2004 eowa australian census of women in leadership€¦ · 3.1% of Highest Titles, 2.3% are CEOs...

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2004 eowa australian census of women in leadership

what gets measured gets managed

Proudly sponsored by

IN PARTNERSHIP WITH

Catalyst is the leading US research and advisory

organisation working with businesses and the

professions to build inclusive environments and

expand opportunities for women at work. As an

independent, non-profit membership organisation,

Catalyst uses a solutions-oriented approach that

has earned the confidence of business leaders

around the world. Catalyst conducts research on

all aspects of women’s career advancement and

provides strategic and web-based consulting

services on a global basis to help companies and

firms advance women and build inclusive work

environments. In addition, they honour exemplary

business initiatives that promote women’s leadership

with their annual Catalyst Award. With offices in

New York, San Jose and Toronto, Catalyst is

consistently ranked No. 1 among US nonprofits

focused on women’s issues by The American

Institute of Philanthropy.

IN COLLABORATION WITH

Macquarie University is highly acclaimed for the

innovation and high quality of its teaching and

research. It has led the way on EEO and diversity,

appointing the first female Vice-Chancellor,

Professor Di Yerbury, in 1987 and winning awards

for its strategies to lift barriers in the path of female

students and staff. The University has hosted the

successful annual Women, Management and

Employment Relations Conference since 1989.

www.mq.edu.au

SPONSORED BY

Platinum Sponsors ANZ, including its finance

company Esanda, aspires to be the bank with a

human face in which a diverse workforce plays a

central role. Gender diversity is a key component

organisations can leverage for corporate success,

as it enriches organisational culture, perspectives,

creativity and innovation, as well as leadership and

management style. By sponsoring the Census, ANZ

hopes to assist in recognising the importance of

women in corporate Australia and inspire others

to value difference within their organisations.

www.anz.com and www.esanda.com

Gold Sponsor Macquarie University is also proud

to be a sponsor of the EOWA Australian Census of

Women in Leadership.

© Equal Opportunity for Women in the Workplace Agency 2004

ISBN 0642325103

Australian Government Statistical Clearing House Approval Number 01169 –– 01

This work is copyright. Apart from any use as permitted under the Copyright Act

1968, no part may be reproduced by any process without prior written permission

from the Equal Opportunity for Women in the Workplace Agency. Requests and

enquiries concerning reproduction, rights and content should be addressed to

the: Equal Opportunity for Women in the Workplace Agency, Level 6, 1 Elizabeth

Plaza, North Sydney, NSW, 2060, Australia. Tel. 61 2 9448 8500 Fax. 61 2 9448 8572 www.eowa.gov.au

2004 eowa australian census of women in leadership

A study of women board directors and executive managers in the top 200 ASX companies and the Business Council of Australia member organisations

ABOUT EOWA An Australian Government

agency, the Equal Opportunity for Women

in the Workplace Agency (EOWA) consults

with over 2,700 Australian employers annually

regarding their equal opportunity initiatives.

EOWA’s vision is to create an Australia where

women in the workplace can achieve their

greatest potential. In addition to annual

reporting, EOWA inspires companies to

advance women in their workplace through

various programs. These include the EOWA

Business Achievement Awards, the EOWA

Employer of Choice for Women citation,

awarded to organisations that demonstrate

equal opportunity effectiveness for women,

and the EOWA Australian Census of Women

in Leadership. www.eowa.gov.au

02There has been an increase in the number

of women stepping up to leadership positions

in business, highlighted in the third EOWA

Australian Census of Women in Leadership.

The 2004 Census reports on women in

leadership positions in the ASX Top 200

companies and, for the first time, the member

organisations of the Business Council of

Australia. While a notable increase in executive

management numbers is evident, there are

only minor increases in women at the most

senior levels of these organisations.

In 2004, women hold 10.2% of executive

management positions in the ASX200, a

welcome increase of 1.4% which equates to

a 16% increase on the previous year. Improved

workplace flexibility, changed workplace

practices, a focus on appropriate succession

planning and a recognition of the benefits of

maximising women’s participation have all

contributed to this increase.

