Senior Partnerships Adviser
ASX has released an independent report measuring the adoption of the Corporate Governance Council’s gender diversity recommendations by listed entities. The report found that listed entities recognised and were articulating the benefits of gender diversity, but that an entity’s size was the most likely predictor of whether a company would set and monitor measurable objectives or targets for female participation in leadership roles.
The ASX-commissioned report was conducted by KPMG and analysed compliance by 600 ASX-listed companies with the diversity recommendations in 2012/2013. KPMG has previously produced reports covering the first 12 months of reporting on diversity which became a requirement in 2011.
Ms Jillian Segal, non-executive director of ASX Limited, said: “It is encouraging that the cultural acceptance of diversity is increasing among Australia’s listed companies. Nevertheless, the setting of targets will ultimately be the driver of real and lasting change. Many excellent resources have been created to assist organisations to do the analysis required to set appropriate targets for female participation.”
The Workplace Gender Equality Agency's target-setting toolkit shows organisations how to set achievable gender diversity targets. The toolkit comprises guidelines and a target setting calculator.
Download the ASX/KPMG report on the adoption of diversity recommendations by ASX listed entitites.