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More women on board

Manasa Kalouniviti
Saturday, May 20, 2017

The Fijian Holdings Ltd (FHL) group of companies has the highest rate of female participation on their boards in Fiji, says FHL Group chief executive officer Nouzab Fareed.

Mr Fareed made the comment in a press release yesterday after the appointment of three more female directors to the group of companies which brought the total number of female directors in the FHL Group to 12 out of 31.

With this number of female directors in place, the FHL Group has set a new benchmark of 31 per cent for female participation on boards.

"Gender diversity is important for good governance and the benefits of mixed gender leadership teams are well known," Mr Fareed said.

At the annual general meeting of the FHL Group shareholders in October 2016, it was announced that FHL would recruit more female independent directors to the group of companies.

On World Women's Day, FHL had announced the appointment of nine female directors to the group companies and after the recent appointment of the three, it brought the group to the landmark percentage of 31 per cent.

"A key contributor to an effective and independent board leadership is diversity of thought, which requires directors of different gender, skills, backgrounds and expertise," the FHL Group chief executive officer had stated.

He added that the FHL Group was a keen developer of gender equality and it was always something they were proud of.

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