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The THE WORLD BANK GROUP has issued a Tender notice for the procurement of a Palestine Women on Boards Research in the Palestine. This Tender notice was published on 30 Jan 2020 and is scheduled to close on 13 Feb 2020, with an estimated Tender value of Refer Document. Interested bidders can access detailed Tender information, eligibility criteria, and complete bidding documents by referencing TOT Ref No. 40088046, while the tender notice number is 1266630 and Registering on the platform.
Procurement Summary
Country: Palestine
Summary: Palestine Women on Boards Research
Deadline: 13 Feb 2020
Posting Date: 30 Jan 2020
Other Information
Notice Type: Tender
TOT Ref.No.: 40088046
Document Ref. No.: 1266630
Financier: World Bank (WB)
Purchaser Ownership: -
Tender Value: Refer Document
Purchaser's Detail
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Login to see detailsTender Details
Expression of Interest are invited for Palestine Women on Boards Research.
Palestine Women on Boards Research
Publication Date
28-Jan-2020
Expression of Interest Deadline
13-Feb-2020 at 11:59:59 PM (Eastern Time - Washington D.C.)
Language of Notice
English
Selection Notice
Assignment Country
· GZ - West Bank and Gaza
Funding Sources
The World Bank Group intends to finance the assignment/services under:
· BB - BANK BUDGET
· TF0A6767 - IFC CMAW - MENA Region - CES CG
Individual/Firm
The consultant will be a firm.
Assignment Description
SELECTION FOR CONSULTANTS BY THE WORLD BANK GROUP
REQUEST FOR EXPRESSIONS OF INTEREST
Electronic Submissions through World Bank Group eConsultant2
https://wbgeconsult2.worldbank.org/wbgec/index.html
ASSIGNMENT OVERVIEW
Assignment Title: 1266630 - Palestine Women on Boards Research
Assignment Countries:
- West Bank and Gaza
ASSIGNMENT DESCRIPTION
The goal of this specific project is to conduct research related to the current state of board diversity in Palestine, including the benefits, business case, challenges, and opportunities to further advance the issue. The research should address the hypothesis that a correlation can be made between gender diversity in the boardroom and the financial performance of Palestinian companies. The hypothesis that a correlation does exist will be tested by collecting and analyzing gender related indicators (e.g. number of women on boards) and the economic performance of companies (e.g. ROA, ROE, ROI) over a set of time series.
FUNDING SOURCE
The World Bank Group intends to finance the assignment / services described below under the following:
- BANK BUDGET
- IFC CMAW - MENA Region - CES CG
ELIGIBILITY
INDIVIDUAL / FIRM PROFILE
The consultant will be a firm.
SUBMISSION REQUIREMENTS
The World Bank Group now invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Consultants may associate to enhance their qualifications.
Interested firms are hereby invited to submit expressions of interest.
Expressions of Interest should be submitted, in English, electronically through World Bank Group eConsultant2 (https://wbgeconsult2.worldbank.org/wbgec/index.html)
NOTES
Following this invitation for Expression of Interest, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.
Only those firms which have been shortlisted will receive notification. No debrief will be provided to firms which have not been shortlisted.
Qualification Criteria
· 1. Provide information showing that they are qualified in the field of the assignment.
· 2. Provide information on the technical and managerial capabilities of the firm.
· 3. Provide information on their core business and years in business.
· 4. Provide information on the qualifications of key staff.
IFC MIDDLE EAST AND NORTH AFRICA CORPORATE GOVERNANCE PROGRAM
WOMEN ON BOARDS RESEARCH PALESTINE
TERMS OF REFERENCE
A. PROJECT BACKGROUND AND OBJECTIVES
Background
IFC promotes sustainable private sector investment in developing countries, helping to reduce poverty and improve people-s lives. IFC-s Advisory Services in the Middle East and North Africa (MENA) launched recently the Palestine Corporate Governance Project where the goal is to increase the ability of firms and markets to improve performance and attract and retain investment by promoting the adoption of corporate governance best practices and standards. This will support the development of a robust private sector, promote women empowerment and gender diversity on boards, and help firms improve their overall sustainability through better governance practices.
