Female board appointments spike during first months of 2018
Written on the 8 March 2018 by David Simmons
The percentage of female appointments to ASX 200 boards has spiked in 2018, according to a new report released on International Women's Day by the Australian Institute of Company Directors (AICD).
Women accounted for 47 per cent of ASX 200 board appointments in the first two months of 2018, up from 36 per cent in 2017.
The AICD Quarterly Gender Diversity Report, which tracks progress towards the Institute's target of achieving 30 per cent female representation across ASX 200 boards by the end of 2018, also shows that women now account for 26.7 per cent of ASX 200 directorships.
There are also now only five ASX 200 companies which have no women on the board, down from 14 on International Women's Day 2017.
The AICD report shows that across the ASX 200, a total of 74 companies have reached or exceeded the 30 per cent target.
Proust says gender diversity on boards is vital to the future of good corporate governance in Australia.
"Diverse boards and leadership teams lead to better outcomes for shareholders and stakeholders alike. They lead to greater innovation and better bottom lines," she says.
To coincide with International Women's Day, the AICD has released a video showcasing the types of questions female board candidates are still being asked in interviews. Enjoy below!
Business News Australia
Author: David Simmons