Image: AI Illustration
Women's Representation in Tunisian Boardrooms Increases Despite Lack of Quotas A recent report on corporate governance at the Tunis Stock Exchange for 2025 has highlighted a significant increase in the number of women on the boards of listed companies in Tunisia. Despite the absence of legal quotas, the proportion of women on boards has risen from 13.5% in 2020 to 17.7% in 2024, and further to 19.5% in 2025.
The report notes that the increased presence of women on boards reflects a notable improvement in diversity within governance bodies. In 2024, the 74 listed companies had a total of 694 administrators, of which 123 were women. By 2025, the number of administrators had risen to 714, with 139 women, spread across 75 listed companies.
The analysis of governance structures in 2025 has also revealed a strengthening of independence. The number of independent administrators increased from 115 in 2024 to 121 in 2025, reflecting a growing demand for high-quality decision-making.
Furthermore, the report highlights a better representation of minority shareholders. Their number rose to 57 in 2025 from 51 in 2024. Additionally, among the 20 companies without minority representatives in 2025, 14 have already initiated the process of calling for candidates, demonstrating an ongoing improvement dynamic.
According to the stock exchange, the observed developments are part of a progressive strengthening of governance practices, aiming for a better balance of decision-making bodies, increased transparency, and more inclusive representation.
Read also: The Tunisian Amira Romani among the 50 women shaping the future of Germany
