Showing posts with label equity. Show all posts
Showing posts with label equity. Show all posts

9 March 2025

Gender diversity benefits businesses

Artwork generated by Google Gemini (Imagen 3) to celebrate International Women's Day.  Outlines of four flowers with white text in the middle on top of a simulated watercolor wash in bright colours.
Concept artwork generated by Google Gemini (Imagen 3) to celebrate International Women's Day.

International Women's Day on March 8 is a global celebration of the social, economic, cultural, and political achievements of women. The day also marks a call to accelerate women's equality. 

New research* released for the day has shown that gender equality remains a key societal issue, with women’s rights under threat due to workplace inequalities and online abuse. The annual study, released by HeForShe, The United Nations Global Solidarity Movement for Gender Equality, and global marketing agency TEAM LEWIS, revealed that public awareness of gender inequality has increased, but geopolitical issues overshadow the issue:

- Over 75% believe companies still need to implement policies for women in the workplace.

- One third of women (32%) have reconsidered their employment due to their company’s in-office policy. Of those, 45% say the reason for reconsidering is inflexibility at work. 

- Only 17% of women received a pay rise in the last year, compared to 24% of men. 

- In leadership, women continue to be under-represented. The percentage of women in senior management roles declined to 53% this year, vs 56% in 2023 and 2024.

"Rights, equality and empowerment remain vital to global prosperity. We cannot afford to sit on the sidelines. Equality is everyone’s responsibility. 2025 is the year for men and boys to stand alongside women and girls to help make change happen.” said Vesna Jaric, Global Head of HeForShe, UN Women.

The benefits of gender diversity were championed by industry observers.

Lim Hsin Yin, VP of Sales for ASEAN, Cohesity, has contributed to the community through mentoring initiatives, including as Chairwoman of the SGTech AI Skills and Training Committee and in industry councils. 

She observed: "International Women’s Day is a moment to celebrate the progress we’ve made in fostering gender diversity and to reflect on the work still ahead. With over 30 years in the tech industry, I have witnessed firsthand the transformative power of diverse perspectives." 

Stephanie Barnett, VP of Presales for the Asia-Pacific and Japan (APJ), Okta said: "On International Women’s Day, when I reflect on what it means to be a woman in tech I feel both inspired by how far things have come, and feel energised and compelled to do so much more. While progress has been made, sectors like presales, security, and identity still reveal a significant gender gap that has persisted for decades and will continue until we radically and aggressively change and solve for the biases that exist across education, recruitment and workforce inequity.

"Mentorship has had a transformative impact on my career. I’ve been fortunate to have mentors, both men and women, who have offered guidance that goes beyond advice, helping me navigate difficult situations and complex challenges. I feel deeply accountable to pay forward the privilege that I have had in having phenomenal cheerleaders sitting in my blind spots helping me course correct, deeply reflect and charge forward with perspective and support.

"Personally, I believe that fostering diversity in an organisation is not just a checkbox activity and it takes work, takes focus, takes commitment and it may lead to discomfort and potential change management that will be initially uncomfortable, but future and long term looking will significantly accelerate revenue and positive business business results."

Said Remus Lim, Senior VP, Asia Pacific & Japan, Cloudera:  "As we celebrate International Women’s Day, this year’s theme, #AccelerateAction, serves as a call to move beyond conversation and drive real, measurable progress. At Cloudera, we know that diversity, equity, and inclusion (DEI) isn’t achieved in a single day—it’s a continuous effort that requires commitment, accountability, and the courage to challenge the status quo.

"Creating a truly inclusive workplace isn’t just about policies or programmes—it’s about recognising the talent, ambition, and potential that too often go unseen. Business leaders have a responsibility to not only open doors but to actively support and uplift those who may have been overlooked by traditional hiring and promotion practices."

"I’ve seen firsthand how potential-based hiring and mentorship can change careers—and lives. During the period when I was mentoring a colleague, I realised the importance of approaching issues from different angles when charting out new communication pathways between my mentee and other members of the leadership team. This allowed her to see her ideas to fruition while the organisation benefits from fresh perspectives across functions and levels," added Lim from Cloudera. 

"When we focus on who someone can become, rather than just what they’ve done in the past, we create pathways for talent that may not have had the same access or opportunities. When we do this, our teams grow stronger, our innovation becomes richer, and our workplaces become places where everyone has the chance to thrive."

Verena Siow, President and MD, SAP Southeast Asia, shared that this year's theme for International Women’s Day, Accelerate Action, deeply resonated with her. "To me, this theme reinforces the notion that we must take urgent and proactive actions to drive gender equity and parity. It also aligns with one of my personal mantras: Accelerate to Innovate. Just as businesses must embrace bold, decisive action to drive meaningful innovation, we must do the same to advance gender equity," she said.

"Change is often perceived as a gradual process. But while it is true that change does not take place overnight, every little step we take in accelerating action unlocks new possibilities. In Southeast Asia, I’ve seen firsthand how equipping women with the right skills, access, and support can create extraordinary outcomes."

"Yet, barriers remain. Systemic biases still slow progress, from unequal access to leadership opportunities to deeply ingrained stereotypes. The World Economic Forum estimates that at the current pace, full gender parity will not be achieved for another 134 years — a timeline we cannot accept." 

