19/12/2019 - 10:14

ASX200 companies achieve record high female board representation

19/12/2019 - 10:14

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ASX200 boards now feature 30 per cent women for the first time ever, according to the Australian Institute of Company Directors, leaving just seven companies in that index without female representation on their board.

Just seven companies on the ASX200 feature no women on their boards. Photo: Attila Csaszar

ASX200 boards now feature 30 per cent women for the first time ever, according to the Australian Institute of Company Directors, leaving just seven companies in that index without female representation on their board.

The news comes after AICD set a non-binding target for 30 per cent of board seats to be filled by women by the end of 2018.

While managing director and chief executive Angus Armour said the target was reached later than planned, he said there was reason to celebrate what he saw as meaningful change.

“It is clear that Australia’s largest companies see the value of board diversity; a diverse mix of views and perspectives around the table increases board performance and reduces the risk of group think,” he said.

“We should recognise the commitment of community and business leaders to achieve this milestone and applaud Australia’s top 100 listed companies for leading the way and surpassing 30 per cent.

“The challenge now is to stay focused and maintain momentum. Smaller listed companies need to demonstrate they are also committed to the benefits of gender diversity.”

ASX20 companies have the highest proportion of women on their boards, at 35 per cent, compared to the ASX All Ords, which has the lowest at just 24 per cent.

TPG Telecom, HUB24, NRW Holdings, Pro Medicus, New Hope Corporation, Silver Lake Resources and SpeedCast are the only ASX200 companies with no women on their boards, however Ruth Stringer will join the HUB24 board in February.

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