Independent Governance & Oversight
The AT50 Index is overseen by an independent Governance Council designed to ensure transparency, consistency, and accountability. The governance framework is strictly ring-fenced from all commercial partnerships and sponsorship activities to maintain impartiality.
- Council Composition: 21 total seats (11 confirmed members)
- Review Cadence: Quarterly assessments of index methodology and constituents
- Governance Controls: Documented decisions, full audit trail, conflict of interest disclosures, and recorded recusals
- Transparency: Periodic publication of governance summaries and methodology notes
Governance Structure
Oversight is delivered through two independent committees, supported by an administrative Governance Secretariat.
Capital Markets Readiness Council
External capital markets perspective ensuring market integrity and exchange alignment.
Composition
Exchange executives, market infrastructure operators, index specialists, Investor and regulatory experts with deep African capital markets experience.
Key Responsibilities
- •Strategic guidance on capital markets readiness indicators
- •Review market-referencing inputs and disclosure standards
- •Ensure alignment with international index standards
- •Annual governance effectiveness assessment
Methodology & Inclusion Committee
Independent methodology stewardship and inclusion oversight with technical expertise.
Composition
Index methodologists, governance experts, experienced technology operators, and academic researchers with quantitative and qualitative assessment expertise.
Key Responsibilities
- •Quarterly inclusion/exclusion decisions with documented rationale
- •Maintain six-pillar framework and scoring methodology
- •Review data quality, sources, and validation processes
- •Handle methodology appeals and dispute resolution
Governance Secretariat
Independent administrative coordination function
Independent administrative function that coordinates committee operations, maintains documentation and audit trail, manages submissions and corrections, and supports the quarterly review and disclosure cadence.
Note: The Secretariat is administrative and does not participate in scoring or inclusion decisions.
Key Responsibilities
- Coordinate committee meetings and communications
- Maintain documentation and audit trails
- Manage submissions and correction requests
- Support quarterly review and disclosure processes
Governance Council
Independent oversight of methodology integrity, transparency, and rule adherence.
What governance covers
- 1Uphold rule adherence and methodology integrity
- 2Maintain verification standards and data quality controls
- 3Apply consistent inclusion and review processes
- 4Document decisions and maintain an audit trail
- 5Preserve separation from sponsorship and commercial relationships
Review Cadence
Quarterly formal reviews, with ad-hoc review for material events
Formal quarterly reviews with ad-hoc sessions for significant events
Governance Principles
Independence
Council operates free of commercial influence, with mandatory disclosures and recusals.
Transparency
Material decisions are documented, and governance summaries are published periodically
Consistency
Criteria are applied consistently across companies and jurisdictions, based on published rules.
Accountability
Governance actions maintain an internal audit trail, supported by review notes and approvals.
Governance Council
Meet the leaders who provide independent oversight for the AT50 Index.
Karima El Hakim
Plug and Play
Partner
Egypt
Chris Godman
Standard Bank
Head, International ECM and Technology Advisory
UK
Abi Ajayi
London Stock Exchange
Head of Listing , Middle East & Africa
UK
Ariel White-Tsimikalis
Goodwin
Partner
UK
Freda Insigoma
Octopus Investments
Partner
UK
Iyin Aboyeji
Future Africa
Partner
Nigeria
Tracy Austin
Tangerine Advisory
Director
South Africa
Carl Odame Gyanti
Standard Chartered
Director
Kenya
Ali Hussein
Fintech Africa Network
Head
Kenya
Janade du Pleis
Launch Africa
Partner
South Africa
Yvonne Ike
Bank of America
Head, Africa
UK
Oversight Cycle
Quarterly Reviews
Methodology in practice
Continuous Oversight
Between formal cycles
Conflicts of Interest Framework
All Council members are required to disclose relevant interests and recuse themselves where conflicts exist.
Key Controls
Essential measures to ensure integrity
Annual conflict declaration, with ongoing updates
Immediate disclosure of potential conflicts
Mandatory recusals recorded in governance notes
Restrictions on sharing non-public index information
Prohibition on trading or advising based on non-public index decisions
Governance Inquiries & Submissions
For governance questions, data submissions, or correction requests, contact the Governance Secretariat
Meet the Governance Council
The AT50 Index is stewarded by distinguished leaders from across African capital markets and technology. Learn about the experts who ensure our independence, transparency, and market integrity.