WOMEN'S FORUM - CEO CHAMPIONS Meeting the climate challenge for SIDS and Africa 20-21 JUNE 2016 Republic of Mauritius

1. 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

2. 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

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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

14. 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

15. 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

16. 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

17. 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

18. 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

19. 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

20. 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