This 2020 Gender Equity Insights report, the fifth report in this series, shows that more women at the top proves better for business.
- Profitability, performance and productivity increase under female leadership
- Female top-tier managers add 6.6 per cent to market value of ASX companies
- Female leadership will help businesses thrive in a post-COVID world
This 2020 report makes an important contribution to the evidence that increasing the share of women in leadership leads to subsequent improvements in company performance.
- An increase of 10 percentage points or more in female representation on the Boards of Australian ASX-listed companies led to a 4.9 per cent increase in the company market value, worth the equivalent of AUD$78.5 million for the average company;
- An increase of 10 percentage points or more in female representation on Boards led to a 6.0 per cent increase in the likelihood of outperforming their peers on three of more metrics;
- The appointment of a female CEO led to a 12.9 per cent increase in the likelihood of outperforming the sector on three or more metrics;
- An increase of 10 percentage points or more in the share of female key management personnel led to a 5.8 per cent increase in the likelihood of outperforming their sector on three or more metrics;
- Women are least likely to be the Chair of the Board, with only 14.1 per cent of women being Board Chairs;
- Women make up only 17.1 per cent of company CEOs;
- 29.8 per cent of companies have no female representation on their Board and a similar proportion of companies have no women in their key management teams;
- Two-thirds of firms in the construction sector have zero female representation on their Boards.