Corporate Protection is led by a small group of senior executives including two Executive Directors. The SLT was recently expanded with the promotion of Jenifer Hasbun to the position of General Manager – Shared Services and Laura Bowart General Manager – Operations.
These two positions are critical to the success of the company and the promotions recognise the outstanding contributions that both Laura and Jenifer have made to the company, as well as their exceptional technical and management expertise.
Increasing our SLT gender diversity is likely to have additional and perhaps unforeseen benefits for the company.
We thought we would share some of the latest relevant research and other publications on diversity and inclusion.
McKinsey and Co
We found that having gender diversity on executive teams, specifically, to be consistently positively correlated with higher profitability across geographies in our data set, underpinning the role that executive teams—where the bulk of strategic and operational decisions are made—play in the financial performance of a company.
Australian companies lead the way when it comes to the women’s share of executive roles (21 percent).
Companies have increasingly begun to regard inclusion and diversity as a source of competitive advantage, and specifically as a key enabler of growth.
Harvard Business Review – Adding Women to the C-Suite Changes How Companies Think
It’s well known that firms with greater gender diversity among senior leadership perform better.
Research has shown that firms with more women in senior positions are more profitable, more socially responsible, and provide safer, higher-quality customer experiences — among many other benefits.
When women are appointed to the C-suite, they catalyse fundamental shifts in the top management team’s risk tolerance, openness to change, and focus on M&As versus R&D.
Companies in the top quartile for gender diversity on executive teams were 25% more likely to have above-average profitability than companies in the bottom