In the competitive landscape of the cement industry, where giants like Dangote, Lafarge, and BUA dominate, one could at a different angle of comparison like the representation of women on their boards. This factor, often overlooked, is a crucial indicator of diversity and inclusion within these corporations.
While each company displays a commitment to diversity, the number of women on their board not only showcases the company’s dedication to gender diversity but also highlights the evolving nature of corporate governance in traditionally male-dominated industries. The presence of accomplished women on the boards of Dangote, Lafarge, and BUA is a testament to their skills, experiences, and the value they bring to the industry.
How Lafarge tops the gender diversity index
Lafarge Africa Plc stands out in gender diversity with an impressive 45.5% of its board seats occupied by women, a substantial increase from 40% in 2020. This achievement, recognized by the PWR NGX Top 20 Gender Diversity Scorecard, aligns with Lafarge’s commitment to diversity and inclusion, which is integral to its sustainability strategy. The company’s focus on female representation, reflected in the presence of six women on its board, including Mrs. Elenda Giwa-Amu, Mrs. Adenike Ogunlesi, and Mrs. Karine Uzan Mercie, correlates with its strong performance in the industry.
Dangote Group takes the second spot
Dangote Group, with four women on its board, has a shot at promoting gender diversity. These women, including Dorothy Udeme Ufot SAN, Cherie Blair CBE, QC, Berlina Moroole, and Halima Aliko-Dangote, represent a significant presence, indicating a commitment to gender inclusivity. This diverse board composition potentially influences Dangote’s growth and success. By integrating varied perspectives and experiences, these women likely contribute to innovative strategies and decision-making processes.
Reinforcing the importance of gender diversity not only as a social responsibility but also as a key factor in corporate success.
BUA Group has two women
In terms of female representation, BUA Group’s board includes two women, Senator Khairat Abdulrazaq-Gwadabe, serving as an Independent Director, and Hauwa Garba-Satomi, the Company Secretary/Chief Legal Officer which is relatively low compared to others. Compared to other big companies in the industry, BUA has fewer women in these important roles, showing their current approach to including women at the top level of their company.
Although Dangote, Lafarge, and BUA Group are leading examples in Nigeria’s cement industry for their exceptional quality and continuous expansion, there’s room for improvement in promoting gender diversity within their leadership. Enhancing the representation of women on their boards to match that of their male counterparts would not only strengthen these companies but also serve as an inspiring example for other major Nigerian businesses.
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