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Magazine (Feb.Indd Since 2008 February BBUSINESSUSINESS 2020 th 102008-2018 N1000. 00 ANNIVERSARY $5. 00 €3. 00 JJOURNALOURNAL Professionalism Freedom Enterprise www.businessjournalng.com WWOMENOMEN IINN TTHEHE BBOARDROOMOARDROOM TTHEHE 5500 UUNCOMMONNCOMMON WWOMENOMEN IINN CCORPORATEORPORATE NNIGERIAIGERIA 22020020 WWOMENOMEN IINN TTHEHE BBOARDROOMOARDROOM The 50 Uncommon Women in Corporate Nigeria 2020 “Organisations with women in top leadership positions have almost dou- bled the number of Board seats held by women. This illustrates an import- ant trend—as the number of female CEOs and Board chairs climbs, it is likely to spur greater Board diversity. Yet, the percentage of women secur- ing top leadership roles remains very low, with women holding only 4 per- cent of CEO and Board chair positions globally.” -Dan Konigsburg Senior Managing Director Deloitte Global Center for Corporate Governance • Th e 2018 data from Corporate Women Directors International shows that women hold just 16.7% of public company Board seats globally. Northern and Western Europe are leading the way, with averages of 36.3% and 26.7% respectively, followed by the US and Canada with 20.9% and Central and Eastern Europe with 15.5%. • African women are barely present even in Boardrooms within Africa, where 95% of CEOs are men. Ac- cording to data from the African Development Bank (AfDB), women hold only 12.7% of the Board seats in Africa’s top listed companies. • New research from the International Monetary Fund (IMF) shows that countries ranked in the bottom 50% for gender equality globally – including large African economies like Ethiopia, Morocco, and Nigeria – could add a whopping 35% to their economies, on average, by bringing more women into the workplace. Mosun Belo-Olusoga 6 Business Journal January 2020 Mosun Belo-Olusoga Chairman, Access Bank Plc rs. Mosun Belo-Olusoga, Credit Analysis and Credit Audit units as Nigeria. She currently sits on the board fondly called ‘Aunty Mo’ well as the bank’s Credit School. of Finance and Commercial Services is an outstanding leader She led the development of several prod- Limited, FCSL Asset Management, MTN in the Nigerian Finan- ucts across the bank as well as standardized Nigeria Foundation, Mainstream Energy cial Services industry; a the credit review and approval processes. Foundation and is the Pro Chancellor and Mthoroughbred Chartered Accountant and She served the bank in various senior Chairman of Council, Olabisi Onabanjo Banker with a professional career spanning roles including Group Head, Corporate University. over three and half decades. Bank; Group Head, Risk Management; She is the Founder of City of Knowledge She graduated from the University of Group Head, Transaction Services Group; Academy, a co-educational secondary Ibadan with a Second Class (Upper) Divi- Group Head, Commercial Bank; Group institution established to provide excellent sion in Economics in 1979 and qualifi ed as Head, Settlement (Operations); Divisional academic and leadership training for young a Chartered Accountant in 1983. Head, South-West Division and Executive minds in a safe and secure environment. She was the Institute of Chartered Ac- Director, Investment Banking Group. She Th e institution caters to the holistic devel- countants of Nigeria (ICAN) First Merit represented GTBank on the Board of the opment of the child. Winner for the Best Qualifying Accountant then Magnum Trust Bank and Asset & She has attended several executive courses and also the recipient of the Society of Resources Management Company Limited. in distinguished institutions including Th e Women Accountants of Nigeria (SWAN) She was also seconded by GTB as Acting University of Chicago Booth School of Award for the Best Qualifying Female Managing Director of the then Trust Bank Business, INSEAD Business School, Har- Accountant. She became a Fellow of the In- of Africa Limited where she was responsi- vard Business School, Columbia Business stitute of Chartered Accountants of Nigeria ble for setting the overall policy direction School, IMD School of Management and (ICAN) in 1993 and is also an Honorary of the bank and was the pioneer Managing Kellogg Business School. Member of the Chartered Institute of Bank- Director of Guaranty Trust Bank, Ghana. ers of Nigeria. In 2006, in pursuit of her passion for Mosun commenced her professional learning and entrepreneurship, she career in the fi rm of Coopers and Lybrand established Th e KRC Limited - a human (now PricewaterhouseCoopers) in 1980 resources support company which provides where she provided audit and tax advisory training solutions for organizations in the She led the devel- services to companies in a variety of indus- fi nancial services sector. opment of several tries. She moved to Continental Merchant She joined the Board of Access Bank Bank Ltd in 1986 and worked in various Plc as a Non-Executive Director in 2008 products across the departments including Financial Control, and served on various Committees until bank as well as stan- Corporate Finance, Loan Syndications, as her appointment as the Bank’s Chairman well as Credit and