"Innovation does not happen by waiting. It happens by taking action, challenging norms, and accelerating change. Just as we push the boundaries of technology, we must do the same for equity, opportunity, and leadership. The reality is clear: diversity drives better decisions, stronger businesses, and more resilient economies. The question is no longer “why” we need to act, but how much quicker we can make change happen," Siow concluded.

"The broader challenge of gender equality remains stark. According to the Global Gender Gap Report 2024, achieving full gender parity will take 134 years—roughly five generations—at the current pace of progress. We cannot afford to wait. Governments, businesses, academia, and industry bodies must work together to ensure gender equality is not just a long-term aspiration but an urgent economic and innovation priority," agreed Jess Ng, Country Head, Singapore and Brunei, Fortinet.   

Siow touched on mentorship and leadership as solutions. To truly accelerate progress, three actions are critical, she said:

- Sponsorship over mentorship. Women need not just mentorship but advocates—leaders who actively open doors, champion careers, and create opportunities.

- Equal access to leadership tracks. High-impact projects and decision-making roles must be accessible to women at all levels, ensuring a stronger pipeline for future leadership.

- A redefinition of leadership. Success is not just about traditional leadership traits like aggressiveness; it’s about diverse perspectives, emotional intelligence, and inclusivity. Organisations that embrace this perform better and retain top talent.

Explore

Download the HeForShe research at https://www.teamlewis.com/heforshe/ 

Hashtags: #IWD2025, #AccelerateAction 

*TEAM LEWIS Foundation surveyed the general population aged 18 and above across a balanced and diverse group of ages, races, and gender. A total of 5,003 respondents were polled across 10 countries, including the US, UK, UAE, Australia, China, France, Germany, Netherlands, Singapore, and Spain. Localised translations were provided where necessary. Data was collected through an online survey consisting of 55 questions and fielded from February 5 to 14, 2025.

11 June 2015

Crowdonomic becomes registered e-facility for equity crowdfunding in Malaysia

Source: Crowdonomic. Crowdonomic was one of just a few operators approved as a Registered Electronic Facility (Equity Crowdfunding Platform) by Malaysia's Securities Commission. From left: Nicola Castelnuovo, Co-founder and Chief Commercial Officer of Crowdonomic; Datuk Ranjit Ajit Singh, Chairman, Securities Commission Malaysia and Leo Shimada, Co-Founder and Chief Executive Officer of Crowdonomic.

Crowdonomic, one of the largest crowdfunding platforms in Southeast Asia, was today named by Securities Commission Malaysia (SC) as a registered electronic facility to pioneer and build the equity crowdfunding (ECF) platform in Malaysia. With its track record, regional presence, and experienced team, Crowdonomic is positioned to offer a strong combination of international market access, quality deal flow, and financial expertise.

Crowdonomic was one of only a few conventional operators to be approved as a Registered Electronic Facility (Equity Crowdfunding Platform) by SC Chairman Datuk Ranjit Ajit Singh on the first day of SC’s Synergy & Crowdfunding Forum (SCxSC) 2015.

“The registration is the high point of our continued constructive engagement with regulators to help shape competitive crowdfunding policies and build fully compliant and professional businesses in the markets we operate in. Our collaborative approach distinguishes us from many self-proclaimed crowdfunding platforms currently operating in grey areas,” said Leo Shimada, Co-Founder and Chief Executive Officer of Crowdonomic.

Together with the registration of electronic facilities, SC is introducing guidelines and rules to enhance investor protection, establish clear disclosure rules, and clarify fundraising rules for businesses seeking financing. The Malaysian regulations adopt an inclusive approach allowing any type of investor to participate in offers with investment caps set for protection purposes. The framework is unique as it will allow businesses to raise up to RM3 million within a 12-month span, and also allow investment funds to raise unlimited amounts off the platform.

Equity crowdfunding is widely seen as an enabler for startups to flourish and further develop their innovations. There is huge potential in Malaysia where there are more than 600,000 SMEs* - comprising more than 90% of total businesses in the country. Startups are also seen to lead the way in innovation, with research** indicating that many believe smaller businesses are the ones driving innovation in Malaysia.

Shimada also said the rise of equity crowdfunding signifies the birth of a new asset class. “Equity crowdfunding is revolutionary, as it allows businesses, for the first time, to leverage the full power of social media and technology to efficiently raise capital. This is particularly important as Malaysians are known*** to be among the most active on social media on a global scale. Startups will become more empowered to efficiently raise capital and investors can now transparently access new investment opportunities,” Shimada explained.

To maximise the impact of equity crowdfunding in Malaysia, Crowdonomic is at advanced stages of forming an alliance of top-tier players across the corporate, venture capital, financial institution and entrepreneurial ecosystem. This approach further differentiates Crowdonomic from other operators which lean towards operating as standalone websites.

“We are keen to explore opportunities with everyone interested in the potential of equity crowdfunding. We are in discussions with multiple parties in Malaysia and the region and we welcome opportunities to speak to more people. When it comes to equity crowdfunding, we are not content to just copy the Western model. Instead, we will be proactively paving the way to shape a unique Malaysian model. Most assuredly, we look forward to helping stimulate the economy in Malaysia as well as pioneer this space across Asia,” Shimada said.

*SME Corporation
**GE's 2014 Global Innovation Barometer
***TNS’ Connective Life 2014 study