Super fund HESTA has warned the largest listed companies it intends to vote against male directors of boards with low female representation.  If you own shares, this is something you can do too. 

Women on Boards has announced HESTA has issued a blunt warning to the ASX 300 companies it invests in and says it is going to use voting rights in a push for gender diversity and climate action.

HESTA, which manages $76 billion largely for health and community services employees has written to the board Chair and CEOs of ASX 300 companies outlining its key priority expectations which also include decent work, and natural capital and biodiversity loss.

For the upcoming voting season, HESTA has announced it will vote against select director re/elections at ASX300 companies where the board has less than 30% female representations and against board Chairs of companies employing single gender executive leadership teams.