Transcorp leads in female appointments as companies strengthen boards in 2020

According to a report by the Nigerian Stock Exchange (NSE), Transcorp Holdings Limited has emerged as the company with the highest number of female appointments to its board in 2020.

The report, which analyzed the composition of the boards of listed companies on the NSE, found that Transcorp had the highest number of female directors, with a total of 5 female directors out of a total of 13 directors on its board.

This is a significant development, as it reflects the company's commitment to promoting gender diversity and inclusion in its leadership structure. The report noted that Transcorp's board composition is now more representative of the company's diverse stakeholders, including women.

The report also found that other companies, such as Dangote Cement Plc, Nestle Nigeria Plc, and Unilever Nigeria Plc, have also made significant strides in appointing more women to their boards.

The trend towards increasing female representation on company boards is a positive development, as it can bring a range of benefits, including improved decision-making, increased diversity of thought, and better representation of the company's diverse stakeholders.

The report noted that the trend towards increasing female representation on company boards is driven by a range of factors, including the growing recognition of the importance of diversity and inclusion, the need to attract and retain top talent, and the increasing pressure from investors and other stakeholders to promote gender diversity.

Overall, the report suggests that the trend towards increasing female representation on company boards is a positive development that can benefit both companies and society as a whole.

Here are some key findings from the report:

• Transcorp Holdings Limited had the highest number of female directors, with 5 out of 13 directors on its board.
• Dangote Cement Plc had 4 female directors out of a total of 14 directors on its board.
• Nestle Nigeria Plc had 3 female directors out of a total of 12 directors on its board.
• Unilever Nigeria Plc had 2 female directors out of a total of 11 directors on its board.
• The average number of female directors on the boards of listed companies on the NSE was 2.5 out of a total of 10 directors.
• The report noted that the trend towards increasing female representation on company boards is driven by a range of factors, including the growing recognition of the importance of diversity and inclusion, the need to attract and retain top talent, and the increasing pressure from investors and other stakeholders to promote gender diversity.

Overall, the report suggests that the trend towards increasing female representation on company boards is a positive development that can benefit both companies and society as a whole.