Connect with us

Hi, what are you looking for?

Kenya

NSE joins the 30% club to promote gender equality within the Capital Markets

NAIROBI, Kenya, Feb 17-The Nairobi Securities Exchange has joined a global campaign to champion for at least 30 percent representation of women on board levels in listed companies.

By joining the 30 percent club, the NSE will champion for at least 30 percent representation of women on boards and senior management of companies listed on the NSE and within the larger Capital Markets.

NSE Chief Executive Officer Geoffrey Odundo said the move will also lead to other firms joining the narrative where diversity will also improve the performance of the companies.

“This membership will sort of provide encouragement for other firms to follow suit because we see these companies that have diversity, we are seeing a very good co-relation of a good performance of its share price,” said Odundo.

New Revenue Solutions Africa Zuhura Odhiambo added that the opportunity also allows other women seated on boards to learn from each other.

“The 30 percent inclusivity ensures that we are having women seated on boards to learn from each other,” said Odhiambo.

As a member of the UN Global Compact and the UN Sustainable Stock Exchanges Initiatives, the NSE is keen on supporting listed companies’ leverage on diversity as they seek to enhance their competitive edge.

The 30 percet Club is a global organization started in the UK as a response to the Lord Davies report on gender diversity in the corporate world.

It is an international group of Chairmen, CEOs, senior executives and senior partners of the private sector and state-owned organizations that are publicly committed to achieving and sustaining at least 30percent of women on board.

Advertisement. Scroll to continue reading.

Focus is also placed on the pipeline development to create sustainable change.

The campaign has expanded its international footprint with a presence in multiple countries/regions around the world.

The initiative is also the first in a series of events to commemorate this year’s International Women’s Day.

1 Comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...