The fifth edition of the annual monitoring report from the Women on Boards Observatory at AUC announced Monitoring Report for 2022.
According to the research. The percentage of women on boards increased by 3% between 2021 and 2022, from 6.7% to 19.7%. The 2022 WoB annual report, includes 236 EGX-listed companies, 34 banks, and 676 non-banking financial sector companies. In addition to 82 public sector enterprise companies (holding and affiliate companies). It tracked the representation of women on boards and in senior leadership positions of nearly 1000 companies and banks. The 30% women on boards goal set by the National Strategy for Empowerment of Egyptian Women will finish in 2023. Maintaining the 3% yearly rise pattern attained over the previous three years. This will allow all categories to fulfill this goal by 2026.
With 22% of women on boards in 2022, the non-banking financial sector will still be in the lead. Followed by the Egyptian Exchange (17.3%), the banking industry (16.5%), and the public enterprise sector (9.3%). There are currently 1320 women on boards in these categories, up from 1043 the year before. To meet the 2023 strategy goal. There will need to be an additional 86 women on boards per year, according to estimates.
Quote by Ghada Howaidy, Associate Dean at AUC School of Business and Founder of Women on Boards Observatory at AUC
“Egypt Women on Boards Observatory is pleased with the progress achieved by companies and banks. To increase the representation of women on boards. Which will ultimately lead to achieving the 2030 target of 30% women on boards earlier than anticipated,” said Ghada Howaidy. Additionally that the Observatory is still dedicated to helping businesses and banks find qualified women on their boards. Howaidy revealed that women sign up for the database by completing an online membership registration form. By completing a board placement request form. “The Observatory offers free board placement service. To support businesses across a variety of industries and banks in realizing the advantages of increased diversity”
About Women on Boards Observatory at AUC
Egypt Women on Boards Observatory was established in 2017 by a group that AUC’s School of Business helped to organize. Within the framework of the National Council for Women. it is acknowledged as a specialized observatory and promotes the inclusion of 30% of women on Egyptian boards by the year 2030. The Observatory won the AMBA & BGA Excellence Awards 2022/23 as well as the AACSB Innovations That Inspire Award in 2022.
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