Female board representation hits an all-time high

Female board representation hits an all-time high

Gender diversity on ASX 200 boards has hit an all-time high at the end of 2018, with nearly 30 per cent of board positions filled by women.

This is a huge milestone for Australian companies who have hit this target without any regulatory intervention or quotas.

The Australian Institute of Company Directors (AICD) says the 29.7 per cent female representation is an increase of over 10 percentage points since the organisation called for ASX 200 companies to achieve 30 per cent women on boards by the end of 2018.

According to AICD managing director and chief executive officer Angus Amour, Australia is the first country in the world to achieve 30 per cent diversity in the top 100 boardrooms without intervention.

"There is no doubt that corporate Australia has heard the message about the value of gender diversity in boardrooms," says Amour.

"Diverse boards help prevent group-think, leading to better outcomes for shareholders, consumers, employees and the community. They promote greater innovation and improved bottom lines."

Over the course of 2018, 45 per cent of all appointments to ASX 200 boards were women. For almost half of those appointed it was their first ASX 200 appointment.

Amour says there is still plenty of work to be done to achieve true gender diversity.

"Of course, 30 per cent remains the floor and not the ceiling for gender diversity," says Amour.

"We intend to continue advocating for gender parity on Australian boards."

There were just four ASX 200 companies with no women on their boards at 31 December 2018: AMP Limited, ARB Corporation, Emeco Holdings Limited, and TPG Telecom.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Does your pay structure answer today's challenges?
Partner Content
If you are not reassessing how your organisation remunerates and rewards employees as a...
Aon
Advertisement

Related Stories

Solar champions Anson Zhang and Jeff Yu win Sydney Young Entrepreneur of the Year Award

Solar champions Anson Zhang and Jeff Yu win Sydney Young Entrepreneur of the Year Award

It was a case of third time's a charm last night for the founde...

ANZ sued by ASIC over alleged lending failures

ANZ sued by ASIC over alleged lending failures

One of the country’s largest banks is in the sights of the Au...

Beach Energy taken to the Federal Court by shareholders

Beach Energy taken to the Federal Court by shareholders

Slater and Gordon (ASX: SGH) has launched a class action against Ad...

Shine launches class action against QSuper

Shine launches class action against QSuper

Members of QSuper have filed a class action against the super fund ...