Gender diversity progress stalling on ASX 200 boards

Results released today by the Australian Institute of Company Directors (AICD) reveal that gender diversity on the boards of Australia’s largest companies has not yet hit the 30 per cent target.

The AICD’s latest Gender Diversity Quarterly Report reveals that, as at the end of June 2019, women represented 29.7 per cent of directors on ASX 200 boards.

In 2015, the AICD called for ASX 200 companies to achieve 30 per cent women on boards by the end of 2018.

In that time gender diversity climbed more than 10 percentage points but the target of 30 per cent has not yet been reached.

AICD CEO and Managing Director, Angus Armour said it was disappointing to see progress stalling.

“While gender diversity on boards is not sliding backwards, the figures haven’t shifted since December 2018 and clearly more work needs to be done,” he said.

“Boards struggling with gender diversity should ask themselves if their search processes are effective and competitive enough to access the large talent pool of female directors in Australia.”

“The AICD will continue to advocate strongly on gender diversity.”

This year the percentage of female appointments to ASX 200 boards is 29.1 per cent.

There were four companies on ASX200 board with no women on their boards:*

  • HUB24 Limited
  • NRW Holdings Limited
  • Emeco Holdings Limited
  • TPG Telecom Limited

*As at 30 June 2019.

Media Contact: Maegen Sykes 0439 167 567

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