Objective
To that end, the goal of this specific project is to conduct research related to the current state of board diversity in Palestine, including the benefits, business case, challenges, and opportunities to further advance the issue. The research should address the hypothesis that a correlation can be made between gender diversity in the boardroom and the financial performance of Palestinian companies. The hypothesis that a correlation does exist will be tested by collecting and analyzing gender related indicators (e.g. number of women on boards) and the economic performance of companies (e.g. ROA, ROE, ROI) over a set of time series.
B. SCOPE OF WORK
Conduct a research study ‘Women on Boards in Palestine-.
‘There is a powerful business case for why corporate Boards should bring more women around the Board table. As the research proves, companies with female Board members can expect significantly higher returns and better overall financial performance. More female representation also translates into improved risk management and audit control, increased ethical oversight and a broader, more accurate assessment of the company-s success. Equally important, with more female leadership, companies are better able to attract more female talent. They send a powerful message to the women who already work for their organizations that their contributions are valuable - that their voices are heard. They demonstrate to employees, investors and other stakeholders that diversity truly matters to their corporate success.- A recent IFC study in Jordan found a strong correlation between positive business impacts and diversity, as the average return on assets (ROA) of companies with at least one woman on the board was approximately three times higher than those without; the return on equity (ROE) was nearly double. ROA continued to increase with the number of women directors, the maximum of four correlating to 11.74 ROA compared to the 0.99 ROA of those with no women.
Goal and Objectives: The goal is to conduct a research study on board gender diversity in Palestine to raise awareness on the value of women on boards. The objectives of the research are to:
a) quantify the current state of board gender diversity among companies;
b) collect information (from surveyed board members and other related market research) on the benefits and the business case for gender diversity using analysis based on statistically significantly data sets on the correlation between women on boards and financial performance of companies;
c) link these benefits with various survey attributes (e.g., company sector, company type, etc.) to draw insightful themes and lessons;
d) identify the barriers and challenges for advancing board diversity; and
e) identify lessons learned and recommendations for companies and markets overall to advance board diversity.
The overarching goal is not only to assess the current state of board diversity, but to provide actionable information and recommendations for companies and markets to help advance the issue. Additionally, the research should cover diverse geographical areas across Palestine, rather than being ‘capital centric-.
Target Country: Palestine.
Target Companies: The goal is to reach all companies listed in the stock exchange, and as many other types of companies as possible (it should constitute a representative sample and will be agreed with IFC) e.g. family companies, banks, state-owned companies, SMEs, other. The research analysis should then segment the results by company type and sector (among other attributes).
The Consultant shall perform the following:
PHASE I: Design and Preparation
1. Design and prepare survey package. The Consultant shall work with the Project Team to design a complete survey package for listed and non-listed companies with specified timelines of deliverables, based on the objectives of the research, comprised of; a) user-friendly electronic questionnaires; b) focus groups survey questions; c) clear guidelines and easy-to-follow instructions on the research methodology (data collection, sampling technique, statistical analysis/correlation methods, etc.); and d) preliminary outline of the final report structure, all of which will become the property of IFC. Design of the survey and package will include participating in preliminary scoping and design meetings (which can take place remotely through audio/video conferencing) with the Project Team, to refine the specific survey objectives (broad objectives are described above), questions, and ultimate design and structure of the report. Once the survey package is approved by the Project Team, the Consultant shall then begin to execute the data collection.
PHASE II: Data Collection
2. Desk research for listed companies in Palestine. The Consultant shall carry out desk research for available public data (e.g. company annual reports) of companies listed in the Palestine Stock Exchange. The goal will be to collect data on all listed companies in Palestine.
3. Disseminate survey and collect data/information. The Consultant shall execute the survey to all listed companies, and recommend and justify the number of targeted respondents from non-listed companies making sure a representative sample is reached. This shall be done primarily by the Consultant and shall use its own networks as possible, or other channels identified by the Consultant.
4. Information collection/validation. The Consultant shall conduct focus groups, phone calls, face to face meetings etc. to solicit input, validate existing research and access additional qualitative results and case studies.
5. Raw data and preliminary findings. The Consultant shall combine all raw data collected during this phase as a result
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