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GENDER	GAP	IN	CORPORATE	GOVERNANCE	:	
AFRICA	
Karima	BOUAISS	–	Associate	Professor	in	Finance	–	Poi7ers	School	of	
Management	–	CEDE	ESSEC	Business	School	
Elian	CARSENAT	–	NamSor,	Gender	Gap	Grader	co-Founder	
	
WOMEN'S	FORUM		
CEO	CHAMPIONS	
Mee7ng	the	climate	challenge	for	SIDS	and	Africa	
20-21	JUNE	2016	
Republic	of	Mauri>us	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED
Gender	Gap	-	Methodology		
•  Source:	ORBIS	(BvD)	–	CEDE	ESSEC	
Business	School	
	
•  3,961	companies:	large	&	very	large	
	
•  19,615	individuals	with	prominent	
posi>ons	
	
•  ORBIS	gender	field,	combined	with	
NamSor	Gender	API	
	
•  Titles	grouped	as	CEO,	CFO,	COMEX,	
Chairman,	Chair,	Directors	
16096	
2681	
838	
M	
F	
U	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
Overall	gender	gap
Age	of	individuals	
90%	
83%	
76%	
85%	
91%	
96%	 96%	
10%	
17%	
24%	
15%	
9%	
4%	 4%	
0%	
20%	
40%	
60%	
80%	
100%	
<	25	 25	-	35	 36	-	45	 46	-	55	 56	-	65	 66	-	75	 >	75	
F	
M	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED
Region	of	company	
92%	
83%	 85%	 86%	
81%	
8%	
17%	 15%	 14%	
19%	
0%	
20%	
40%	
60%	
80%	
100%	
Northern	Africa	 Western	Africa	 Middle	Africa	 Eastern	Africa	 Southern	Africa	
F	
M	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED
Size	of	company	
85%	
86%	
91%	
97%	
87%	
96%	
93%	
96%	
15%	
14%	
9%	
3%	
13%	
4%	
8%	
4%	
0%	 20%	 40%	 60%	 80%	 100%	
DIRECTOR	
CHAIR	
CHAIRMAN	
CEO	
DIRECTOR	
CHAIR	
CHAIRMAN	
CEO	
Very	large	company	Large	company	
M	
F	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED
Performance	of	company	
84%	
86%	
85%	
16%	
14%	
15%	
0%	 20%	 40%	 60%	 80%	 100%	
ROE	>	15%	
15%	≥	ROE	>	0	
ROE	<	0	
M	
F	
95%	
81%	
96%	
84%	
100%	
85%	
5%	
19%	
4%	
16%	
0%	
15%	
0%	 10%	 20%	 30%	 40%	 50%	 60%	 70%	 80%	 90%	 100%	
CEO	
COMEX	
CEO	
COMEX	
CEO	
COMEX	
ROE	>	15%	15%	≥	ROE	>	0	ROE	<	0	
M	
F	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED
Corporate	governance		
86%	
88%	
91%	
85%	
14%	
12%	
9%	
15%	
0%	 20%	 40%	 60%	 80%	 100%	
BOARD	OF	DIRECTORS	
CHAIR	
CHAIRMAN	
DIRECTOR	
M	
F	
97%	
89%	
82%	
3%	
11%	
18%	
0%	 20%	 40%	 60%	 80%	 100%	
CEO	
CFO	
COMEX	
M	
F	
ExecuDve	posiDons	
Board	of	Directors	composiDon	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED
Women	into	posi>ons	of	responsibility:	
Chairwomen		
91%	
9%	
M	
F	
11%	
6%	
0%	
10%	
11%	
3%	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
Gender	gap	
Mauri>us
Women	into	posi>ons	of	responsibility:	
Chair	of	commiYee		
88%	
12%	
M	
F	
10%	
9%	
5%	
3%	
20%	
3%	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
Gender	gap	
Mauri>us
Women	into	posi>ons	of	responsibility:	
Directors		
16%	
14%	
25%	
8%	
19%	
8%	
85%	
15%	
M	
F	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
Gender	gap	
Mauri>us
Women	into	posi>ons	of	responsibility:	
Chief	execu7ve	officer	(CEO)	
4%	
4%	
0%	
2%	
6%	
3%	
97%	
3%	
M	
F	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
Gender	gap	
Mauri>us
Women	into	posi>ons	of	responsibility:	
Chief	financial	officer	(CFO)		
16%	
13%	
14%	
5%	
14%	
15%	
89%	
11%	
M	
F	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
Gender	gap	
Mauri>us
Women	into	posi>ons	of	responsibility:	
	Member	of	execu7ve	commiYee	
31%	
15%	
31%	
6%	
18%	
14%	
82%	
18%	
M	
F	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
Gender	gap	
Mauri>us
Overview		–	Sector	of	company	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
85%	
87%	
82%	
90%	
86%	
15%	
13%	
18%	
10%	
14%	
0%	 10%	 20%	 30%	 40%	 50%	 60%	 70%	 80%	 90%	 100%	
Services	sector	
Industrial	Sector	
Financial	Sector	
Primary	sector	
Total	
M	
F
Primary	sector	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
100%	
90%	
95%	 93%	 92%	 90%	
0%	
10%	 5%	 8%	 8%	 10%	
0%	
20%	
40%	
60%	
80%	
100%	
CEO	 CFO	 COMEX	 CHAIRMAN	 CHAIR	 DIRECTOR	
F	
M
Financial	sector	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
97%	
84%	
79%	
91%	 88%	
82%	
3%	
16%	 21%	
9%	 12%	
18%	
0%	
20%	
40%	
60%	
80%	
100%	
CEO	 CFO	 COMEX	 CHAIRMAN	 CHAIR	 DIRECTOR	
F	
M
Industrial	sector	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
98%	
91%	
82%	
92%	
86%	 87%	
2%	
9%	
18%	
8%	 14%	 13%	
0%	
20%	
40%	
60%	
80%	
100%	
CEO	 CFO	 COMEX	 CHAIRMAN	 CHAIR	 DIRECTOR	
F	
M
Services	sector	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
95%	
89%	
84%	
91%	 87%	 86%	
5%	
11%	 16%	
9%	 13%	 14%	
0%	
20%	
40%	
60%	
80%	
100%	
CEO	 CFO	 COMEX	 CHAIRMAN	 CHAIR	 DIRECTOR	
F	
M
Individuals	na>onality	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED	
87%	
8%	
2%	
2%	
AFRICA	
EUROPE	
MIDDLE	EAST	
ASIA	
NORTH	AMERICA	
SOUTH	AMERICA	
79%	
93%	
98%	
97%	
93%	
86%	
21%	
7%	
2%	
3%	
7%	
14%	
0%	 20%	 40%	 60%	 80%	 100%	
SOUTH	AMERICA	
NORTH	AMERICA	
ASIA	
MIDDLE	EAST	
EUROPE	
AFRICA	
M	
F
GENDER	GAP	IN	CORPORATE	GOVERNANCE	:	
AFRICA	
Karima	BOUAISS	–	Associate	Professor	in	Finance	–	Poi7ers	School	of	
Management	–	CEDE	ESSEC	Business	School	
Elian	CARSENAT	–	NamSor,	Gender	Gap	Grader	co-Founder	
	
WOMEN'S	FORUM		
CEO	CHAMPIONS	
Mee7ng	the	climate	challenge	for	SIDS	and	Africa	
20-21	JUNE	2016	
Republic	of	Mauri>us	
©	2016		Karima	BOUAISS	&	Elian	CARSENAT	-		ALL	RIGHTS	RESERVED

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Gender Gap in Corporate Governance : AFRICA