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Women in workforce help boost income at all levels

by BERNAMA - 08/03/2016
"More women in the labour force, and in more senior positions, is good news for women, for their companies and for their countries' economies, says IMF managing director Christine Lagarde. "
KUALA LUMPUR: Happy International Women¡¯s Day! It is celebrated on March 8 every year.

Originally called International Working Women¡¯s Day, it was started as a socialist political event, but with time, the day has lost its political aura in some parts of the world.

However, on the other side of the globe, the focus of the celebrations is on women¡¯s economic, political and social achievements.

On the economic and business side, Malaysia has The 30 Per Cent Club, a group of chairmen and business leaders who are committed to bringing more women on Malaysian corporate boards.

The 30 Per Cent Club believes that gender diversity is good for the overall effectiveness of the boardroom ¡ª and is, therefore, good for business ¨C although it has not called for a quota.

The Malaysian 30 Per Cent Club, launched on May 8, 2015, supports sustainable business-led voluntary change to improve the current gender imbalance on Malaysian corporate boards.

A new International Monetary Fund (IMF) staff study says more women in the workforce will boost the bottom line for home, firm and country.

In her latest blog posting on, IMF managing director Christine Lagarde said: ¡°March 8 is one of my favourite days.

¡°It is a time to celebrate the impressive progress women at all levels of the career ladder have made in recent decades.
- See more at: rce-help-boost-income-at-all-levels/#sthash.sgqCiBSt.dpuf
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