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For the first time in history, WIMA in partnership with PWR Advisory is pleased to release the Gender Diversity scorecard Edition 1 which analyses the level of female representation on the boards of the 28 companies listed on the Dar es Salaam Stock Exchange (DSE)
As this report reveals, female board representation in Tanzania’s listed companies is 21.6%. It is clear that much more needs to be done to accelerate board gender diversity and unlock untapped value for companies and for society at large. With concerted multi-stakeholder effort over the next 12 months, the participation of women on boards in Tanzania can increase significantly. Businesses and communities in Tanzania and across the African continent, in general, will reap significant economic returns by fully unleashing the potential of half the population. Corporate boards as custodians of economic prosperity have a key role to play in achieving this. In the increasingly complex and volatile business environment with exponential levels of risk that companies operate in today, there is safety in diversity. It is a valid risk mitigation strategy. Inclusive leadership can be the game-changer for bridging gaps and achieving inclusive growth in our economies. It’s a win-win for all.
Here are some key findings:
*21.6% of board directorships on the companies listed on the DSE are held by women.
*28,6% of the companies have at least 30% female representation on their boards. According to research, minorities start to have an impact at a 30% representation threshold.
*1 company (3.6%) is led by a female CEO.
*None of the 28 listed companies under Dar es salaam stock exchange has a female board chair.
*25% of listed companies do not have any female representation on their boards.Read