POWERED BY MOMENTUM MEDIA
ASX200 hits 30 per cent gender diversity target
The ASX200 has finally reached 30 per cent of women directors on boards, with more than 40 ASX200 companies also having more than 40 per cent women directors and 20 companies having at least half.
The 70 per cent of positions held by men accounted for 90 per cent of chair roles however, and there were still five ASX200 companies with no women directors and 46 with just one. More than 25 per cent of ASX200-300 had zero women boards.
The Australian Council of Superannuation Investors (ACSI), who has long agitated for improved gender diversity on boards, called for companies to aim for a 40:40:20 mix in their governance, with the final portion allowing flexibility for appropriate renewal. The group believed that if companies were unwilling to set a reasonable timeframe or those targets didn’t improve diversity by 2025, then regulators should intervene.
ACSI chief executive, Louise Davidson, still welcomed the news that the 30 per cent barrier had been surpassed, however.
“Investors have long recognised the value of board gender diversity. ACSI and our members adopted a 30 per cent target in 2015. To have corporate Australia achieve and, in many cases, now exceed this target is a good outcome,” she said.
“More diverse boards make for better governed companies which is intrinsically linked to long-term shareholder value. Reaching this milestone is a positive step for the millions of working and retired Australians who own shares in listed companies through their superannuation savings.”
Recommended for you
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
In this latest edition, Darren Spencer, lead investment director at Mercer, shares the fund’s process in assessing opportunities in a shifting investment landscape.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
