NLOWE’s “Drivers of Growth” Will Address Challenges & Opportunities for Women Entrepreneurs

The Catalyst Bottom Line study shows that companies with more women board directors outperform those with the fewest by 66% return on invested capital, 53% return on equity, and 42% return on sales.

The Newfoundland and Labrador Organization of Women Entrepreneurs (NLOWE) is hosting Drivers of Growth, an economic forum at the Sheraton Hotel in St. John’s on Tuesday, November 15th.

NLOWE has been an active in Newfoundland and Labrador for almost twenty years, offering free services to help women entrepreneurs network as well as launch and grow their businesses.

The Drivers of Growth forum will address the challenges and opportunities for women entrepreneurs in the province and the conditions that support women’s advancement in business.

NLOWE has found that women in corporate leadership roles drive better overall financial performance. The organization cites the Catalyst Bottom Line study which shows that companies with more women board directors outperform those with the fewest by 66% return on invested capital, 53% return on equity, and 42% return on sales.

Despite the fact that businesses with women at the helm outperform those led by men, women-owned businesses make up less than 1% of the oil and gas supply chain in Newfoundland and Labrador.

NLOWE welcomes anyone interested in seeing the provincial economy grow through establishing more women in business and leadership roles to attend their Drivers of Economic growth forum.

The forum will include a Networking Breakfast, a presentation by NLOWE’s Provincial Champion and facilitated group discussions. Similar events will be hosted across the province through out the month of November with the goal of releasing an Action Plan in early 2017.

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