3BL Associates (3BL), a sustainable development strategy consultancy and think-do-tank, recently launched “Diversity On Board” (DOB).
Diversity On Board is the first regional platform that curates highly accomplished Arab women in business, government, civil society, and the sciences, to help organizations in the MENA region identify and appoint them to executive board positions. In its second phase, the platform will also focus on Arab youth, the differently-abled, and other exceptional—but currently under-represented—individuals of both genders, on MENA boards.
“Good corporate governance helps firms improve performance and manage risks. The benefits of board diversity include improved access to information, more effective problem-solving, a better understanding of the marketplace, and management of stakeholder expectations. We are not suggesting arbitrary board quotas; rather, Diversity On Board will be a resource to identify highly-qualified candidates to enhance organizational competiveness,” explained Leena Al Olaimy, 3BL Cofounder and Managing Director.
“This includes the women and other individuals you would expect to find on the Forbes 100 lists, as well as the lesser known, yet equally outstanding experts in their respective domains,” she added.
Al Olaimy thanked the Diversity On Board Founding Partners, without whom launching the initiative would not be possible, saying: “We are deeply grateful to our enlightened Founding Partners who have helped bring the initiative to life. We invite other organizations to come “on board” by listing their announcements regarding nominations for board candidacy on the platform; and for Arab women to join our talent pool of prospective board members.”
Diversity on Board is a 3BL Associates think-do-tank initiative, supported by the following Founding Partners: Regional Diversity Partners are KPMG, Obai & Hill, and the Women Power Summit; Local Diversity Partners are the Bahrain Economic Development Board (EDB) and GudJuju; Network Partners include the Manama Hub of the Global Shapers Community, which is an initiative of the World Economic Forum; and Zain Bahrain.
As part of on-going activities, DOB will also provide training for organizations on corporate governance and structuring effective boards. To prepare women—and later other under-represented groups—for corporate director effectiveness, DOB will also provide access to Executive Education, workshops and seminars and other services to enhance their competitiveness for such roles.
The Diversity on Board platform is expected to be fully functional in July 2018, and will offer basic services at no cost during its first year of operation. People and organizations can register their interest in either announcing nominations for board candidacies, or joining the platform as individuals to apply for board positions through: www.diversityonboard.org