Despite these shifts, with women representing

44.5% of the workforce, it is clear that women

remain largely under-represented in leadership

positions. At the highest levels in the ASX200,

women hold 8.6% of Board Directorships,

3.1% of Highest Titles, 2.3% are CEOs and only

1.1% are Chairs.

There is some evidence that, as a group, the

BCA member organisations have higher levels

of representation of women in leadership, a

possible reflection of the presence of foreign-

owned companies who are leading the way.

This international comparison sends a strong

message to Australian companies seeking to

attract the best staff and compete globally.

EOWA looks forward to working with

business in Australia to continue to create an

environment where women in the workplace

can achieve their full potential, for the benefit

of women, business and the economy.

EOWA acknowledges the invaluable support

of our primary sponsors, ANZ and Esanda.

Together we recognise the tremendous work

by Macquarie University in conducting the

research and thank the University for its

continued support. Finally, without the support

of our partner Catalyst, and many others,

the Census would not be possible.

foreword

JOHN McFARLANECHIEF EXECUTIVE OFFICER

ANZ BANKING GROUP LIMITED

ANNA McPHEE DIRECTOR

EOWA

contents03Introduction 4

2004 Census Pyramid: The Status of 5

Women in the Workplace

ASX200 Key Findings 6

ASX200 Trends Over Time 8

ASX200 International Comparison 10

Women Chairs and CEOs in ASX200 Companies 12

Distribution of Individual Women Board 12

Directors Across ASX200 Companies

Women Line Executive Managers 13

in ASX200 Companies

ASX200 Industries With the Highest/Lowest 14

Representation of Women

Business Council of Australia Key Findings 16

Comparison of ASX200 Companies

and BCA Members 17

Methodology and Glossary of Terms 26

ASX200 Blue Ribbon Lists: 28

Organisations Leading the Way

Acknowledgements

appendices

Appendix 1: ASX200 Organisation Data by Industry Incorporating Trusts

Appendix 2: Business Council of Australia Member Organisation Data by Name

Appendix 3: ASX200 Summary Data Incorporating TrustsAppendix 4: ASX200 Summary Data Excluding Trusts Appendix 5: ASX200 Summary Industry Data

Excluding Trusts

figures

Figure 1: Board Directors of ASX200 Companies by Gender

Figure 2: Executive Managers in ASX200 Companies by Gender

Figure 3: Comparison Over 3 Years of the Percentage of Board Seats Held by Women

Figure 4: Comparison Over 3 Years of the Percentage of Executive Management Positions Held

by WomenFigure 5: Comparison Over 3 Years of the Percentage

of Line and Highest Title Positions Held By Women

Figure 6: Percentage of Board Directors that are Women (latest Census results)

Figure 7: Census of Women Board Directors – Australian Progress Compared with

the US and CanadaFigure 8: Percentage of Executive Managers that

are Women (latest Census results)Figure 9: Census of Women Executive Managers

– Australian Progress Compared with the US and Canada

Figure 10: Distribution of Directorships Among Women Directors

Figure 11: Gender Composition of Executive Management Line and Support Roles

Figure 12: Line/Support Role Composition of Executive Managers by Gender

Figure 13: Industries with the Highest Representation of Women in Leadership

Figure 14: Industries with the Lowest Representation of Women in Leadership

Figure 15: Women in Business Council of Australia Member Organisations

Figure 16: Comparison of Women in Leadership inASX200 and BCA Organisations

18

22

24 25 25

6

7

8

9

9

10

10

11

11

12

13

13

14

15

16

17

04This is the third annual analysis of the progress

of women in the corporate leadership of

companies listed on the ASX200 index of

the Australian Stock Exchange. Summary

information is also presented for the first time

for organisations that are members of the

Business Council of Australia (BCA).

This year’s Census publication presents a

number of new analyses of the data, including

trend data, the distribution of individual women

across board seats and a BCA comparison.

Also published for the first time is the EOWA

Australian Census of Women in Leadership

ASX200 Blue Ribbon List, which identifies

the companies with the highest number of

women in leadership positions.

