramatically improve their performance.
Although women represent 16 percent of the labor force in Jordan they hold only 6 percent of board positions according to the report Impact of Gender Diversity on the Economic Performance of Companies according to press release issued on Thursday by the IFC. The study which examined the boards of nearly 1200 publicly listed and private shareholding companies found that those with a strong female presence on their boards tended to outperform those without the IFC said.
The report highlighted the impact of gender diversity on the economic performance of companies in Jordan and discussed the challenges facing women in reaching decision-making positions. It also included recommendations for ways to overcome those challenges.
The report found that companies with women in the boardroom got a better return on assets (ROA) and return on equity than firms without female leaders.
The report is part of a wider IFC effort to support private sector development in Jordan and boost economic growth. It is supported by the Canadian Department of Foreign Affairs Trade and Development the Danish International Development Agency Japan Switzerland's State Secretariat for Economic Affairs and UKaid.
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