ASX200 Board Diversity Governance · 2024
Key findings
Only 129 ASX200 companies have a broadly inclusive definition of diversity, and 23 exclude sexual orientation altogether. Just 67 of the 129 apply their policy to the board itself, and almost none report on diversity beyond gender.
129ASX200 companies have broadly inclusive definitions of diversity
67of those 129 apply their policy to the board itself
62have one rule for staff and a less inclusive rule for the board and directors
23companies exclude sexual orientation from their definition of diversity
11companies don't define diversity in their policy, and 3 have no diversity and inclusion policy at all
127companies with fully inclusive definitions don't report board targets for diversity beyond gender
1Australian company, Woodside Energy, reports on LGBTQ+, First Nations and cultural background at board level. The only other ASX200 company that reports beyond gender, Block Inc., is US-based and dual-listed
71companies have adopted 40:40:20 gender targets, which consider only one aspect of diversity
8.3% to 35%female ASX300 board seats, 2010 to 2023 (Watermark Search and the Governance Institute of Australia)