The Crypto Valley Association in Switzerland has decided to elect two female board members to diversify its male-dominated leadership. The vote scheduled for September 20 has attracted an unexpected number of nominations – 43. The women will fill similar roles to those of the current members, including co-chairing working groups and interacting with authorities and other organizations.
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Female Board Members to Have Same Responsibilities
The Swiss Crypto Valley Association (CVA), a Zug-based organization working to promote the crypto and blockchain industry, has announced its decision to elect two women to its board. The move is aimed at breathing new life into the male-dominated leadership, Swissinfo reported, quoting the association. “The measure will be no mere window-dressing exercise,” said Leeanne Abapo Senn, member of CVA’s diversity taskforce, elaborating:
We want to create a space that works for everyone rather than just carry on with the same old boys’ club and their cronies. Our objective is to elevate the dynamic women who have contributed to the Crypto Valley and to create a stronger, more inclusive ecosystem.
The CVA also noted that the election of the women “will serve to strengthen the association through a diversity of perspectives, experience and skills.” The new board members will fill similar roles to those of their male colleagues. These include co-chairing working groups, interacting with other Swiss and foreign organizations, and receiving international delegations. They will take responsibilities related to presenting the CVA and Zug’s Crypto Valley at external events while supporting the association’s own local and international initiatives.
CVA Board to Be Expanded to 7 Members
The board membership will be expanded from five to seven during a general meeting scheduled for September 20. The two vacancies have attracted a surprisingly large number of nominations – 43. The vote comes after the reelection in June of four out of five board members, including the association’s president Oliver Bussmann. The election process drew criticism for insufficient transparency and lack of publicity. The only newly elected board member was also a man.
Established last year, the Crypto Valley Association now unites more than 1,000 representatives of the crypto space and the blockchain industry, including companies, incubators, consultants, legal experts, and journalists aiming to express their political and economic voice in Switzerland, one of Europe’s leading crypto-friendly nations, and abroad.
The CVA develops self-regulatory rules and codes, works closely with authorities in the canton of Zug and lobbies federal government officials and regulators on behalf of its members. In July, the association supported an initiative by the Swiss Bankers Association (SBA) to simplify the process of opening bank accounts for crypto companies, stating it expects Swiss banks to broaden their offerings to businesses in the sector.
What are your thoughts on CVA’s decision to elect two female board members? Tell us in the comments section below.
Images courtesy of Shutterstock, RACIB.
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