Wapic shareholders applaud firm’s gender inclusiveness

Shareholders of Wapic Insurance Plc has applauded the board and management employment policy and impressive financial performance for the year ended December 2016 in spite the prevailing turbulent economic situation in the country.

Led by Aigboje Aig-Imoukhuede, the company’s Board was commended by the shareholders for promoting gender inclusiveness based on the number of women in its workforce and the composition of its Board.

“Women are well represented on the company’s Board, at top Management level as well as in the entire workforce,” said a shareholder at the meeting.

“By my analysis, 33.4 per cent of company’s board members are women; 60 per cent of top management are women, and 51 per cent of the company’s total employees are women.”

Wapic Insurance is as one of few insurance companies with a woman as the chief executive officer.

As a demonstration of their support for the company, shareholders collectively expressed confidence in the company’s future performance. According to them, with the company in the hands of women, they will manage it better as in all things.

Aig-Imoukhuede thanked the company’s shareholders for their support for the company, stressing that the Board and Management have capacity to transform Wapic into a globally-admired insurance company that delivers value to shareholders.

He said the company’s effectiveness is driven by gender inclusiveness and broad-minded perspective on equal employment opportunities, adding that the company will continue to encourage full representation of women at all levels and roles in the workforce.

“The company has a strong women forum known as the Wapic Women Forum, with all female staff as members, and through which female employees are exposed to various capacity and leadership development initiatives which are essential requirements for success and career advancement.”

By supporting and taking steps to encourage gender diversity, the foremost insurer has positioned itself as the employer of choice for female talents and this has positively influenced the company’s reputation.

Earlier, in their comments, shareholders enjoined Wapic to continue the growth trajectory recorded in its quarter 1 results for 2017, which saw the company’s profitability grow by 135% compared to same period in 2016.

 

Modestus Anaesoronye