Africa’s Largest Non-Executive and Independent Directors’ Fees, Performance and Diversity Survey for Privately-held and Family Businesses:
The 2020 edition of Africa’s Non-Executive and Independent Directors’ Fees, Performance and Diversity Survey for Privately-Held and Family Businesses report aims to provide valuable insights into the status of boardrooms across Africa.
2020 Research Highlights
The 2020 Africa’s Non-Executive and Independent Directors’ Fees, Performance and Diversity Survey for Privately-Held and Family Businesses assesses three key areas supporting improvement in board performance across Africa: Non-executive and independent director fees; Board performance and the impact of independent directors on board performance; and Board diversity with respect to gender, number of ethnicities represented and board member age.
- Average remuneration paid to non-executive and independent directors increased from US$14 074 in 2019 to US$16 008 in 2020.
- Boards with at least one independent director outperformed boards without any independent directors.
- Only 23 percent of board members are female, yet 67 percent of boards with at least one female reported higher impact on the company in terms of performance, and increased EBITDA.
- 51 percent of boards across Africa have only one ethnicity in the boardroom, yet businesses with two or more ethnicities reported higher EBITDA.
The report also provides perspective on African boards, from board size to composition, the frequency of board meetings and whether or not businesses are conducting board evaluations to monitor and improve performance. The report is rich in detail and provides a benchmark for African boards.
Download your copy of the report now to learn more.