In the last decade, increasing gender diversity has been a prominent issue for boardrooms across the globe. In fact, studies show that female CEOs tend to produce better results for their companies than male CEOs do.
Offshore Norway, France, Sweden and Italy are among the countries with the highest percentage of women serving on boards. Regionally, countries in the Americas and Asia Pacific region have progressed the least. With respect to women chairs, the three regions have approximately the same percentage: EMEA (5%), the Americas (4%) and Asia-Pacific (4%).
Yet locally, the percentage of female CEOs in JSE-listed companies improved 8% as of end June 2022, up from 5% a year earlier – a cause for celebration. Yet they still earn 31% less than men.
Locally, a recent version of the annual Africa-wide non-executive director’s survey report by Africa’s leading guide, appointer, and educator of high-performance boards cites an improvement in female representation in boardroom composition with 40% of board members being female, up from 23% in 2020.
Globally, key findings from a Diligent Institute report cite:
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