{"id":587617,"date":"2023-05-30T00:00:00","date_gmt":"2023-05-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/female-representation-on-local-companies-boards-doubles-in-four-years-but-theres-still-a-long-way-to-go\/"},"modified":"2023-05-30T00:00:00","modified_gmt":"2023-05-30T00:00:00","slug":"female-representation-on-local-companies-boards-doubles-in-four-years-but-theres-still-a-long-way-to-go","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/female-representation-on-local-companies-boards-doubles-in-four-years-but-theres-still-a-long-way-to-go\/","title":{"rendered":"Female representation on local companies\u2019 boards doubles in four years \u2014 but there\u2019s still a long way to go"},"content":{"rendered":"

<\/span>Nearly a fifth of Egyptian board members are women:<\/span> The proportion of women on Egyptian <\/span>company boards rose three percentage points on the year before to <\/span>19.7%<\/span> in 2022, according to the <\/span>Egypt Women on Boards (WoB) Observatory\u2019s<\/a><\/span> annual <\/span>monitoring report (<\/a><\/span>pdf<\/a><\/span>)<\/a><\/span>. More than 1.3k women sat on Egyptian boards last year \u2014 26.6% more than in 2021. <\/span><\/p>\n

Methodology: <\/span>The report collects data on the boards of nearly 1k companies, including 676 non-banking financial service (NBFS) firms, 236 EGX-listed companies, 82 public sector enterprises, and 34 banks. <\/span><\/p>\n

There\u2019s still a long way to go \u2014 but improvement has been marked in recent years. <\/span>The proportion of women on boards has almost doubled since 2019, when only 10% of board members were female. That marks an average annual growth rate of 32.1% over the last four years. If that growth is sustained,<\/span> the country could reach the WoB Observatory\u2019s target of having 30% of board seats filled by women by 2026 \u2014 ahead of its 2030 goal. <\/span><\/p>\n

Leading the pack are NBFS firms<\/span>, where women hold some 22% of overall board seats. More than a quarter of NBFS firms have already reached the 30% target. In second place are EGX-listed firms, where women account for more than 17% of board members and just over 10% of firms have met the target. The banking sector came in third: 16.5% of board members are women and nearly 12% of banks have met the 30% goal. <\/span><\/p>\n

The public sector is a distant fourth place:<\/span> Just over 9% of board seats at public-sector companies are held by women and less than 4% have met the target. <\/span><\/p>\n

Regulations to boost female representation seem to be working: <\/span>Under rules brought in by the Financial Regulatory Authority in 2021, women must account for <\/span>at least 25%<\/a><\/span> or two seats on the boards of EGX-listed firms and NBFS companies, while the <\/span>central bank<\/a><\/span> in the same year said banks must have at least two women on their boards. The increase in women on boards between 2021 and 2022 could be a result of \u201ceffective compliance with regulators\u2019 decrees and decisions,\u201d says the report, though it notes that \u201csome companies and banks believe in diversity\u201d and had already brought on at least two women to their boards before the decisions came into effect. <\/span><\/p>\n

But all-male boards are still a thing: <\/span>The number of companies who continue to have zero female representation on their boards is shrinking across all four categories, but all-male boards haven\u2019t yet been consigned to history. Nearly 48% of public-sector enterprises have no female representation, though that figure is down from 72.5% in 2019. The figure stands at 15.1% among NBFS firms (down from 58.8%), 10.2% among EGX-listed firms (down from 53.3%), and 8.8% among banks (down from 26.5%). <\/span><\/p>\n

There\u2019s been little improvement in the number of women heading up big firms \u2014 and even a decline in some sectors. <\/span>Only 16 of the 236 EGX-listed firms were chaired by women in 2022 \u2014 an increase of just one on the year before. Three of the 34 banks surveyed were chaired by women, down from five a year before. The public sector showed some improvement, with the number of chairwomen doubling to six out of 82 in 2022. Of the 676 NBFS firms, those with women at the helm dropped by almost half from 28 to 16 \u2014 even as the number of companies in the sector grew more than 5%. <\/span><\/p>\n

