ASX 2011

Summary

  • 10.9% of directorship positions in ASX200 companies are held by women
  • 87 ASX200 companies still do not have a woman on their board
  • The banking and retail sectors lead the way
  • To reach the WOB target of 25 per cent female directors by 2012, ASX200 companies will need to double their rate of female appointment in 2011
  • Beyond ASX300 is still a virtual no-go zone for women

ASX 1-200

The ASX has seen the highest level of percentage increase of female appointments across the Boardroom Diversity Index. From a low base of 8.3 per cent in 2008 the percentage of ASX200 board positions held by women has grown to 8.7 per cent in 2009 and 10.9 per cent in March 2011. The gender statistics improve as you moved up the ASX, with boards of ASX50 companies having the largest percentage of women. In 2011 the top 100 companies have almost 13 per cent female directors. 

Since the ASX Corporate Governance Council announced in December 2009 that it would amend the Principles and Recommendations to require companies to report on gender at board and senior executive level, there has been a grab for female directors. Between November 2009 and December 2010, 57 women were appointed by to the boards of 54 ASX 200 companies, compared to only 11 for the whole of 2009.

In December 2009 there were 105 companies in the ASX 200 without a female director. This fell to 101 as of June 2010, showing that the serial poor performers still have a lot of work to do. At March 2011 there are 90 companies in the ASX200 with no female director.

ASX 201 - 300

As of June 2010, just 4.3 per cent of board seats on ASX 201-300 companies were occupied by women. This remains unchanged. Of the 553 directors, 24 are women. Of these women, 15 hold directorships in ASX 300 but not ASX 200 companies indicating that the ASX 300 is a limited ground for development of ASX 200 directors.

Download data on ASX 201-300 companies

The good guys as at March 2011

In 2011 the following 42 companies have a minimum of two women on their boards:

  • Pacific Brands Limited, Chairman James MacKenzie (4 of 7)
  • QBE Insurance Group Limited, Chairman Ms Belinda Hutchinson  (3)
  • Westpac Banking Corporation, Chairman Ted Evans (3)
  • AGL Energy Limited, Chairman  Jerry Maycock
  • Aristocrat Leisure Limited, Chairman Dr Ian Blackburne
  • AMP Limited,  Chairman  Peter Mason
  • Bank of Queensland , Chairman  Neil Summerson
  • Billabong International Limited, Chairman  Ted Kunkel
  • Bendigo And Adelaide Bank Limited, Chairman Robert Johanson
  • BHP Billiton Limited, Chairman Jac Nasser
  • Boral Limited., Chairman Robert Every
  • Commonwealth Bank Of Australia, Chairman John    Schubert
  • Coca-Cola Amatil Limited, Chairman David  Gonski AC
  • David Jones Limited, Chairman Robert Savage
  • Duet Group, Chairman  Philip Garling
  • Fairfax Media Limited, Chairman Roger    Corbett
  • GPT Group, Chairman Rob Ferguson
  • Hills Industries Limited, Chairman Ms Jennifer Hill-Ling
  • Insurance Australia Group Limited, Chairman Brian     Schwartz
  • Mirvac Group, Chairman James MacKenzie
  • Macquarie Group Limited, Chairman David    Clarke
  • Myer Holdings Ltd, Chairman Howard     McDonald
  • National Australia Bank Limited, Chairman     Michael  Chaney
  • Origin Energy Limited, Chairman Kevin McCann
  • Perpetual Limited, Chairman Peter Scott
  • Qantas Airways Limited, Chairman Leigh    Clifford
  • Rio Tinto Limited, Chairman Jan du Plessis
  • Stockland, Chairman Graham Bradley
  • Singapore Telecommunications Limited, Chairman Chumpol    Na Lamlieng
  • Sonic Healthcare Limited, Chairman Peter    Campbell
  • Spark Infrastructure Group, Chairman Stephen Johns
  • Spotless Group Limited, Chairman Peter    Smedley
  • Suncorp-Metway Limited, Chairman John    Story
  • Tabcorp Holdings Limited, Chairman John    Story
  • Tower Australia Group Limited, Chairman Robert Thomas
  • Ten Network Holdings Limited, Chairman Brian Long
  • Telstra Corporation Limited, Chairman Catherine Livingstone
  • Wesfarmers Limited, Chairman Bob Every
  • Woolworths Limited, Chairman James Strong

The top laggards as at 10 March 2011 (by capitalisation)

  • Fortescue Metals Group Ltd, Chairman Herb Elliott
  • Leighton Holdings Limited, Chairman David Mortimer
  • Oil Search Limited, Chairman Brian Horwood
  • Incitec Pivot Limited, Chairman John Watson
  • Equinox Resources Limited, Chairman Peter Tomsett
  • Resmed Inc, Chairman Peter Farrell
  • Toll Holdings, Chairman Ray Horsburgh
  • Sims Metals Group, Chairman Paul Varello
  • Ramsay Healthcare, Chairman Paul Ramsay
  • Riversdale Mining, Chairman Michael O'Keefe

About the data

The data is collected from publicly available sources at the time of collation. The ranking of the ASX companies is taken from Standard & Poors.