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Highlights
- Female representation on the boards of ASX-listed companies has seen a significant upturn over the years.
- The latest percentage of female on ASX 200 boards is 33.9% (as of 31 October 2021).
- The data also revealed that there were no companies in the ASX 200 which didn’t have women representation on their boards.
In what sounds like a resounding thud of Australian women shattering the proverbial glass ceiling, Australia is now one of the three countries globally to have female representation of over 30% on top company boards without gender quotas. Over the years, women’s representation on the board of ASX-listed companies has seen a significant upturn.
In the US, there are just above 30% of women on boards of the S&P 500 companies. On the other hand, women’s representation stands at over 37% of the Stoxx 600 in Europe.
Meanwhile in October, five ASX 200 companies increased the number of women on their boards, including Fisher & Paykel Healthcare, Pilbara Minerals and Bank of Queensland.
Image source: Australian Institute of Company Directors (AICD), as of 31 October 2021
What does Australian Institute of Company Directors reveal?
According to the latest data presented by the Australian Institute of Company Directors (AICD) research, the percentage of female on ASX 200 boards is 33.9% (as of 31 October 2021). Also, women comprised 42.3% of new appointments to ASX 200 boards.
Interestingly, the data also revealed that there were no company boards in the ASX 200 which didn’t have women representation.
As per a recent report from the University of Queensland (UQ) Business School, the rise in female representation on ASX 200 listed boards is a significant development since Australia has a limited pipeline of women bagging chief executive roles in leading firms. Women hold nearly 5% of CEO positions at ASX 200 companies.
“The achievement of more than 30 per cent of women on boards is even more remarkable given Australia’s lack of progress in other gender equality measures,” the report said.
Image source: Australian Institute of Company Directors (AICD), as of 31 October 2021
ASX 300 boards
- The latest percentage of females on ASX 300 boards is 32.3% (as of 31 October 2021).
- Females comprise 44.6% of new appointments.
- A total of 10 boards do not have any females.
2021 saw more women filling up ASX boards; here’s what changed
ASX All Ordinaries boards
- The latest percentage of women on ASX All Ordinaries boards is 28.3% (as of 31 October 2021).
- Females comprise 44.8% of new appointments.
- A total of 75 boards still do not have any females.
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