Banner Default Image

Australia is pushing for more women in boardrooms

Back to Blogs
Blog Img

Australia is pushing for more women in boardrooms

Australia is making a big gender equality push in the corporate sphere -setting a target for women to hold 30 per cent of board seats for S&P/ASX 300 companies by the end of 2021.

The 30% Club Australia is kicking off a campaign for the targets on Friday, which is International Women's Day. The push is focused on smaller-cap companies. The group is establishing an investment banking and private equity working group to seek support from the business community, it said in a statement.

"The community at large expects the composition of boards to reflect the broader Australian population," said Nicola Wakefield Evans, chairman of the30% ClubAustralia. "I believe the time is right to look beyond ASX 200 companies."

Australian bluechip companies includingBHP Group have shown improvement in promoting women to leadership positions in recent years. The world's biggest mining company in February promoted three women to its executive leadership team. The most recent gender diversity report from the Australian Institute of Company Directors shows that women held 29.7 per cent of ASX 200 board positions, a 10 percentage point increase since 2015.

The ASX has long indicated it wants businesses to set gender representation targets in annual reports. Still, the 30% Club notes that 50 companies on the S&P/ASX 200 still have only one woman on their board, while ARB Corporation Ltd, Emeco Holdings Ltd, andTPG Telecom Ltd have none. Across the Asia-Pacific, only about 7.8 per cent of board seats are held by women, according to Deloitte's Women in the boardroom report.

"It's been proven that gender diversity can be reached without quotas and intervention as long as there are passionate advocates for diversity," Wakefield Evans said.

This article was originally published on March .11, 2019, for The Business Times

Enjoyed this article let us know your thoughts comment below:

Half the Sky's mission is to supply the tools that can give every woman the ability to build a successful career and be fully prepared for the future of work. So, that they can lead a healthy, prosperous and more balanced/blended lifestyle of their choosing.  By building your confidence, you’re setting foundations to empower yourself and your career.  The world is your oyster, and it starts with you. 

Enjoyed this article let us know your thoughts in the comments below:

Sign Up

About half the sky

half the sky (HTS) is a career platform for women connecting you to career opportunities at companies that care. Providing you with information, tips and strategies to navigate the rapidly changing workplace.

Sign up to get career tips and job alerts directly to your inbox! Join us to shape the future of women at work together!