Feature Article - FACTBase Bulletin 54

Published:

Last month, the Committee released FACTBase Bulletin 54 – Gender in the C-Suite on the WA ASX 100, which provides a quantitative base, following on from our 2015 Filling the Pool report. Since the release of Filling the Pool, now two years ago, the Committee has been committed to progressing gender equality and keeping this issue at the forefront of discussion, as we have a significant amount of traction still to make.

FACTBase Bulletin 54 explores gender in the C-Suite in Western Australia’s top performing companies, as listed by the ASX. The C-Suite encompasses a broad range of professional positions including Chairpersons, CEOs, Managing Directors and senior management level employees.

It found that Western Australian women are severely under-represented in C-Suite positions, with only 9.5% of women holding such a title on the top 100 WA ASX listed companies. There are currently no women in the top management tier on the WA ASX 51-100, which includes Chairpersons, CEOs and Managing Directors and only 2.8% of women, or four in total, hold these positions on the WA ASX 100.

The most commonly held positions by women in senior management roles are that of company secretary or joint company secretary with 30.5% of women filling these positions. Other commonly filled roles include: general manager or group manager, 20.3%; C-positions, such as Chief Human Resources Officer, Chief Operating Offer or Chief Financial Officer, 15.3%; and General Counsel, 13.6%.

An examination of women’s qualifications who fill C-Suite positions found that more than 45% hold a Master’s Degree, 32.3% hold postgraduate qualifications, over 16% have a Master’s in Business Administration and 6.5% hold a Doctorate Degree. This indicates that rather than a lack of suitable qualifications, women are being held back by perception versus reality.

Addressing the very real issue of gender equality will require a multi-pronged approach. The 31 interlocking recommendations from our Filling the Pool report provide a pathway for government, the private sector and individuals to achieve gender equality.

Read the full report.


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