Percentage of women on Aust boards doubles

THE percentage of women on Australia's top corporate boards has more than doubled in the past four years, but is still only at 17.6 per cent.

Australian Institute of Company Directors' chief executive John Colvin said the figures showed that while progress still needs to be made, significant ground has been gained as Australian companies embrace the need for greater gender diversity on their boards and senior management.

The percentage of women on ASX200 boards more than doubled since 2010 to 17.6 per cent.

In the ASX20 the percentage of women in directorships was higher at 23.8 per cent.

The number of female chairs on ASX200 boards also doubled over the four years to five per cent.

Mr Colvin said just over four years ago Company Directors instigated a plan to increase the number of women on Australian boards.

"We felt that the proportion of women on major company boards was not good enough and needed to be increased," Mr Colvin said.

"We believed that we had to take a leadership role on this issue."

The organisation's plan to increase the number of women on Australian boards included a chairman's mentoring program and a board diversity scholarship program.

It has also encouraged companies and boards to establish a diversity policy which has measurable goals.

Mr Colvin said he was confident the improvement in females in top positions would continue without the need for quotas or other new regulation.

"The idea of mandated quotas for female representation on boards is wrong in principle, has difficulties in practice, is tokenistic and is counterproductive to the end goal of increasing board diversity," he said.

The Australian Institute of Company Directors provides education, information and advocacy for company directors Australiawide, catering for more than 34,000 members.

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