The Australian Institute of Company Directors’ (AICD) latest gender diversity progress report indicate that women account for 47 per cent of ASX 200 board appointments, as at 28 February 2018 – a rise from 36 per cent in 2017. The ratio of women on ASX 200 boards is at a record high of 26.7 per cent, as at 28 February 2018, an increase of 0.5 percentage points since 31 January 2018.
The AICD has identified more than 20 boards that have yet to meet the 30 per cent target and have one or more male directors who have served the ASX Corporate Governance Council’s recommended tenure term. AICD revealed that if every one of these men was replaced by a woman, their target of 30 per cent female representation by the end of 2018 may well be in reach. Five companies in the ASX 200 do not have any female directors, a decrease of three since the last quarterly report.
More information is available in the Australian Institute of Company Directors’ December 2017 – February 2018 quarterly Gender Diversity Progress Report.