NSE firms fare badly on gender parity
SEE ALSO :Prelate thanks Pope for new jobWhen it comes to women on top, seven companies, representing 12 per cent, have a female CEO. These are BOC Kenya, British American Tobacco Kenya, DTB Kenya, Eveready East Africa, KenGen, Limuru Tea, and STANLIB Fahari I-Reit. At 26 per cent, Kenya ranked higher than the USA, Japan and Hongkong in terms of gender equality score. In comparison, there are seven female CEOs in the FTSE 100 companies (London Stock Exchange) and 33 female CEOs in Fortune 500 companies (highest-grossing companies in the US), a seven per cent representation for each. Twelve companies (20 per cent) have a female Chief Finance Officer (CFO), while three companies (five per cent) have a female chairperson.
SEE ALSO :Fears over TZ wildlife corridorThe report was published by Danish research firm Equileap in partnership with New Faces New Voices and NSE. It says 62 per cent of the companies (37) do not have a composition of the gender of their workforce. Also, no company published information on pay differences between males and females or a strategy that explains how they plan to deal with the pay gap. Releasing the report yesterday, Equileap CEO Diana van Maasdijk said there was “limited transparency” on the pay gap information despite Kenya edging out some more advanced countries. “The report shows that Kenyan listed companies are outperforming their global counterparts in certain areas, with more female CEOs than the FTSE 100 for instance. However, this stronger female leadership and commitment to gender equality still needs to be accompanied by greater transparency in areas such as the gender pay gap, which currently goes undisclosed in Kenya,” she said.
SEE ALSO :Listed firms hit by slowing economyAccording to the report, the four are the only listed firms that offer employees flexibility in terms of both hours and location.
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