This project is based on the methodology

developed by Catalyst and was first applied

in 1993 in the US. This enables comparisons to

be made with the findings from comparable

studies conducted in other parts of the world:

the United States, Canada and South Africa.

The methodology involves counting the

women and men in corporate leadership

positions, both as Board Directors and in

Executive Management positions (see Glossary

for definitions), using a census rather than

survey approach. This ensures that only the

most accurate and complete picture of women

in senior leadership positions for leading

companies listed on the ASX200, as at

30 June 2004, is measured.

Information was initially summarised from

publicly-available annual reports, and companies

were then contacted to validate the data.

Data from 95.4% of companies were validated,

a significantly higher validation rate than has

been achieved in past years. The key data

presented in this report come from 174 of the

ASX200 companies. (Property and investment

trusts are excluded from the overall analysis.

See Methodology for details)

introduction

census pyramid the status of women in the workplace

SOURCE2004 EOWA Australian Census of Women in Leadership.Australian Vice Chancellors’ CommitteeAustralian Federal, State and Territory Parliamentary WebsitesAustralian Bureau of Statistics (ABS) Supertables, May 2004ABS Labour Force, Australia 6202.0 June 2004

05

ASX200 Chairs

ASX200 CEOs

ASX200 Highest Titles

ASX200 Board Directors

ASX200 Executive Managers

University Vice Chancellors

Federal and State Politicians

Managerial and Professional Positions

Australian Labour Force

1.1% 2.3% 3.1% 8.6% 10.2% 25.0% 28.6% 44.4% 44.5%

06ASX200 key findings women board directors

• Women hold 8.6% of Board Directorships in

the ASX200 Australian companies (see Figure 1).

This compares with 8.4% reported in the 2003

Census and continues the trend of incremental

improvement since the EOWA Census began

in 2002.

• The 2004 result compares with 7.1% reported

in the South African 2004 census, 11.2% in

the Canadian 2003 census and 13.6% reported

in the most recent US 2003 census of Fortune

500 companies (conducted by Catalyst).

• 52.9% of ASX200 companies have at least one

woman Board Director. This is an increase on the

2003 EOWA Census figure of 49.1%. In the US the

comparable figure is 89.2%, in Canada it is 48.6%

and in South Africa it is 40.1%.

8.6% 91.4%

8.6% WOMEN

91.4% MEN

FIGURE 1: BOARD DIRECTORS OF ASX200 COMPANIES BY GENDER

• In 8.0% of ASX200 companies, 25% or more of

Board Directors are women. This figure is higher

than that reported in the 2003 Census (5.9%).

• Industries with the highest representation of

women Board Directors are: Telecommunication

Services, Diversified Financials, Banks, Insurance

and Consumer Durables & Apparel.

ASX200 key findings women executive managers07• Women hold 10.2% of Executive Management

positions in the ASX200 Australian companies

(see Figure 2). This 1.4% improvement

equates to an increase of 16% on the 2003

Census result of 8.8%.

• This compares with 15.7% of corporate

officer positions in the most recent US census,

14.7% reported in the South African census

and 14.0% in the Canadian census.

• 58.0% of ASX200 companies have at least

one woman in an Executive Management

position. This is significantly lower than the

86% figure for US Fortune 500 companies

reported by Catalyst in 2002.

• In 9.2% of Australian companies, a quarter

or more of the Executive Management team

comprised women. The comparable figure in

the US is 12.0%.

• Women account for only 6.5% of Line

executive positions in the companies where

this data was available, compared to 9.9% in

the US in 2002. This figure is higher than that

reported in Australia in 2002, 5.0% and in

2003, 4.7%.

• Women hold four Chief Executive Officer roles

and just 3.1% of the Highest Title positions.

The US figure in 2002 was six Chief Executive

Officers and 7.9% of the Highest Title

positions. Industries with the highest

representation of women Executive Managers

are: Software & Services, Retailing, Health

Care Equipment & Services, Banks and

Diversified Financials.

10.2% 89.8%

10.2% WOMEN

89.8% MEN

FIGURE 2: EXECUTIVE MANAGERS IN ASX200 COMPANIES BY GENDER

08In 2004, 8.6% of all ASX200 Board Directors

are women. This is slightly higher than the

8.4% reported in the 2003 Census. In actual

numbers, women have 112 board seats out

of a total of 1307. Full details can be found

in the list of ASX200 companies by industry

(Appendix 1).

