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

Get our daily business news

Sign up to our free email news updates.

 
Unpacking equity: Finding your funding fit
Partner Content
Armed with a growing business and a great opportunity, a business owner’s next challe...
Australian Business Growth Fund
Advertisement

Related Stories

Grays agrees to pay $10m fine for misleading car ads on its website

Grays agrees to pay $10m fine for misleading car ads on its website

Online auction platform Grays has agreed to pay a $10 million fine ...

Superloop board rejects "opportunistic" takeover offer from Aussie Broadband

Superloop board rejects "opportunistic" takeover offer from Aussie Broadband

The board of Superloop (ASX: SLC) has taken little time in assessin...

Akubra’s new CEO Natalie Culina marks a first for iconic hat manufacturer

Akubra’s new CEO Natalie Culina marks a first for iconic hat manufacturer

Australian hat manufacturer Akubra has enlisted retail industry exe...

Another industrial dispute at DP World is leading to crane shortages in Brisbane port

Another industrial dispute at DP World is leading to crane shortages in Brisbane port

A crippling strike at some of DP World's port terminals may hav...