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ASX300 Aiming For 30% Female Executives

Written by Anton Murray Consulting on . Posted in Market Commentary, News

InvestorDaily

Gender equality advocate 30% Club Australia is aiming for the ASX201-300 companies to have 30 per cent of their boards occupied by women, with the hope that it will be achieved by 2021. The company has also established a new Investment banking/Private Equity Working Group to seek greater support from the business and investment community, and to increase their contribution to the initiative. Susan Roberts, head of Investor Working 30% Club, said the division will be working with investors from the wealth management sector and Australian super funds to focus on achieving diversity on ASX300 boards.

“Large super funds and fund managers are leading the way in advocating for gender diversity, based on the belief that companies that are well-governed and sustainable will deliver positive results over the long term” Ms Roberts said. Previously, only firms in the top 200 listings on the ASX had been targeted. The number of female company directors for the ASX201-300 last year stood at 19.7 per cent, with 28 companies still lacking women on their boards.

The rest of this article can be found at investordaily.com.au.