Women now make up 31.3 per cent of ASX 200 boards, a new record and above a long term voluntary goal from the Australian Institute of Company Directors and diversity groups. But the improvements haven’t come evenly with the largest companies doing the “heavy lifting” and one company still without any women on its board.
That company is Silver Lake Resource Limited, a West Australian mining and metals company.
More than half of the ASX201-300 have only one woman or none at all.
Five years ago women made up 20.6 per cent of ASX 200 directors. The 30% Club Australia launched at the time and, along with AICD, committed to improving the diversity of Australian boards.
“In just five years we have seen boards successfully reach 30 per cent, by voluntarily committing to the target,” said AICD CEO and Managing Director, Angus Armour said on Thursday.
“We are very pleased to see that the momentum continues as organisations make diversity a priority. We have seen the larger listed companies doing the heavy lifting for some time now, so it is particularly encouraging to see that the ASX 300 is also nearing the 30 per cent target.
According to the AICD, as at July 31 2020 the percentage of female directorship among Australia’s biggest companies is:
|ASX All Ords||25.4%|
30% Club Australia Chair, Nicola Wakefield Evans congratulated the companies that had rectified a lack of board diversity in the last five years but urged them not to become complacent.
“Now is not the time to become complacent. Companies at the top of the ASX continue to lead the charge, with more than half of the ASX 100 now at more than 30 per cent women on their boards, and 28 boards comprised of more than 40 per cent women.
“At the same time, more than half the companies in the ASX 201-300 category have only one woman or none at all.
“There is no shortage of qualified, board-ready women in Australia. We look forward to working with stakeholders on our goal of achieving gender parity on boards and addressing systemic barriers to this change.”