Diversity: Proposed board disclosure regime could be “weaponised” by activists: ANZ chairman Paul O’Sullivan, AICD chief executive Mark Rigotti, Kathleen Bailey-Lord, a director of wealth management group AMP and IT services company Datacom

ANZ Bank’s openly gay chairman, Paul O’Sullivan, warns that a proposal for company directors to disclose their sexuality risks creating an expectation for business leaders to publicly reveal personal information they may prefer to keep private.beyond gender to matters including sexuality, age, ethnicity and skills, following similar moves in Britain and on the Nasdaq in the US.Mr O’Sullivan cautioned that not everyone was comfortable exposing such personal information.

“Certainly in the LGBTIQ community, it’s generally the case that it’s somebody’s own decision when they want to disclose their sexual orientation. “If you’re a chair or a CEO in the listed environment, and you’re presenting to the investor community, you’re going to have to answer the question.

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