Original article by Patrick Durkin
The Australian Financial Review – Page: 3 : 7-May-24

A research paper from the Australian National University’s Crawford School of Public Policy has concluded that a company’s financial performance is not affected by the gender of new appointments to its board. The research paper is based on an analysis of 1,721 non-executive directors who were appointed by 2,483 listed companies between 2000 and 2016. The authors found that the appointment of a female director to the board had no significant impact on a company’s share price in the days following the announcement. However, 30% Club chair Nicola Wakefield Evans has questioned the validityh of the findings, noting that the proportion of female directors at ASX-listed companies has risen strongly since 2016.

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AUSTRALIAN NATIONAL UNIVERSITY. CRAWFORD SCHOOL OF PUBLIC POLICY, 30% CLUB