PNG Institute of Directors

At the event, a panel of discussion was held under the theme, ‘Untapped potential’ and ‘Women in business leadership’ equality and economic growth in PNG to complement the launch of the report.

The report conducted by the Private Sector Development Initiative (PSDI) cites that women are underrepresented in business leadership globally.

The lack of women in leadership roles negatively impacts company performance productivity and profitability, which in turn constrains private sector development and economic growth. 

PNG Institute of Directors president, Ian Tarutia, said this during the PNGID Annual Black Tie Awards Dinner on Thursday.

Tarutia said this is a result of qualified individuals being appointed to boards.

He told directors and guests during the event that the standard set will ensure others follow and may well exceed those standards.

“I am pleased to note that the level of governance in our State Owned Enterprises, government agencies and statutory organisations has improved.

The objective of the program is to increase the pool of professional directors in PNG.

PNGID president and NASFUND CEO, Ian Tarutia, announced that the program is a collaborative effort between the PNGID, the Bank of PNG and the University of Papua New Guinea (UPNG).

“So the intent of this pipeline project is to spread the net and increase the pool through a structured process so, what UPNG have done is they’ve introduced a new post-graduate diploma in corporate governance, which runs for 18 months.