WOMEN EXECUTIVES – AUSTRALIA

Fortescue’s Gaines says more gender diversity needed in ASX firms

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Original article by Stuart McKinnon
The West Australian – Page: Online : 3-Aug-22

Fortescue Metals Group’s outgoing CEO Elizabeth Gaines addressed the Diggers and Dealers forum on Tuesday. She lamented the continued lack of gender diversity among the senior ranks of Australian-listed companies, noting that she became the first female CEO of a major Australian mining company in 2018 and this has not changed much since. Gaines also noted that just seven per cent of speakers at the annual mining industry event are women, while she highlighted the fact that women comprise half of Fortescue’s board.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, DIGGERS AND DEALERS FORUM

Just one in 10 ASX 200 are chaired by a woman

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Original article by Sally Patten
The Australian Financial Review – Page: 21 : 2-Jul-21

Analysis by the Australian Institute of Company Directors shows that women held 33.6 per cent of board seats at companies in the S&P/ASX 200 Index at the end of May. This compares with 30.9 per cent at the same time in 2020. However, the AICD figures also show that just 21 companies in the ASX 200 are chaired by women, compared with 18 in 2020 and 14 in the previous year. Lendlease director Nicola Wakefield Evans says action is needed to boost the number of women who chair blue-chip companies.

CORPORATES
AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, STANDARD AND POOR’S ASX 200 INDEX, LENDLEASE GROUP – ASX LLC

Boards appoint more women than men

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Original article by Sally Patten
The Australian Financial Review – Page: 3 : 13-Apr-18

Fifty-two per cent of directors appointed to the boards of S&P/ASX 200 companies in the first three months of 2018 were female, according to the Australian Institute of Company Directors. This compares to 36 per cent for the same period in 2017, and 44 per cent for the same period in 2016. Companies that appointed female directors in the March 2018 quarter include Whitehaven Coal, Beach Energy and Flight Centre. AICD chair Elizabeth Proust suggests that one reason for the growing number of female directors is research which suggests that diversity is good for a company’s bottom line.

CORPORATES
AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, WHITEHAVEN COAL LIMITED – ASX WHC, BEACH ENERGY LIMITED – ASX BPT, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, DAVID JONES LIMITED, PREMIER INVESTMENTS LIMITED – ASX PMV, PACIFIC BRANDS LIMITED, ARGO INVESTMENTS LIMITED – ASX ARG, ARGO GLOBAL LISTED INFRASTUCTURE LIMITED – ASX ALI, INVOCARE LIMITED – ASX IVC, THORN GROUP LIMITED – ASX TGA, NONI B LIMITED – ASX NBL, COMPUTERSHARE LIMITED – ASX CPU, METCASH LIMITED – ASX MTS, OIL SEARCH LIMITED – ASX OSH, VOCUS GROUP LIMITED – ASX VOC, ACSI INTERNATIONAL PTY LTD

Fortescue boasts a few female firsts in corporate shake-up

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Original article by Paul Garvey
The Australian – Page: 22 : 1-Dec-17

Fortescue Metals announced 30 November that Elizabeth Gaines is to replace outgoing CEO Nev Power, making Gaines the first female to head up a major Australian mining firm. Greg Lilleyman, who had been seen as a contender with Gaines to replace Power, has been promoted from director of operations to chief operating officer, while Julie Shuttleworth, currently in charge of Fortescue’s Solomon operations, has been appointed to the newly created role of deputy CEO. It is believed it makes Fortescue the first ASX 200 company to have females occupying the top two executive roles.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO

Lendlease tops up pool to close pay gap

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Original article by Turi Condon
The Australian – Page: 19 & 23 : 26-Jul-17

Lendlease CEO Steve McCann says companies need to constantly monitor salaries to combat the gender pay. Lendlease has increased its salary pool in recent years to ensure pay equity, and the company has been actively monitoring the salaries of male and female workers in comparable roles since 2014. Meanwhile, the Property Male Champions of Change has advised that the gender balance in leadership roles at its member organisations rose to 30 per cent in 2016-17, compared with 22.1 per cent in 2014-15.

CORPORATES
LEND LEASE GROUP LIMITED – ASX LLC, PROPERTY MALE CHAMPIONS OF CHANGE, DEXUS PROPERTY GROUP – ASX DXS, STOCKLAND – ASX SGP, MIRVAC GROUP – ASX MGR, SCENTRE GROUP – ASX SCG, SAVILLS (AUST) HOLDINGS PTY LTD, CUSHMAN AND WAKEFIELD PTY LTD, FRASERS PROPERTY GROUP, JONES LANG LASALLE AUSTRALIA PTY LTD, CHARTER HALL GROUP – ASX CHC, GPT GROUP – ASX GPT, BRITISH BROADCASTING CORPORATION

Australia lags in female CFOs

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Original article by Tess Ingram
The Australian Financial Review – Page: 18 : 8-Mar-16

Boral, Origin Energy, Dexus Property Group, Perpetual, GPT Group and Magellan Financial Group are the only top-100 listed companies in Australia that have a female CFO, according to research by Conrad Liveris. In contrast, 11 of the 100 largest companies globally boast a female CFO. The research also shows that women now account for 13 of the CFOs at Australia’s 200 largest listed companies, compared with 10 in 2012, while 12 of these companies have a female CEO.