Figure 3 shows the percentage of companies

in the 2004 Census with zero, one and two or

more women directors, as well as the percentage

of companies where women comprise 25%

or more of Board Directors. Only 11.5% of

companies have two or more women directors

and 47.1% do not have any women directors

at all. Further, only 8.0% of companies have

25% or more women directors.

Figure 3 also shows a comparison across the

three years of the EOWA Census. As can be

seen there has been an increase in both the

number of companies where there are two or

more women Board Directors and the number

of companies in which there are 25% or more

women Board Directors.

ASX200 trends over time women board directors

0 10 20 30 40 50 60%

46.747.347.1

9.910.711.5

8.28.48.6

5.95.98.0

WOMEN BOARD DIRECTORS

COMPANIES WITH 25% OR MORE WOMEN BOARD DIRECTORS

COMPANIES WITH 2 OR MORE WOMEN BOARD DIRECTORS

COMPANIES WITHOUT WOMEN BOARD DIRECTORS

2002 2003 2004

FIGURE 3: COMPARISON OVER 3 YEARS OF THE PERCENTAGE OF BOARD SEATS HELD BY WOMEN

ASX200 trends over time women executive managers09In 2004, 10.2% of all Executive Management

positions in the ASX200 companies are held by

women. In actual numbers, women hold 174

out of a total of 1714 Executive Management

positions. A complete list of company details is

shown in Appendix 1.

Figure 4 shows the percentage of companies

with zero, one and two or more women in

Executive Management positions, as well as

the percentage of companies where women

comprise 25% or more of all Executive

Managers. 24.1% have two or more women

in Executive Management positions, 33.9%

have one and 42.0% do not have any female

Executive Managers. Further, 9.2% have 25%

or more women in Executive Management

positions. This pattern is quite different to

that reported in the 2003 Census where

49.1% did not have any women in Executive

Management positions.

As can be seen from Figure 4, there have been

small but notable increases in the proportion

of women in Executive Management positions

over the three years of the Census. This is

particularly evident in the increases in the

overall percentage of women, the percentage

of companies where there are two or more

women and the percentage of women in Line

positions. It is also evident in the significant

decrease in the proportion of companies

without women Executive Managers (from

52.6% in 2002 to 42.0% in 2004).

One figure that has remained constant

across the three years is the percentage

of women in Highest Title positions (see

Figure 5). Using the procedure developed

by Catalyst, these positions are defined as

yielding the most influence and policy-making

power in organisations: CEO, Chairman,

Vice-Chairman, President, Chief Operating

Officer, Senior Executive Vice-President, and

Executive Vice-President.

FIGURE 4: COMPARISON OVER 3 YEARS OF THE PERCENTAGE OF EXECUTIVE MANAGEMENT POSITIONS HELD BY WOMEN

0 10 20 30 40 50 60%

52.649.142.0

17.821.924.1

8.48.8

10.2

8.49.59.2

WOMEN EXECUTIVE MANAGERS

COMPANIES WITH 25% OR MORE WOMEN EXECUTIVE MANAGERS

COMPANIES WITH 2 OR MORE WOMEN EXECUTIVE MANAGERS

COMPANIES WITHOUT WOMENEXECUTIVE MANAGERS

2002 2003 2004

6.5

5.04.7

WOMEN IN LINE POSITIONS

PERC

ENTA

GE

OF

WO

MEN

EX

ECU

TIV

E M

AN

AG

ERS

WOMEN IN HIGHEST

TITLE POSITIONS

0%

1

2

3

4

5

6

7

3.23.23.1

200220032004

FIGURE 5: COMPARISON OVER 3 YEARS OF THE PERCENTAGE OF LINE AND HIGHEST TITLE POSITIONS HELD BY WOMEN

10As can be seen in Figure 6, the percentage

of women on Australian boards (8.6%) is still

relatively low in comparison to Canada (11.2%)

and the US (13.6%), while being slightly higher

than South Africa (7.1%).

