Number of women in power at top companies decreased in past year

The chair of a new prime ministerial equality taskforce has warned the number of women in power at Australia’s top companies went backwards in the last year, in a “shattering” move that poses a serious risk to the economy.

Australian companies had “stalled” in their promotion of women, and fewer had gender-balanced leadership teams than in 2021 – down to 50 from 58. Women were not even in the pipeline for chief executive appointments in many companies, as more than eight out of 10 chief executive pathway jobs – so-called line roles with profit and loss responsibilities – were held by men.

“The reason the word ‘risk’ is used [about appointing women to senior executive jobs] is because when you get a highly gendered set of criteria for what leadership looks like, when someone turns up who challenges that view, the easy thing to say is, ‘That’s risky’, rather than to see it as an opportunity,” Mostyn said.

“[Gender balance] stops a few people having the strongest voices, and the level of experience around the room, not just work experience but life experience, adds texture to the leadership. The census suggests businesses set and monitor gender balance targets for leadership teams and line roles, reduce gender bias in recruitment and promotion and invest in building the pipeline of women leaders.It recommends actions including government procurement prioritising organisations with gender-balanced leadership, strengthening corporate reporting requirements to ensure companies publish company gender pay gap data and placing care at the centre of the economy.

wtuohy 100 years? Thats a crap effort really.

wtuohy Few women or men, for that matter, want a 24/7 job. Top partner track women leave after the first child and never return, many starting their own business so they can control the hours.

wtuohy YAWN!

wtuohy On the bright side, more home cooked meals

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Number of women in power at top companies decreased in past yearAt the current rate of progression, data trends suggest it will take 100 years for women to reach 40 per cent of ASX 300 chief executive positions. wtuohy Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had, things were hard until I met lisa_mia_t0 and started Bitcoin trading, I earned $80,000 in 3 weeks thanks Lisa_Mia_T0. wtuohy Very few women are prepared to work the excessive hours necessary over decades to work their way up to CEO of a big corporation. Feminists think women should just be handed these jobs without the apprenticeship. wtuohy They should put in more hours
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‘Going nowhere fast’: Women leading ASX companiesThe proportion of key operational roles occupied by women at ASX200 companies rose just 3 percentage points to 15 per cent between 2017 and 2022.
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