Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Leadership

More Women Reach Corporate Board Level – Report


Wednesday, 12th March 2014 at 8:47 am
Staff Reporter, Journalist
The number of women on Australian corporate boards has more than doubled over the past four years, figures from the Australian Institute of Company Directors have revealed.

Wednesday, 12th March 2014
at 8:47 am
Staff Reporter, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
More Women Reach Corporate Board Level – Report
Wednesday, 12th March 2014 at 8:47 am

The number of women on Australian corporate boards has more than doubled over the past four years, figures from the Australian Institute of Company Directors have revealed.

Company Directors’ Chief Executive Officer, John Colvin, said the figures showed that while more progress still needed to be made, significant ground had been gained as Australian companies embrace the need for greater gender diversity on their boards and in senior management.

“A little over four years ago we announced our Board Diversity Initiative, which included a plan of action aimed at increasing the number of women on Australian boards,” Colvin said.

“We felt that the proportion of women on major company boards was not good enough and needed to be increased.

“We believed that we had to take a leadership role on this issue. We wrote to all chairmen of ASX200 companies outlining our initiatives, seeking their support in achieving greater representation for women on boards and in senior executive ranks.

“Believing that actions speak louder than words, we also introduced a range of practical programs which we thought would really make a difference – which have all since made a significant contribution to greater gender diversity on Australian boards.”

The figures show the percentage of female directorships on ASX200 boards has more than doubled from 8.3 per cent at January 1, 2010 to 17.6 per cent by February 14 this year.

Women now hold 23.8 per cent of directorships in the ASX20, 21.4 per cent of directorships on the ASX50 and 20.5 per cent of directorships on the ASX100.

The number of ASX200 boards without any female directors has more than halved from 87 boards in June 2010 to 42 boards. There are now only five ASX100 boards and one ASX50 board without a female director – and none in the ASX20.

The percentage of females among appointments to ASX200 boards increased from 5 per cent in the calendar year 2009 to 22 per cent in 2013 and women have made up 39 per cent of new appointments to ASX 200 boards to date in 2014.

The number of female Chairs on ASX200 boards has also doubled from five (2.5 per cent of all Chairs) in 2010 to 10 (5 per cent).

Over the past four years, Company Directors has launched a range of initiatives aimed at achieving greater gender diversity on boards and to help remove blockages in the “pipeline” of women rising through the ranks of senior management.

This included encouraging companies and boards to establish a diversity policy in which clear goals, and measurable milestones towards achieving these goals, are articulated, consistent with the particular requirements of their organisation, nature of the business and the stage of development of the business.

“A number of concrete measures which we have put in place have contributed to the real progress which is evident in the latest figures,” Colvin said.

“These include our successful Chairmen’s Mentoring Program, a world leading initiative now in its third year, the Board Ready program and our Board Diversity Scholarship programs, the first two of which have been in conjunction with the Federal Government.

“Over a quarter of the female appointments over the past four years are past or current mentees in our Chairmen’s Mentoring Program – and almost three quarters of the appointees are members of the Australian Institute of Company Directors.”

KEY FACTS

The following key outcomes have been identified from analysis of Company Directors’ figures for female non-executive director appointments to ASX200 boards over the last four years:

  • Total percentage of female directorships on ASX200 boards more than doubled from 8.3 per cent at January 1, 2010 to 17.3 per cent at January 1, 2014.

  • As at February 14 (the latest figures), this had risen further, with 17.6 per cent of directorships on the ASX200 occupied by women.

  • As at February 14, women held:

    • 23.8 per cent of directorships in the ASX20;

    • 21.4 per cent of directorships on the ASX50;

    • 20.5 per cent  of directorships on the ASX100.

  • The number of ASX200 boards without any female directors has more than halved from 87 boards (in June 2010) to 42 boards.
  • There are now only five ASX100 boards and one ASX50 board without a female director – and none in the ASX20.
  • The percentage of females among new director appointments to ASX200 boards increased from 5 per cent in the calendar year 2009 to an average 22 per cent for the year ending 2013.
  • Women have made up 39 per cent of new appointments to ASX200 boards to date in 2014 (as at February 14, 2014).
  • The number of female Chairs on ASX 200 boards has doubled from five (2.5 per cent in 2010 to 10 (5 per cent) as at January 1, 2014.
  • At the time of their appointment, the majority of female appointees held no existing (60.4 per cent) and no past (84.9 per cent) ASX200 non-executive directorships.


Staff Reporter  |  Journalist |  @ProBonoNews


FEATURED SUPPLIERS


Yes we’re lawyers, but we do a lot more....

Moores

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

...


More Suppliers


YOU MAY ALSO LIKE

AICD Announces NFP Scholarships Across Australia

Luke Michael

Wednesday, 20th September 2017 at 12:10 pm

New Study Warns NFPs Need Strong Culture and Profits to Survive

Luke Michael

Tuesday, 5th September 2017 at 12:02 pm

Company Directors Warn on DGR Reform Restricting Advocacy

Lina Caneva

Thursday, 10th August 2017 at 2:58 pm

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Concerns Raised Over New ACNC Board Appointments

Luke Michael

Monday, 20th November 2017 at 2:28 pm

Disability Advocacy Group Fights to Restore State Funding

Luke Michael

Thursday, 9th November 2017 at 8:37 am

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Good 360
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!