If you are under 35 years and don’t
poses a first degree you stand no
chance of representing a board in
the country, new industry findings
have show.
A 2024 survey by Kenya Institute of Management and Kenya
Private Sector Alliance, shows that
board members are predominantly
aged 46 and above and 58.1 per
cent have at least an undergraduate degree.
The number of board members
holding postgraduate qualifications is the highest at 59.4 per cent
with Doctor of Philosophy (PhDs).
Possessing these qualifications
does not guarantee you the position, as the study shows that board
chair appointments are dominated
by for ethnic communities.
“Analysis of the ethnic backgrounds of board chairpersons
across organisations reveals that
74 per cent of these roles are held
by individuals from four major ethnic communities, which together represent 56 per cent of the Kenyan population,” said KIM CEO
Muriithi Ndegwa in the report.
The report however does not
mention the ethnic communities.
The survey also reveals a concerning decline in the representation of women in boardrooms
and top executive roles in Kenya,
raising fresh concerns over gender
parity in corporate leadership.
The proportion of women holding board positions has dropped
from 36 per cent in 2021 to 35 per
cent in 2024, marking a slight but
significant decline after years of
steady progress.
“Our research shows that 67
per cent of CEOs/MDs are male,
while 32 per cent are female. This
indicates a significant gender imbalance and underscores the need
for more targeted initiatives to
promote female leadership at the
executive level,” added Ndegwa.
The survey reveals a strong
board representation of professionals with backgrounds in accounting, finance, audit, business
management, entrepreneurship,
academia, education and legal.
While Kenya has been recognized as one of Africa’s leaders in
promoting gender diversity in corporate governance, this downturn
signals a potential setback.
The findings show that the proportion of women serving as board
chairpersons stands at a mere 21.3
per cent.
Data shows that the percentage
of women in board positions rose
from 12 per cent in 2012, 21 per
cent in 2017 to 36 per cent in 2021.
2024 registered a slight but significant decline to 35 per cent in 2024.
The report highlights that 80 per
cent of boards still have more male
than female members, with 35 per
cent dominated by a strong male
majority of eight to ten men.
Conversely, only 12 percent
of boards have five to six female
members, underscoring the persistent imbalance.
Despite the increased push for
more women and youths’ representation in boards and senior
management roles, it is emerging
that, the industry is yet to adopt
this.
Experts from KEPSA and KIM
warn that this downward trend
could stall Kenya’s progress in
achieving gender equity in leadership and governance.
They
emphasize the need for renewed efforts in implementing policies
that support female advancement
into top corporate roles.
Analysts suggest that several factors may be contributing to this
decline in women’s representation,
including structural barriers, cultural perceptions, and a lack of
strong enforcement of gender inclusion policies.
Despite increased awareness of
diversity and inclusion, the pace
of change remains slow, and organizations are urged to do more
to ensure equitable representation.
The survey also highlights a predominance of Christians (62per
cent) in board composition, with
limited representation from other religious groups, indicating
potential areas for improvement
in religious diversity but noting
most religions are underrepresented juxtaposed against their total
population.
The data indicates that 57per
cent of organizations have no
PWDs on their boards, while 22per
cent have only 1 to 2 PWDs, suggesting that PWD representation
at the board level is generally low.
However, 10per cent of organizations have made significant
strides in including 3 or more
PWDs in their boards, showing a
growing commitment to diversity
and inclusion.
The findings suggest that more
organizations need to focus on
increasing the representation of
PWDs in leadership roles to foster
more inclusive environment.
Additionally,6 per cent of board
chairpersons are non-Kenyan, reflecting a degree of international
leadership presence.
Minority ethnic groups account
for only10 per cent of board chair
positions.