As part of our commitment to board diversity, we have called for all boards to ensure that 30 per cent of their directors are female and urged ASX 200 companies to meet this new target by the end of 2018. The 30 per cent target will apply to all company structures, however, we recognise that the four-year time frame to achieve the target for ASX 200 boards may not be possible for smaller listed and non-listed companies so we have not set a specific target date for these organisations to meet it.
We will track the progress of ASX 200 companies over the next three years via our monthly statistics. We will also publish the names of the companies that reach the 30 per cent target applauding their progress and encouraging other companies to emulate their efforts by recognising the wealth of existing female talent.
There are currently 85 ASX 200 companies that have reached the 30 per cent target (as at 31 October 2018).
30% by 2018: Gender Diversity Progress Report
In September 2015, the AICD released the first quarterly report into gender diversity of Australia's top boards. 30% by 2018: Gender Diversity Progress Report is a collection of the latest statistics, interviews, opinion pieces and case studies from individuals and companies that are on the path to increasing the gender diversity of their boardrooms and executive pipelines.
AICD was a key supporter of the Australian 30% Club in Sydney in May. John Brogden AO FACID, former Managing Director and CEO interviewed the founder of the 30% Club Helena Morrissey, CEO Newton Investment Management, after the event.
A panel discussion (video below) was also held, featuring:
- John Brogden AO FAICD, former Managing Director & CEO AICD
- Helena Morrissey CBE, CEO & Chair Newton Investment Management
- David Gonski AC FAICD (Life)
- Michael Chaney AO FAICD
- Jillian Segal AM FAICD
- Kevin McCann AM FAICD
- Patricia Cross FAICD