Figure 7 shows a comparison of Australian,

US and Canadian census results for Board

Directors since the census was first undertaken

in each country. Australia’s increase over time

has been minimal, particularly in comparison

to Canada which has experienced a sharp

increase since its first census.

ASX200 international comparison of women board directors

PERCENTAGE OF WOMEN BOARD DIRECTORS

0% 4

13.6

11.2

8.6

7.1

8 12 16

UNITED STATES 2003

CANADA 2003

AUSTRALIA 2004

SOUTH AFRICA 2004

FIGURE 6: PERCENTAGE OF BOARD DIRECTORS THAT ARE WOMEN (LATEST CENSUS RESULTS)

US CANADA AUSTRALIA

6%

8

10

12

14

16

18

CENSUS

PERC

ENTA

GE

OF

WO

MEN

BO

ARD

DIR

ECTO

RS

1993 8.3%

1994 8.7%

19959.6%

199610.2%2001

9.8%

200311.2%

200313.6%

19986.2%

20038.4%

20048.6%2002

8.2%

1ST 2ND 3RD 4TH 10TH

FIGURE 7: CENSUS OF WOMEN BOARD DIRECTORS – AUSTRALIAN PROGRESS COMPARED WITH THE US AND CANADA

ASX200 international comparison of women executive managers11Although the Australian figures show a

substantial increase in the past 12 months

from 8.8% to 10.2%, there are still considerably

fewer women in Executive Management

positions in Australia than in other countries

(see Figure 8). This compares with 15.7%

in the US, 14.7% in South Africa and 14.0%

in the most recent Canadian census.

Figure 9 shows a comparison of Australian,

US and Canadian census results for Executive

Managers since the census was first undertaken

in each country. All three countries demonstrate

an upward trend over time, however Canada

had a significantly higher starting point than

Australia and the US.

PERCENTAGE OF WOMEN EXECUTIVE MANAGERS

0% 4

15.7

14.0

10.2

14.7

8 12 16

UNITED STATES 2002

CANADA 2002

AUSTRALIA 2004

SOUTH AFRICA 2004

FIGURE 8: PERCENTAGE OF EXECUTIVE MANAGERS THAT ARE WOMEN (LATEST CENSUS RESULTS)

US CANADA AUSTRALIA

6%

8

10

12

14

16

18

CENSUS

PERC

ENTA

GE

OF

WO

MEN

EX

ECU

TIV

E M

AN

AG

ERS

200214.0%

199912.0% 1996

10.0%

199811.2%

200012.5%

200215.7%

19958.7% 2003

8.8%

200410.2%

20028.4%

1ST 2ND 3RD 4TH 5TH

FIGURE 9: CENSUS OF WOMEN EXECUTIVE MANAGERS – AUSTRALIAN PROGRESS COMPARED WITH THE US AND CANADA

women chairs and CEOs in ASX200 companies

Women are under represented in the topmost

corporate positions in ASX200 organisations.

Only two (1.1%) Chairs of Boards and four

(2.3%) Chief Executive Officers are women.

Further, women hold only 3.1% of the Highest

Title positions in ASX200 companies. These

figures have remained relatively constant

across the three years of the EOWA Census,

indicating that there are still significant

barriers to women achieving these positions

in Australian corporations.

12

0

5

10

15

20

25

30

35

40

45

50

55

60

56

710

3

4 3 2 1

DIRECTORSHIPS

NU

MB

ER O

F W

OM

EN

FIGURE 10: DISTRIBUTION OF DIRECTORSHIPS AMONG WOMEN BOARD DIRECTORS

Figure 10 shows that there are 76 women Board

Directors holding 112 ASX200 directorships

between them. Interestingly, the majority of

women, 73.7%, hold only one directorship of an

ASX200 company. This figure compares with

81.8% reported in the 2004 South African

census, 86.0% in the 2003 Canadian census

and 74.7% in the most recent US census in 2003.

distribution of individual women board directors across ASX200 companies

13 women line executive managers in ASX200 companies

Catalyst reports that advancement to the most

senior positions in business organisations

is associated with breadth of experience,

especially in line projects. People in Line

positions have responsibility for profit-and-

loss or direct client service. Support (or Staff )

positions, such as in human resources and

legal provide key functional support to line

operations. Since Line experience is widely

considered essential for rising to the role

of CEO and equivalent, Catalyst advocates

analysing the Line and Support status of

women and men in senior positions.

