Eight ASX 200 firms reach 30% target
There are 113 ASX 200 boards which have reached 30% women on their boards but two firms remain without any female directors.
A gender diversity progress report by the Australian Institute of Company Directors (AICD) found eight companies in the past year had increased their female representation to reach 30% but 87 still remained below target.
The firm with the highest female representation on its board was Auckland International Airport at 62.5% followed by Woolworths Group which had 55.6% representation, both had five female directors.
While progress had been made on board representation, only 5% of ASX 200 chief executives, representing 10 companies, were women. This was down from 12 a year ago.
Meanwhile, Perseus Mining and Silver Lake Resources currently had zero women on their boards. Perseus said it was currently seeking two female directors to sit on its board.
Angus Armour, chief executive of the AICD, said: “These numbers are particularly pleasing given not only the huge disruptions caused by COVID-19 this year, but also the disproportionate impacts on women from the pandemic. Now, more than ever, the representation of women in leadership is critical to ensure an effective post-COVID recovery.
“While progress continues at an aggregate level, there are still 87 boards in the ASX 200 that have not yet reached 30% women. The 76 companies who are one more female director away from the target may wish to consider whether the current composition of their board is reflective of the culture and values that are now expected.”
ASX 200 firms with highest female board representation
Source: AICD
ASX 200 firms with lowest female board representation
Source: AICD
AUTHOR
Laura Dew
Recommended for you
BlackRock, in collaboration with iCapital and GeoWealth, has unveiled a model portfolio that delivers access to both private and public market assets in a single account, following adviser demand.
Magellan has confirmed the new leadership of its active infrastructure ETF once head of investment, Gerald Stack, exits in July.
Vanguard has indicated it is actively trying to meet the demand for international ETFs with its next ETF launches sitting in this space.
Dubious marketing strategies involving financial advisers are among reasons that research house SQM Research has put the private credit space on alert.
