Results recently released by the Australian Institute of Company Directors reveal that gender diversity on the boards of Australia’s largest companies has not yet hit the 30% target. The latest AICD Gender Diversity Quarterly Report reveals that women represent 29.7% of directors on ASX 200 boards. In 2015, the AICD called for ASX 200 companies to achieve 30% by the end of 2018, but by June 2019 this target had not been reached.
Claire Braund, Executive Director of Women on Boards, said that the AICD is aiming too low and that the 30% target is out of step with Governments across Australia, the Australian Sports Commission, Australian superannuation industry and many other organisations who have set a minimum target of 40% and in some cases, 50% women. Women on Boards has been advocating since 2009 for a target of at least 40% women and 40% men for boards across all sectors.
BPW Australia takes national action for women's equality – at work, on boards, in leadership. We’re with WOB on this. ASX 200 boards can – and should – do better.