Of all the Line positions identified, women

hold 6.5%, and of the Support positions, 20.0%

(see Figure 11). Considering women as a group,

37.9% are in Line positions and 62.1% are in

Support positions. In contrast, 68.6% of men

are in Line positions and 31.4% are in Support

positions (see Figure 12). These figures are based

on an analysis of the position titles provided by

the companies.

0%

20

10

30

40

50

60

70

80

90

100

93.5

6.5

80.0

20.0

SUPPORT ROLES

GENDER BREAKDOWN OF ROLES

LINE ROLES

PERC

ENTA

GE

OF

EXEC

UTI

VE

MA

NA

GEM

ENT

ROLE

S

WOMEN

MEN

0%

20

10

30

40

50

60

70

80

90

100

37.9

62.1

MEN

ROLE OF EXECUTIVE MANAGERS

WOMEN

PERC

ENTA

GE

OF

EXEC

UTI

VE

MA

NA

GER

S

31.4

68.6

LINE ROLES

SUPPORT ROLES

FIGURE 11: GENDER COMPOSITION OF EXECUTIVE MANAGEMENT LINE AND SUPPORT ROLES

FIGURE 12 LINE/SUPPORT ROLE COMPOSITION OF EXECUTIVE MANAGERS BY GENDER

14Figure 13 shows a comparison of industry

categories with high representations of

women on boards and in executive

management. (See Appendix 1 for details.)

While it is generally the case that organisations

with a high percentage of women Board

Directors also have a high percentage of

women Executive Managers, Consumer

Durables provides the exception. Overall, the

industries with the highest representation of

women in senior roles are: Telecommunications,

Software & Services, Diversified Financials,

Banks, Insurance and Retailing.

ASX200 industries with a high representation of women

0 5 10 15 20 25 30%

SOFTWARE & SERVICES

HEALTHCARE EQUIPMENT & SERVICES

INSURANCE

DIVERSIFIED FINANCIALS

TELECOMMUNICATIONS

RETAILING

CONSUMER DURABLES & APPAREL

BANKS

21.111.8

15.715.4

15.40.0

7.018.0

16.414.5

15.413.0

9.915.6

12.019.4

BOARDEXECUTIVE MANAGEMENT

FIGURE 13: INDUSTRIES WITH THE HIGHEST REPRESENTATION OF WOMEN IN LEADERSHIP

ASX200 industries with a low representation of women15Figure 14 shows a comparison of industry

categories with a low representation

of women on boards and in executive

management. (See Appendix 1 for details.)

The industries with the lowest representation

of women Board Directors are: Automobiles

& Components, Technology & Hardware

Equipment, Commercial Services & Supplies,

Real Estate and Energy. Industries with the

lowest representation of women in Executive

Management positions are: Consumer

Durables & Apparel, Hotels Restaurants

& Leisure, Food Beverage & Tobacco, Capital

Goods and Automobiles & Components.

0 4 8 12 16%

CONSUMER DURABLES & APPAREL

FOOD BEVERAGE & TOBACCO

ENERGY

COMMERCIAL SERVICES & SUPPLIES

TECHNOLOGY HARDWARE & EQUIPMENT

HOTELS RESTAURANTS & LEISURE

CAPITAL GOODS

REAL ESTATE

0.08.0

AUTOMOBILES & COMPONENTS 0.06.7

4.710.9

7.16.0

12.23.3

1.69.5

5.87.9

6.34.4

15.40.0

BOARDEXECUTIVE MANAGEMENT

FIGURE 14: INDUSTRIES WITH THE LOWEST REPRESENTATION OF WOMEN IN LEADERSHIP

16Organisations that are members of the

Business Council of Australia (BCA) were

included in the EOWA Census research for the

first time this year. A summary of the findings

for this group is shown in Appendix 2.