CORPORATES
BORAL LIMITED – ASX BLD, ORIGIN ENERGY LIMITED – ASX ORG, DEXUS PROPERTY GROUP – ASX DXS, PERPETUAL LIMITED – ASX PPT, GPT GROUP – ASX GPT, MAGELLAN FINANCIAL GROUP LIMITED – ASX MFG, STANDARD AND POOR’S ASX 200 INDEX, CITIGROUP PTY LTD, WESTPAC INSTITUTIONAL BANK, DIVERSITY PARTNERS PTY LTD, ARETE EXECUTIVE PTY LTD

No ‘girls club’ in the top boardrooms

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Original article by Damon Kitney
The Australian – Page: 19 & 22 : 3-Mar-16

An Australian Council of Superannuation Investors report in 2015 showed that women accounted for almost 40 per cent of the directors who were appointed by S&P/ASX 100 companies in the previous 12 months. However, about 50 per cent them already held directorships at other companies. Australian Institute of Company Directors chair Elizabeth Proust rejects suggestions of a "girls club" at ASX 100 companies, but she advises against women stepping down from executive roles in order to become non-executive directors.

CORPORATES
AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, STANDARD AND POOR’S ASX 100 INDEX, PERPETUAL LIMITED – ASX PPT, SPOTLESS GROUP HOLDINGS LIMITED – ASX SPO, WESTPAC BANKING CORPORATION – ASX WBC, BANK OF MELBOURNE LIMITED, NESTLE AUSTRALIA LIMITED, KKR AND COMPANY LP, SINCLAIR KNIGHT MERZ PTY LTD, McALEESE LIMITED – ASX MCS, PREMIER INVESTMENTS LIMITED – ASX PMV, BRADKEN LIMITED – ASX BKN, DOWNER EDI LIMITED – ASX DOW, PACIFIC BRANDS LIMITED – ASX PBG, ALE PROPERTY GROUP – ASX LEP, CARDNO LIMITED – ASX CDD, ANSELL LIMITED – ASX ANN, SEEK LIMITED – ASX SEK, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, MYER HOLDINGS LIMITED – ASX MYR, FORTESCUE METALS GROUP LIMITED – ASX FMG, CROWN RESORTS LIMITED – ASX CWN

Gender equality one commodity avoiding the rout

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Original article by Barry FitzGerald
The Australian – Page: 17 : 21-Jan-16

BHP Billiton’s vice-president of strategy and performance, Laura Tyler, says there has been a significant change in the mining sector’s attitude toward women in the industry since she began her career. CEO Andrew Mackenzie has implemented initiatives aimed at increasing gender diversity within BHP, where the proportion of senior positions that are held by women has increased from eight per cent to 17 per cent over the last five years.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, SOUTH32 LIMITED – ASX S32

Tireless hero for innovation

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Original article by Jennifer Hewett
The Australian Financial Review – Page: 35 & 36 : 18-Dec-15

Business Council of Australia president Catherine Livingstone has been named the Business Person of the Year for 2015 by "The Australian Financial Review". Livingstone has been a keen advocate for a greater focus on innovation, and she has welcomed the Federal Government’s innovation statement under new Prime Minister Malcolm Turnbull. She also believes that tax reform should be a priority for the Government.

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, TELSTRA CORPORATION LIMITED – ASX TLS, COCHLEAR LIMITED – ASX COH, AUSTRALIA. NATIONAL COMMISSION OF AUDIT, AUSTRALIA. DEPT OF THE TREASURY, VICTORIA. DEPT OF PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, CSIRO

Leaders call for gender balance

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Original article by Fiona Smith
The Australian Financial Review – Page: 9 : 2-Sep-15

New South Wales Treasurer Gladys Berejiklian complains that there are too few women in business. She told a Women in Banking event in Sydney on 1 September 2015 that she insists on other women being present when she is invited to business events but this condition is not always observed by event organisers. Mirvac board director Sam Mostyn said diversity in business has a positive impact on the quality of decision-making.

CORPORATES
DEUTSCHE BANK AG, MIRVAC GROUP – ASX MGR, NEW SOUTH WALES TREASURY. OFFICE OF FINANCIAL MANAGEMENT, NEW SOUTH WALES TREASURY. OFFICE OF STATE REVENUE, WOOLWORTHS LIMITED – ASX WOW, ASX LIMITED – ASX ASX, QANTAS AIRWAYS LIMITED – ASX QAN, RIO TINTO LIMITED – ASX RIO, MALE CHAMPIONS OF CHANGE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, GOLDMAN SACHS AUSTRALIA PTY LTD, ENVATO PTY LTD, THE COCA-COLA COMPANY