Australian Boards Now Nearly 30% Female, Without Quotas

© AdobeStock
According to a recent report, Australia is “the first country in the world to achieve 30% gender diversity in top 100 boardrooms without regulatory intervention or quotas.”

When it comes to getting more women on big-company boards, Australia is leading the way. And they’re doing it without quotas.

The report, posted by last week by Australia’s Institute of Company Directors, shows the percentage of women on the boards of the country’s 200 largest companies is edging up on 30% — a gain of more than 10 percentage points since 2015.

That makes it, according to the AICD, “the first country in the world to achieve 30% gender diversity in top 100 boardrooms without regulatory intervention or quotas.”

“In 2018, 45% of all appointments to ASX200 boards were women,” Angus Armour, AICD Managing Director and Chief Executive Officer, said in a release, “Which demonstrates that voluntary targets can be effective. Even more satisfying is that for almost half of these women it was their first ASX200 appointment, which is proof that boards are looking beyond the existing talent pool.”

In the U.S. women occupy 22.5% of board seats in Fortune 500 companies, up from 15.7% in 2004 and 25% in Fortune 100 companies, up from 16.9% in 2004, according to a recent Deloitte study.

In 2015, AICD set 30 percent as a target for ASX listed companies, a move embraced by a number of large Australian companies that appears to have paid off.

Not everyone is a fan, though. The report comes amid a political brawl over alleged gender bias in Australian politics, and some say the data simply reflects the same number of women being added to more boards, rather than an influx of new women.

Become a CBM Network member and save at least 40% on your meeting registration!

Elevate your leadership game and drive meaningful change with CBM Network. As a member, you’ll have the tools you need to ask great questions on rapidly changing topics, make informed decisions, raise your profile, connect with new board opportunities and drive the success of your organization.

Save 40% on Boardroom Summit registration with a network-level membership or attend free at the council level. You’ll also receive discounts or free access to other top-notch events, training courses and credentialing programs – so you stay ahead of the curve.

More than that, you’ll join a dynamic community of board members and have expert advice, peer networking opportunities and educational tools at your fingertips. Don’t miss out on these incredible savings and opportunities – join the CBM Network today during your registration.