HSBC Bank Malta sup­ports Women Di­rec­tors in Malta

Malta Independent - - BUSINESS & FINANCE -

HSBC Bank Malta is the first or­gan­i­sa­tion in the coun­try to sup­port a new non-profit or­gan­i­sa­tion, Women Di­rec­tors Malta (WDM), in its ob­jec­tive to im­prove gen­der di­ver­sity at board level across the coun­try.

WDM was set up to help women make the right con­nec­tions and reach board level within their own or­gan­i­sa­tion or to take on a non-ex­ec­u­tive board role and other board level roles in other sec­tors. The non-profit or­gan­i­sa­tion works to cul­ti­vate a new un­der­stand­ing and ac­cep­tance of the strong im­pact women de­liver at top lev­els.

HSBC Malta Chair­man Sonny Portelli, CEO An­drew Beane and WDM Pres­i­dent Michelle Gialanze signed the agree­ment, which sees the bank sup­port var­i­ous out­reach cam­paigns and events of WDM.

HSBC Malta Chair­man Sonny Portelli said: “HSBC is com­mit­ted to pro­mote im­proved gen­der di­ver­sity at board level across the coun­try. As one of the Malta’s lead­ing pub­li­cally-listed com­pa­nies, I am de­lighted that we al­ready have five tal­ented women serv­ing as di­rec­tors in our group of com­pa­nies, and I look for­ward to wel­com­ing more fe­male col­leagues in the fu­ture.”

HSBC Malta CEO An­drew Beane added: “Our part­ner­ship with Women Di­rec­tors Malta forms part of a wider com­mit­ment to di­ver­sity and in­clu­sion across our busi­ness. I be­lieve that di­ver­sity of thought en­ables bet­ter de­ci­sion mak­ing and am ab­so­lutely de­ter­mined to at­tract and de­velop a di­verse range of col­leagues in a mer­i­to­cratic way through­out their ca­reers.”

Ac­cord­ing to Michelle Gialanze, a num­ber of stud­ies have sug­gested that com­pa­nies with a higher share of women at top lev­els de­liver strong or­gan­i­sa­tional and fi­nan­cial per­for­mance.

“WDM has con­sis­tently ar­gued that women of all back­grounds should have equal op­por­tu­nity and equal ac­cess to progress to board level po­si­tions, cre­at­ing a level play­ing field. Board ap­point­ments should be made on the ba­sis of com­mer­cial needs, skills and abil­ity. It also be­lieves that there are clear busi­ness ar­gu­ments for ap­point­ing women at board level,” Ms Gialanze said.

WDM was es­tab­lished in 2015 and or­gan­ises reg­u­lar meet­ings to ad­vance its mis­sion. WDM will soon be launch­ing a char­ter qual­ity mark which recog­nises and re­wards or­gan­i­sa­tions that pro­vide di­ver­sity on boards.

HSBC Malta CEO An­drew Beane, Women Di­rec­tors Malta Pres­i­dent Michelle Gialanze, HSBC Malta Chair­man Sonny Portelli, Women Di­rec­tors Malta com­mit­tee mem­ber Maria Cas­sar, and HSBC Malta HR Pro­ject Man­ager Loredana Mal­lia at the sign­ing of the agree­ment

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