Responsible Governance Barometer — Morocco 2025
Governance practice across the 92 Moroccan publicly-traded companies, benchmarked against European standards. Produced by the CGEM, the AMMC, the Casablanca Stock Exchange and the APE, with methodological support from Ethics & Boards. The 2025 edition: boards average 9.4 members, 84% one-tier.
Casablanca, 30 October 2025 — the third edition of Morocco's Responsible Governance Barometer was unveiled at a conference held by the CGEM, which led this edition with the AMMC, the Casablanca Stock Exchange, the APE and Ethics & Boards.
Ethics & Boards has been the methodological partner of this barometer since its creation. Now in its third edition, it has become a fixture for everyone working on governance in Morocco. It sets out an up-to-date picture of governance practice at Moroccan companies making public offerings, and measures the progress they make each year on responsible governance.
The full results of the third edition: significant advances, and where further improvement lies.
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