find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Real Estate & Projects Lawyer (6+ years PAE)
Category: Property Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Top tier firm with offices nationally · High profile clients
View details
Jump in number of women on boards

Jump in number of women on boards

The number of women on boards is steadily increasing, with evidence pointing to the adoption of gender-diverse boards by Australia’s top businesses.

According to the Australian Institute of Company Directors (AICD), the proportion of women on ASX 20 boards has reached 20 per cent.

Further, 18.7 per cent of directors on ASX 50 boards are female, as are 17.3 per cent on ASX 100 boards. In December 2010, these figures were 15.4 per cent and 13.4 per cent respectively.

“The growing numbers of women on our most elite boards prove that companies recognise that a gender-diverse board is good for business and are actively seeking out female talent,” said John Colvin, the CEO and managing director of the AICD.

Gains are also being made in the ASX 200, where a third of appointees this year have been female. This compares to just five per cent in 2009, and women now make up 13.8 per cent of directors on ASX 200 boards, up from 11.2 per cent this time last year.

“We have put in place a number of concrete measures aimed at helping to achieve greater gender diversity on Australian boards which, along with the ASX Corporate Governance Council [which] introduced its Principles and Recommendations on Diversity, have contributed to the real progress that is evident in the latest figures,” said Colvin.

Such measures include the Preeminent Chairman’s Mentoring Program, the newly piloted Public Sector Mentoring Program, the highly successful Board Ready program, as well as the Company Directors-Federal Government Board Diversity Scholarship and the Victorian Women’s Governance Scholarship Program.

“When boards adopt an open approach that aims to select the best possible directors from a diverse range of candidates, it is not only good social policy, but it makes good business sense,” Colvin said. “It means that our boards and companies can benefit from all the talent that is available to them.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Jump in number of women on boards
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...