Female CEOs, directors boost company values: report

A report released by the Bankwest Curtin Economics Centre and the Workplace Gender Equality Agency on Friday showed a 10 percentage point increase in female directors on boards of ASX-listed companies raised their market value on average by 5 per cent, or $78.5 million.

The report analysed WGEA data, which captures information about the same companies every year, allowing researchers to measure the impact of changes in policies, leadership and actions and gauge how gender diversity affects performance over time.BCEC principal research fellow Rebecca Cassells said the data found a causal relationship between more senior female employees and better business performance.

Australian Council of Superannuation Investors chief executive Louise Davidson said investors recognised the value of board gender diversity. In 2015, the group began advocating for a minimum of 30 per cent female directors on ASX200 companies. This was achieved last year and now ACSI wants companies to give it a timeframe for when their boards will be gender balanced.

"The importance of a diverse workforce, diverse board and the like is that you have less group think," she said. "A narrow group of experience, skills and backgrounds on boards means that innovation can be stymied." Australian Institute of Company Directors data from April found women made up 30.7 per cent of ASX200 boards and 31.8 per cent of ASX100 boards.

This is transphobic please delete

Isn't it sad the feminist writers tell women you must be in a constant state of competition with men! No wonder the marriage rate is plummeting and mgtow is booming!

Feminist writers need to get a life! There is more things going on at the moment than your petty gender point scoring! Grow up!

Just ask Raelene Castle - who needs a quota system right?

A lot of male directors appear to be identifying as female! Does ‘trans’ woman CEO count! Works well in sport!

Especially companies like AMP? Though the fems were board members. My shares in AMP now down 80%.

Exhibit A: Raelene Castle 😂

😂

L O L

Yeah bullshit.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How much is a female CEO worth to a company? About $80m, study findsThe study, based on six years of Australian companies' gender reporting to the federal Workplace Gender Equality Agency, has established that companies that appointed a female CEO increased their market value by 5 per cent. No CEO of any company is really worth that much, man or woman. Was the Workplace Gender Equality Agency ever going to find something else? Being divisive through cherry picking data,that habit is becoming a staple of the abc diet.
Source: abcnews - 🏆 5. / 83 Read more »

How much is a female CEO worth to a company? About $80m, study findsThe study, based on six years of Australian companies' gender reporting to the federal Workplace Gender Equality Agency, has established that companies that appointed a female CEO increased their market value by 5 per cent. No CEO of any company is really worth that much, man or woman. Was the Workplace Gender Equality Agency ever going to find something else? Being divisive through cherry picking data,that habit is becoming a staple of the abc diet.
Source: abcnews - 🏆 5. / 83 Read more »

Former top Rio Tinto advisor says company now focused on 'what it can get away with'The company's former global advisor on social performance says he has to come forward with his concerns that Rio Tinto has not been going in the right direction on social responsibility and community engagement. Donald J. Trump Wow! May retail sales show biggest one-month increase of ALL TIME, up 17.7%. Far bigger than projected. Looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS! Uhmmm🤔 But that’s what every business and or company in the world does...🤷‍♂️ Why do you think they hire teams of lawyers? Bend the rules until just before they snap... Normal business practise, nothing to see here... move along! rape the land & get away with it, only answer with lawyers present...
Source: abcnews - 🏆 5. / 83 Read more »