Barometer of Governance: Moroccan Companies Moving Towards More Independent and Sustainable Management
The General Confederation of Enterprises of Morocco revealed today in Casablanca the results of the third edition of the Responsible Governance Barometer, overseen by its Ethics and Governance Committee in partnership with the Casablanca Stock Exchange, the Moroccan Capital Markets Authority, and the Moroccan Business Association.
This barometer aims to monitor the evolution of governance practices within Moroccan companies, supporting economic actors in establishing a management model that is more transparent and sustainable, aligned with international standards in this area.
The third edition of the index relies on data analysis extracted from reports of 92 Moroccan companies for the year 2024, based on more than one hundred indicators to assess governance for each company.
The results showed a noticeable improvement in the areas of diversity and independence, with the percentage of female representation on boards of directors reaching 29%, while the separation between the roles of board chair and CEO increased by nine points compared to 2022. The attendance rate of board members at meetings was 94%, with an average of 4.6 meetings during the same year, while independent members chaired about 76% of audit committees.
The report indicated that 55% of companies rely on at least one international governance framework, while 73% regularly publish social responsibility reports, reflecting a growing maturity in transparency and non-financial reporting.
Mehdi El Tazi, Vice President of the General Confederation of Enterprises of Morocco, emphasized during the press conference dedicated to presenting the results that this third edition reflects an increasing awareness among Moroccan companies of the importance of responsible governance as a key factor in enhancing performance and competitiveness, highlighting that the private sector is becoming more committed to the principles of independence, diversity, and accountability in its management.
