Chennai:
Success
is measured by professionalism rather than sex and it is demeaning if to get a
job on the basis of being a woman, according Aruna Jayanthi, who is ranked
fourth in the 50 most powerful Indian Women by Fortune India Magazine.
Delivering
the inaugural address of Madras Management Association’s Women Managers’
Convention 2012, the Capgemeini chief executive officer urged the women to
think and act as a professional rather than as the fairer sex.
She
said it is demeaning to get a job only on the basis that you are a woman. “You
got the job because you are competent,” she said, adding that she opposes
reservation for women.
Jayanthi
said the entry level should have the right amount of diversity but as one goes
up the ladder, he or she should be promoted only on merit rather than on sex.
She
also said that companies, which are having women as board members, are doing
well and said now there is a bid by companies to have atleast 20 per cent women
as board members.
She
said the world can’t ignore women who are instrumental in consumer decision and
who spur the growth of economy.
US
consul general in Chennai Jennifer McIntyre in her keynote address said women
are key to global economy and hailed the contributions of Indra Nooyi, chairman
and chief executive officer of PepsiCo, and chairman and managing director of
Biocon Kiran Mazumdar Shaw. She also quoting reports said companies with more
women board directors outperform those with the least by 66 per cent in terms
of return on invested capital, by 53 per rcent in terms of return on equity,
and 42 per cent in terms of return on sales.
“Social
research shows that women disproportionately spend more of their earned income
on food, healthcare, home improvement, and schooling, which has a multiplier
effect in local communities,” she added.
She
said women are estimated to control $15 trillion worldwide in spending by the
year 2014,
and
by 2028, will account for about two-thirds of consumer spending.
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