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Gender equity: big companies better on boards, but below ASX average on management positions
New Catalyst research, released for International Women’s Day, reveals the best and worst points of women’s participation in corporate Australia.
The report covers female participation on boards and in management as well as assessing policies to help women in the workplace.
While some companies in the ASX have real equality on their boards, overall the ASX has a long way to go. ASX50 companies have 27% female board members while the ASX200 has just 22%.
Top and bottom companies, women on boards, ASX100:
Company
Industry
# women board members
# board members
% women on board
Medibank Private
Insurance
5
8
63%
Mirvac Group
Property
4
8
50%
DUET Group
Utilities
4
9
44%
Spark Infrastructure
Utilities
3
7
43%
Woolworths
Retail
3
7
43%
Oil Search
Oil & Gas
1
9
11%
Westfield
Property
1
12
8%
Qube Holdings
Logistics
0
8
0%
Domino's Pizza
Hospitality
0
6
0%
TPG Telecom
Teleco
0
5
0%
Women’s participation in management positions is stronger across the ASX200 (37%) than the larger companies in the ASX50 (29%). Health care companies performed best in the ASX100:
Company
Industry
Female managers worldwide
Healthscope
Health Care
80%
Primary Health Care
Health Care
60%
Ramsay Health Care
Health Care
53%
Sonic Healthcare
Health Care
53%
Flight Centre
Travel
49%
JB Hi-Fi
Specialty Retail
8%
Iluka Resources
Metals & Mining
8%
Sirtex Medical
Biotechnology
8%
Downer EDI
Infrastructure
7%
Alumina Limited
Metals & Mining
0%
“The ASX50 has 5 CEOs named Andrew, 4 named Michael but only three who are women: Alison Watkins (Coca Cola Amatil), Susan Lloyd-Horwitz (Mirvac Group) and Kerrie Mather (Sydney Airport).” said report author Martijn Boersma.
“It’s very unfortunate to see that larger companies in the ASX50 are behind the ASX200 average for women in management positions. It’s important to recognise that there is no apparent ‘trickle-down’ from board to management.
“You would think in 2016 that Australia’s biggest companies would want board representation of half the population”, said corporate social responsibility (CSR) analyst Julia Leske from CAER research, who provided some data to Catalyst’s report.
“The research also shows there has been only glacial improvement on the gender pay gap. If we maintain the current rate of progress, we won’t reach gender equity until 2087,” Leske said.
Catalyst is a progressive think-tank who promote social and economic equality and improved standards of corporate social responsibility. The full report and interactive ESG Dashboard can be found at: http://csr.catalyst.org.au/reports/gender-equality-at-work/
This is the first of a series of quarterly CSR reports to be produced by Catalyst and CAER together with The Australia Institute.
New Catalyst research, released for International Women’s Day, reveals the best and worst points of women’s participation in corporate Australia.
The report covers female participation on boards and in management as well as assessing policies to help women in the workplace.
While some companies in the ASX have real equality on their boards, overall the ASX has a long way to go. ASX50 companies have 27% female board members while the ASX200 has just 22%.
Top and bottom companies, women on boards, ASX100:
Company
Industry
# women board members
# board members
% women on board
Medibank Private
Insurance
5
8
63%
Mirvac Group
Property
4
8
50%
DUET Group
Utilities
4
9
44%
Spark Infrastructure
Utilities
3
7
43%
Woolworths
Retail
3
7
43%
Oil Search
Oil & Gas
1
9
11%
Westfield
Property
1
12
8%
Qube Holdings
Logistics
0
8
0%
Domino's Pizza
Hospitality
0
6
0%
TPG Telecom
Teleco
0
5
0%
Women’s participation in management positions is stronger across the ASX200 (37%) than the larger companies in the ASX50 (29%). Health care companies performed best in the ASX100:
Company
Industry
Female managers worldwide
Healthscope
Health Care
80%
Primary Health Care
Health Care
60%
Ramsay Health Care
Health Care
53%
Sonic Healthcare
Health Care
53%
Flight Centre
Travel
49%
JB Hi-Fi
Specialty Retail
8%
Iluka Resources
Metals & Mining
8%
Sirtex Medical
Biotechnology
8%
Downer EDI
Infrastructure
7%
Alumina Limited
Metals & Mining
0%
“The ASX50 has 5 CEOs named Andrew, 4 named Michael but only three who are women: Alison Watkins (Coca Cola Amatil), Susan Lloyd-Horwitz (Mirvac Group) and Kerrie Mather (Sydney Airport).” said report author Martijn Boersma.
“It’s very unfortunate to see that larger companies in the ASX50 are behind the ASX200 average for women in management positions. It’s important to recognise that there is no apparent ‘trickle-down’ from board to management.
“You would think in 2016 that Australia’s biggest companies would want board representation of half the population”, said corporate social responsibility (CSR) analyst Julia Leske from CAER research, who provided some data to Catalyst’s report.
“The research also shows there has been only glacial improvement on the gender pay gap. If we maintain the current rate of progress, we won’t reach gender equity until 2087,” Leske said.
Catalyst is a progressive think-tank who promote social and economic equality and improved standards of corporate social responsibility. The full report and interactive ESG Dashboard can be found at: http://csr.catalyst.org.au/reports/gender-equality-at-work/
This is the first of a series of quarterly CSR reports to be produced by Catalyst and CAER together with The Australia Institute.
8 Mar 2016