Marketing Department. in 2015. Th e Bank, during her tenure as dardized the credit Due to her outstanding performance, she Chairman, recorded unprecedented growth review and approval was selected to join a special team in devel- in key parameters which has seen it emerge oping the bank’s strategic road map. as Nigeria’s number one bank in several key processes. In 1990, Aunty Mo joined Guaranty Trust performance indices and Africa’s largest Bank (GTBank) where she distinguished bank by customer size. herself and rose from Manager to Executive Mrs. Belo-Olusoga has served on several Management position in 2002. At GTBank, other prestigious boards including Pre- she established key units including Textiles, mium Pensions Limited and Action Aid Business Journal February2020 7 Susan Giwa-Osagie Deputy Managing Director NEM Insurance Plc 8 Business Journal February 2020 Owen Omogiato Managing Director/CEO Transcorp Hotels Plc wen Omogiafo is the MD/CEO as the HR Advisor to the of Transcorp Hotels Plc where GMD/CEO, who at the she is responsible for driving pos- time was Mr. Elumelu. She itive transformation in Transcorp has also functioned as his OHilton, Abuja and Transcorp Hotels, Calabar. Chief of Staff , with respon- Prior to joining Transcorp Hotels Plc, Owen sibility for his Executive Of- was the Executive Director, Corporate Ser- fi ce and overall effi ciency. vices at Transnational Corporation of Nigeria Before she joined UBA, Plc (Transcorp) where she drove operational Owen worked with Ac- effi ciency across the Transcorp Group. centure as an Organisation Owen Omogiafo was the Chief Operating and Human Performance Offi cer at the Tony Elumelu Foundation, Consultant, specializing where she oversaw the $100m Entrepreneur- in Change Management. ship Programme aimed at identifying, men- She is a certifi ed Change Business School (HBX), possessing a Cer- toring, funding and training 10,000 entrepre- Manager (Prosci Institute of Change Man- tifi cate in Disruptive Strategy with Clayton neurs over 10 years. agement, US) and a member of the Chartered Christensen. She has also been the Director of Resources Institute of Personnel and Development, UK. Owen was in 2019 recognised by Leading at Heirs Holdings, a family owned investment She holds a B.Sc. (double honours) in Sociol- Ladies Africa as one of the Leading Ladies in company committed to improving lives and ogy and Anthropology from the University of Corporate Nigeria, by Th e Guardian as one of transforming Africa. Benin and M.Sc. in Human Resources from Nigeria’s 100 most inspirational women and Prior to Heirs Holdings, Owen was a staff of the London School of Economics and Politi- has also been named in the YNaija! Power the United Bank for Africa, where she worked cal Science. She is also trained at the Harvard List for Corporate Nigeria. Funke Osibodu Managing Director/CEO Benin Electricity Distribution Company until her appointment as acting managing di- Mrs. Osibodu has held the position Man- rector of Union Bank of Nigeria Plc, the MD/ aging Director/CEO in MBC Internation- CEO of Vigeo Capital Limited/Vigeo Group, al Bank Limited, Ecobank Nigeria Plc and a company jointly owned with her husband, Union Bank of Nigeria Plc. Victor Osibodu. She has over 20 years cumulative experi- Funke is a graduate of Economics from the ence working in the banking sector where she Obafemi Awolowo University (formerly Uni- started her career at NAL Merchant Bank as a versity of Ife) and has participated in several youth corps member, before moving to Con- local and overseas courses. tinental Merchant Bank. She is currently the Managing Director/CEO She is currently the Vice Chairperson of the of Benin Electricity Distribution Company Nigerian Economic Summit Group and was (BEDC). Business Journal February2020 9 Olayemi Dawodu Managing Director/CEO Clina-Lancet Laboratories Limited r. Olayemi O. Dawodu is a His- healthcare sector through dedicated delivery ria citizenry. She is involved in charity and sits topathologist who holds an of excellent Pathology services and leadership. as Board of Director of Clina-Lancet Laborato- M.B.B.S from the college of As an avid researcher, she has publications in ries, she is a Faculty member at the College of medicine, University of Lagos, local and international journals; and also re- Medicine, University of Lagos as lecturer. as well as fellowships in Pathol- views peer articles for the foremost National In her spare time, Dr. Olayemi Dawodu en- Dogy (Anatomic Pathology) and Laboratory Postgraduate of Nigeria pathology journal. joys visiting new places, reading a variety of medicine of the National Postgraduate Medi- She serves as a member of the Accreditation books which has helped her to remain focused cal College of Nigeria and West African Col- Advisory Committee for Nigerian National and dedicated. lege of Physicians respectively, which makes Accreditation System and works with a diverse She believes that in everything you do, always her eligible to practice in Nigeria and the West population in the healthcare sector providing a put your best foot forward, work with dedi- African region.
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