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Gender imbalance in boardrooms improving - slowly
Only a quarter of the new entrants to the pool of top 100 non-executive directors in 2010 were women, highlighting the difficulty of addressing gender imbalance in corporate boardrooms, according to research by the Australian Council of Superannuation Investors (ACSI).
In its annual review of the boards of S&P/ASX 100 companies, ACSI found that 26 per cent of the individuals appointed to a top 100 board who had not previously been an executive or non-executive director of an S&P/ASX 100 entity were women.
Women made up 12.2 per cent of director positions of S&P/ASX 100 entities in 2010, up from 11.1 per cent in 2009. However, this is a small change over the period since ACSI began monitoring S&P/ASX 100 companies in 2000, when women made up 7.2 per cent of top 100 directors.
ASCI chief executive Ann Byrne said the latest study into top 100 boards showed the inherent difficulty in correcting gender imbalance in listed company executive and director ranks.
There has been progress but the pace of change is slow and women still hold very few leadership positions - women held just over 3 per cent of top 100 executive director roles, and only four boards in 2010 had a female chairperson, Byrne said.
The median pay for a non-executive director of an S&P/ASX 100 entity rose by just over 1 per cent in 2010 to $193,000.
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