Diversity reporting for ASX listed entities has increased, however the statistics show that a marked improvement in representation of women in senior positions is still needed.
Diversity needs to remain in focus for corporate organisations, with the latest statistics of women on boards and at executive level still showing vast imbalance.
In the new ASX Corporate Governance Council Principles and Recommendations on Diversity report, which analyses the disclosures on diversity statistics for financial years ending 1 January 2015 to 31 December 2015, it was revealed that in ASX 501 + companies, only 6 percent of board members were women, down from 9 percent in 2013.
Things looked a little better for S&P/ASX 200 companies, with 22 percent of board members women, up from 18 percent in 2013, while for ASX 201-500 companies, 15 percent of board members were women, up from 10 percent in 2013.
The full report examines the statistics in more detail at different levels of management, and also looks at reporting on diversity in other area such as age and ethnicity. It examines whether companies are setting measurable objectives to improve diversity in the years ahead, and if they are not, why they are not.