Department of Family and Community Services

3.1 Board directors of NSW-based ASX 500 companies

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Current position

As at 16 March 2012, 12 percent of board directors of NSW-based ASX 500 companies were women, and 88 percent were men.

Gender gap

  • Women are seven times less likely than men to hold a board  director’s position in a NSW-based ASX 500 company.
The direction of
change over time
This is the first year that the WGEA has collected data relating to ASX 500 companies.

 

Discussion

NSW is the state in which the highest proportion of ASX 500 companies is located (36 percent). Nearly half of all female board directors across Australia (49 percent) serve on companies with a head office in NSW.

In Western Australia, where 29 percent of ASX 500 companies were located, only 3.5 percent of board directors were women.

In Victoria, where 19 percent of ASX 500 companies were located, 13 percent of board directors were women.

Nationally, 9.2 percent of board directors of ASX 500 companies were women. See Figure 5.5.

Data for this indicator relates to companies in the ASX 500 as at 16 March 2012 which had a head office address in NSW. Data was extracted by WGEA from each company’s most recent annual report published before the WGEA census date of 30 April 2012. Generally, these annual reports covered the 12 months ended 30 June 2011, or the 12 months ended 31 December 2011.

Directors are those people who hold a seat on a company board. They act on behalf of the shareholders in supervising the company. The ASX 500 index refers to the 500 largest securities listed on the All Ordinaries Index of the Australian Securities Exchange. The constituents are not screened for liquidity.

Year collected: 2011.
Data source: EOWA (2012) Australian Census of Women in Leadership. Note: EOWA is now known as the Workplace Gender Equality Agency (WGEA). More information is available at www.wgea.gov.au