Top 20 Companies on PWR’s ‘2022 NGX Top 20 Gender Diversity Scorecard’ Have Women on their Boards

According to the 2022 PWR NGX Top 20 Gender Diversity Scorecard, the top three listed businesses having women in board positions are Lafarge Africa Plc, Nigerian Breweries Plc, and Stanbic IBTC. The three companies each have 45.5 per cent female board representation.

The scorecard measures female representation on the boards of the 20 largest companies by market cap listed on the Nigerian stock exchange.

Now in its third year since its debut in 2020, the scorecard reveals that the percentage of women sitting on the boards of the NGX top 20 businesses has increased to 27.9 per cent from 23.4 per cent in the previous year. It reveals that 50% of the top 20 corporations have at least 30% female representation on their boards, up from 25% last year.

Lafarge Africa Plc, Nigerian Breweries, and Stanbic IBTC are all in first place on the scorecard, with 45.5% female board representation. Guinness Nigeria comes in second with 36.4%. Following Guinness are Access Holding Plc (33.3%), Guaranty Trust Holdings Company Plc (33.3%), Transnational Corporation Plc (33.3%), the United Bank for Africa Plc (31.3%), Airtel Africa Plc (30.8%), and Seplat Energy Plc (30.8%).

Also, for the first time in three years, one of the 20 largest listed companies (Transcorp Group) is helmed by a female CEO, Owen Omogiafo.