Whilst sourcing and validating the BCA

information, it became clear that the ASX200

methodology would require development

to allow for different corporate structures

in several of the BCA companies. Some

companies, while having a board for the parent

organisation, also had a local (advisory) board in

Australia. To take account of this, both sets of

data are provided in Appendix 2. Some other

organisations are based on a partnership

structure (eg. law firms). To take account of

this, data are also provided on women partners

where appropriate. By providing the data for

these additional categories, we are able to

present a more accurate measurement of

women in leadership for each organisation.

Figure 15 presents the data in the four

significant categories: Overseas (Parent)

Boards, Australian (Advisory) Boards,

Partners and Executive Managers

business council of australia key findings

0%

5

10

15

20

11.4

AUSTRALIAN(ADVISORY)

BOARD DIRECTORS

OVERSEAS(PARENT)BOARD

DIRECTORS

10.9

13.5

12.0

EXECUTIVEMANAGERS

PARTNERS

PERC

ENTA

GE

OF

WO

MEN

FIGURE 15: WOMEN IN BUSINESS COUNCIL OF AUSTRALIA MEMBER ORGANISATIONS

comparison of ASX200 companies and BCA members17Figure 16 shows a comparison between the

ASX200 companies and the members of the

BCA. There is some evidence that, as a group,

the BCA member organisations have a higher

level of representation of women in leadership.

This may be attributable to the fact that this

group incorporates foreign-owned companies,

which tend to have higher numbers of women

at senior levels.

Forty-eight companies listed in the ASX200

are also members of the BCA. Figure 16 is

therefore indicative of the average differences

between the ASX200 companies and the BCA

member organisations. Figures for non-ASX200

BCA organsations are included for comparison.

0%

5

10

15

20

CHAIRS CEOsBOARDDIRECTORS

EXECUTIVEMANAGERS

PERC

ENTA

GE

OF

WO

MEN

ASX200 BCA NON-ASX BCA

1.13.1

4.1

8.613.1

13.8

10.213.0

12.8

2.34.1

4.1

FIGURE 16: COMPARISON OF WOMEN IN LEADERSHIP IN ASX200 AND BCA ORGANISATIONS

Where companies have both an Australian (advisory)

board and an overseas (parent) board, Australian board

data have been used. Overseas board data are used

where no Australian board exists.

Includes partners, where applicable.

Figures are based on those companies for which the

data were available. See Appendices 1 and 2 for details

of individual companies’ data.

Includes only those BCA organisations that are not

also in the ASX200.

18ASX200 organisation data by industry incorporating trustsAppendix 1

CompanyASX

CodeBCA

MemberASX

RankSub-

Industry

Women Board

Directors

Total Board

Directors

% Women Board

Directors

Women Executive Managers

Total Executive Managers

% Women Executive Managers

Automobiles & Components 0 12 0.0% 1 15 6.7%

ION Limited ION N 159 25101010 0 5 0.0% 0 7 0.0%

Pacifica Group Limited PBB N 144 25101010 0 7 0.0% 1 8 12.5%

Banks 11 70 15.7% 14 91 15.4%

Adelaide Bank Limited ADB N 123 40101015 2 8 25.0% 1 11 9.1%

Australia and New Zealand Banking Group Limited ANZ Y 4 40101010 1 8 12.5% 2 16 12.5%