Qualified women are out there \u2014 and the Observatory has already done the legwork to find them.<\/span> The WoB Observatory \u201c<\/span>remains committed to <\/span>supporting companies and banks in finding qualified women to serve on their boards through the AUC Egyptian Board Ready Women database,\u201d Ghada Howeidy, associate dean at the AUC School of Business and <\/span>the observatory\u2019s founder<\/span>, told Enterprise. Supported by UN Women Egypt, the database includes over 1k qualified women across 26 economic sectors, she said. The Observatory matches women in its database to organizations looking for board members at no cost. Women interested in joining the database can <\/span>apply here<\/a><\/span>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

That\u2019s according to a new report from AUC\u2019s Egypt Women on Board Observatory<\/p>\n","protected":false},"author":1,"featured_media":587618,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10634],"tags":[169,10633,72,375],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-587617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-governance","tag-auc","tag-corporate-governance","tag-enterpriseam","tag-gender","wpautop","entry"],"acf":{"mongo_id":"20b3790a-bc79-45ec-8e77-70993eb64f8f","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1596.jpg","photo_position":"above","homepage_title":"Female representation on local companies\u2019 boards doubles in four years","full_issue_title":"Female representation on Egyptian companies\u2019 boards doubles in four years but remains below 20%","related_issue":[587606],"teaser":"That\u2019s according to a new report from AUC\u2019s Egypt Women on Board Observatory","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.cf624161-0fdb-44a1-bd56-cba9b4b322f2.mp3"},"yoast_head":"\nFemale representation on local companies\u2019 boards doubles in four years \u2014 but there\u2019s still a long way to go - 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Women\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/237.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572078,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/10\/fra-launches-app-to-facilitate-recruiting-women-to-senior-roles\/","url_meta":{"origin":587617,"position":2},"title":"FRA launches app to facilitate recruiting women to senior roles","author":"enterpriseam admin","date":"10 June 2020","format":false,"excerpt":"The Financial Regulatory Authority has launched an app, \u2018Empowering Women,\u2019 to help companies recruit qualified women to leadership and decision-making roles in EGX-listed companies and across the finance sector, a statementby the authority said on Tuesday. Applicants upload their CVs to the app and preference will be given to women\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567564,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/egyptian-businesses-are-lagging-behind-the-rest-of-the-world-when-it-comes-to-gender-diversity-in-the-boardroom\/","url_meta":{"origin":587617,"position":3},"title":"Egyptian businesses are lagging behind the rest of the world when it comes to gender diversity in the boardroom","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"Egyptian businesses are lagging behind the rest of the world when it comes to gender diversity in the boardroom, according to research by the International Finance Corporation (IFC). Across 2,139 companies surveyed in the study, 25% only have one woman on their boards, a mere 3% have four or more,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/706.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669129,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/28\/women-on-boards-representation-has-more-than-doubled-since-2019-but-pace-of-growth-is-slowing\/","url_meta":{"origin":587617,"position":4},"title":"Women on boards representation has more than doubled since 2019, but pace of growth is slowing","author":"enterpriseam admin","date":"28 July 2025","format":false,"excerpt":"The non-banking financial sector is leading the pack, while public enterprise companies lag behind","rel":"","context":"In "Office life"","block_context":{"text":"Office life","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/office-life\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1722.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563552,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/more-women-please\/","url_meta":{"origin":587617,"position":5},"title":"More women, please","author":"enterpriseam admin","date":"7 July 2021","format":false,"excerpt":"EGX companies face new diversity targets: New listing rules announced by the Financial Regulatory Authority yesterday designed to promote female representation in boardrooms could shake up the traditionally male-dominated hierarchies of Egyptian corporates. Under the changes, the boards of EGX-listed firms and non-banking financial services companies will be required to\u2026","rel":"","context":"In "DIVERSITY"","block_context":{"text":"DIVERSITY","link":"https:\/\/enterpriseam.com\/egypt\/category\/diversity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/69.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/587617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=587617"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/587617\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/587606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/587618"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=587617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=587617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=587617"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=587617"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=587617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}