POWERED BY MOMENTUM MEDIA
ACSI calls for 30 per cent female representation on boards
The Australian Council of Superannuation Investors (ACSI) has used International Women’s Day to call on listed Australian companies to improve their board gender diversity.
The organisation said that while there had been progress toward increasing gender diversity recently, the rate of change had been too slow.
ACSI promoted a target of 30 per cent female representation on boards, and said that only 76 ASX200 met this standard. Fifty-eight ASX200 boards have just one woman amongst their ranks.
“One women director does not equate to gender diversity. We expect all boards to put in place clear targets for gender diversity, including a timeframe for achieving those targets,” ACSI chief executive, Louise Davidson, said.
ACSI said that board diversity was a business issue, with companies who fail in this regard having unsustainable futures and being less attractive investments for the Council’s members.
The Council would this year publish a revised version of its 30 per cent representation policy that would include new incentives for companies to meet the target.
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.24 3 y p.a(%)
4
Pengana High Conviction Equities B
40.36 3 y p.a(%)
5
Pengana High Conviction Equities A
40.34 3 y p.a(%)
