The boards of Australia’s largest companies are drawing closer to achieving 30% female representation by the end of 2018.
The Australian Institute of Company Directors June-August 2018 Quarterly Report women accounted for 28.5% of ASX 200 board positions. This is up from just 20.6% at the same time in 2015, when the AICD released its first Quarterly Gender Diversity report.
Over the same period, the number of ASX 200 boards with no women dropped from 30 to just three.
Introducing the report, AICD Chairman Elizabeth Proust AO FAICD wrote, “When the AICD first announced our target in May 2015, it is fair to say there were a number of naysayers. Some argued that we shouldn’t have set a target in the first place while others argued that it could never be achieved with a voluntary framework and legislated intervention was required immediately.
My view is that our results have proved the doubters wrong. The 50 per cent appointment rate of women to ASX 200 boards this year, up from 36 per cent in 2017, is clear demonstration that voluntary targets are effective. There is still more work to be done, however, it’s imperative to recognise our successes.”
As at 31 August 2018, were three companies on the ASX 200 with no women on their boards:
- ARB Corporation Limited
- Tassal Group Limited
- TPG Telecom Limited
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