African board members, Petrobras corruption scandal, synthetic rhino horn breakthrough and Facebook privacy row
Female directors in Africa
Nairobi-based East African Breweries is leading the way in Africa in the proportion of women on its board, according to a survey by the African Development Bank (ADB). Of the Kenyan company's 11 board members, five are women. In Kenya overall, women hold about one in five board positions. Women are also prominent in a number of large companies in South Africa. For example, more than 30% of board positions in Impala Platinum Holdings, Kumba Iron Ore and Woolworths Holdings are held by women. But overall, Africa is lagging. The ADB found that women hold 12.7% of board directorships in 307 listed companies from 12 African countries, compared with a global rate of about 17%. However, Africa is far ahead of Japan, where just 1.5% of board members are women, according to Bloomberg. The ADB report is available here.
Brazil bosses arrested
A major corruption scandal involving Petrobras, Brazil's state-owned oil company, escalated in June with the arrest of the chief executives of Latin America's two biggest construction firms. Prosecutors allege that Marcelo Odebrecht, boss of Odebrecht, and Otavio Marques Azevedo, CEO of Andrade Gutierrez, participated in a cartel that paid billions of dollars in bribes to...