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Report
Description

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.

Key findings:

  • 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.

 

Publication Details
ISBN:

978-1-925757-06-4

License type:
All Rights Reserved
Access Rights Type:
open
Issue:
Gender Equity Series Issue 5