Elections to the board of the Crypto Valley Association will be held on September 20. As a result, two women will be added to the board of directors. The Association has more than 1,000 influential members. In this case, the majority of men are on the board of directors of CVA.
Elections have already taken place on June 8. However, in the end, all positions were occupied by men. New elections are designed to reverse the current situation. As a result, two women will be in the leading roles in the Association.
“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 Crypto Valley and to create a stronger, more inclusive ecosystem,” CVA rep Leeanne Abapo Senn told SwissInfo.ch.
She argues that the procedure for nominating candidates was not previously clearly advertised. As a result of new elections, the board of directors will be expanded. To date, 43 women have already applied to participate in the elections. CVA issued a statement stating that it supports the initiative, as it will strengthen the Association through a variety of perspectives, experiences, and skills.
WHY IS IT IMPORTANT?
- Zug is considered the Swiss version of Silicon Valley in California. Many fintech enterprises are based here. Zug attracts many crypto companies because of low taxes and local regulations.
- It is worth noting one interesting fact. Abapo Senn also criticized the non-transparency of the election process in the association's board of directors. At the same time, Zug pretends to lead the way in introducing advanced digital technologies in electoral procedures. The city has already begun testing blockchain voting.