Kenya has outperformed the global average of female board directors after witnessing significant progress in board diversity and inclusion in the last nine years, a new report shows.
According to the 2021 Board Diversity and Inclusion Survey report released in Nairobi last week, Kenya’s gender diversity in the boardroom now stands at 36 per cent, a significant growth from 21 per cent in 2017.
Currently, the global average of women holding board positions stands at 23.3 per cent up from 20.4 per cent in 2018.
The report undertaken by the Kenya Institute of Management (KIM) in partnership with Nairobi Securities Exchange (NSE), New Faces New Voices (NFNV) and the Kenya Private Sector Alliance (Kepsa) observes that women constitute 21 per cent of the appointed board chairpersons, while the global average is three per cent.
Female representation in C-suite roles in Kenya constitutes 37 per cent compared to 21 per cent globally, with the average age of Kenyan board members now standing at 47.6 years down from 55.8 years in 2017.