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SPSE event showcased at Nasdaq Tower

 

Mar 15, 2019 04:08:39 PM

SPSE event showcased at Nasdaq Tower As part of a global initiative and to honour and commemorate the 2019 International Women’s Day, the South Pacific Stock Exchange (SPSE) and Nasdaq collaborated to publish a celebratory message on the Nasdaq Market Site Tower based in Times Square, New York City, USA.

This was after SPSE celebrated the event by ringing its opening trading bell followed by a panel discussion on the topic “Challenges and Opportunities for Women in Leadership roles in Fiji and the Pacific”.

The panel discussion was led by Minister for Industry, Trade and Tourism,  Premila Kumar and other members of the panel were; Ms Seema Shandil- CEO for Consumer Council of Fiji, Ms Kalpana Lal-Head of Finance for GIZ, Ms Sarah Jane Wild- Head of Pacific Operations for Tower Insurance Limited and was moderated by Dr Nur Bano Ali, Chairperson of SPSE.

Commenting on this momentous recognition, SPSE Chief Executive Officer, Ms Krishika Narayan said this is a great achievement for a developing stock exchange such as ours which is nestled in this part of the world and thus is often not recognised amongst the bigger players such as the Australian Securities Exchange and New Zealand Stock Exchange present within the Pacific.

She said with SPSE and Fiji being announced as the host sponsor for the 2020 World Exchange Congress, this acknowledgment truly enhances SPSE’s vision to be internationally recognised and to maintain international reputation as the preferred securities exchange in the South Pacific.

“Women representation and participation at decision making level is equally important and many accepted historical assumptions contributing to gender disparity must be questioned.”

“These thoughts certainly require intervention so that, amongst continuing day to day operations, focus from businesses can also be placed on promoting gender equality.”

“It is exhausting to note that women representation on SPSE listed company boards stands at 16.96% only (i.e. 19 out of a total of 112 directors are females), which should ring an alarm amongst our business leaders that current actions taken by them to promote gender parity is not sufficient”.

“SPSE as an institution is extremely proud of its achievements and has maintained a progressive approach under the agenda of gender equality as 78% of its current employees are females.”

She added that the Exchange currently has and in the past has had female CEOs and that the current SPSE board comprises of 50% women which is led by the only female Chairperson in Fiji’s private sector, Dr Nur Bano Ali.

The official ringing of the stock market’s trading bell was jointly done on 8th March, 2019 by Minister Kumar and His Excellency, the High Commissioner of New Zealand, Mr Jonathan Curr to mark the opening of the SPSE’s market trading session.

By Reginald Chandar

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