Electrifying new Australian research has established direct proof for the first time that companies do better when they appoint more women to leadership positions.
Ms Lyons said while the headline data concerned gender, the principle demonstrated was about diversity, and leadership in organisations reflecting the community. The study finds that increasing the number of female board members by 10 per cent or more produces 4.9 per cent boost to a company's market value.
Federal Cabinet's key "razor gang", for instance, the Expenditure Review Committee, which makes final decisions about Commonwealth expenditure, has since a restructure late last year consisted of five men and no women. It's a mandatory reporting requirement, but WGEA is a "soft touch" regulator so non-compliance does not attract a fine.
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