Bank of Queensland Limited BOQ N 117 40101015 0 8 0.0% 3 10 30.0%

Bendigo Bank Limited BEN Y 93 40101015 1 8 12.5% 4 13 30.8%

Commonwealth Bank of Australia CBA Y 3 40101010 2 12 16.7% 0 11 0.0%

National Australia Bank Limited NAB Y 2 40101010 1 9 11.1% 1 12 8.3%

St. George Bank Limited SGB Y 11 40101010 2 8 25.0% 1 9 11.1%

Westpac Banking Corporation WBC Y 5 40101010 2 9 22.2% 2 9 22.2%

Capital Goods 4 56 7.1% 5 83 6.0%

Crane Group Limited CRG N 154 20102010 1 7 14.3% 1 16 6.3%

GWA International Limited GWT N 121 20102010 0 6 0.0% 0 9 0.0%

Henry Walker Eltin Group Limited HWE N 192 20103010 0 6 0.0% 2 13 15.4%

Hills Industries Limited HIL N 147 20105010 1 8 12.5% 0 8 0.0%

Multiplex Group MXG N 73 20103010 1 10 10.0% 1 17 5.9%

United Group Limited UGL N 152 20103010 0 7 0.0% 1 10 10.0%

Wesfarmers Limited WES Y 13 20105010 1 12 8.3% 0 10 0.0%

Commercial Services & Supplies 1 62 1.6% 7 74 9.5%

Brambles Industries Limited BIL Y 34 20201030 0 10 0.0% 2 10 20.0%

Coates Hire Limited COA N 132 20201030 0 5 0.0% 0 5 0.0%

Corporate Express Australia Limited CXP N 115 20201060 1 7 14.3% 4 18 22.2%

Downer E.D.I. Limited DOW N 116 20201030 0 10 0.0% 0 14 0.0%

Leighton Holdings Limited LEI Y 60 20103010 0 12 0.0% 1 9 11.1%

Spotless Group Limited SPT N 112 20201030 0 9 0.0% 0 10 0.0%

Transfield Services Limited TSE N 129 20201030 0 9 0.0% 0 8 0.0%

Consumer Durables & Apparel 2 13 15.4% 0 22 0.0%

Billabong International Limited BBG N 77 25203010 2 8 25.0% 0 9 0.0%

GUD Holdings Limited GUD N 146 25201040 0 5 0.0% 0 13 0.0%

Diversified Financials 10 61 16.4% 10 69 14.5%

Australian Stock Exchange Limited ASX Y 79 40201040 2 8 25.0% 3 11 27.3%

Challenger Financial Services Group Limited CGF N 98 40201030 1 9 11.1% 1 9 11.1%

IOOF Holdings Limited IFL N 179 40203010 1 7 14.3% 1 6 16.7%

Macquarie Bank Limited MBL Y 25 40203020 2 11 18.2% 0 15 0.0%

Perpetual Trustees Australia Limited PPT Y 74 40203010 2 8 25.0% 1 9 11.1%

SFE Corporation Limited SFE N 120 40201040 1 9 11.1% 2 11 18.2%

Suncorp-Metway Limited SUN Y 23 40201020 1 9 11.1% 2 8 25.0%

Energy 4 69 5.8% 8 101 7.9%

A.R.C. Energy Limited ARQ N 193 10102020 0 6 0.0% 0 6 0.0%

Australian Worldwide Exploration Limited AWE N 164 10102020 0 6 0.0% 0 5 0.0%

Caltex Australia Limited CTX Y 59 10102030 1 6 16.7% 2 9 22.2%

Oil Search Limited OSH N 82 10102020 0 8 0.0% 1 17 5.9%

Origin Energy Limited ORG Y 46 10102010 1 7 14.3% 1 11 9.1%

Roc Oil Company Limited ROC N 185 10102020 0 7 0.0% 1 9 11.1%

Santos Limited STO Y 44 10102020 1 7 14.3% 2 16 12.5%

Tap Oil Limited TAP N 188 10102020 0 5 0.0% 0 6 0.0%

Woodside Petroleum Limited WPL Y 12 10102020 1 10 10.0% 0 11 0.0%

Worley Group Limited WOR N 10 10101020 0 7 0.0% 1 11 9.1%

Food & Drug Retailing 5 49 10.2% 6 66 9.1%

A.W.B. Limited AWB Y 80 30102010 1 12 8.3% 2 10 20.0%

Coles Myer Limited CML Y 14 30101040 2 11 18.2% 2 16 12.5%

Foodland Associated Limited FOA N 69 30101030 0 9 0.0% 2 20 10.0%

Metcash Trading Limited MTT N 76 30101020 0 11 0.0% 0 10 0.0%

Woolworths Limited WOW Y 160 30101030 2 6 33.3% 0 10 0.0%

19Company

ASX Code

BCA Member

ASX Rank

Sub- Industry

Women Board

Directors

Total Board

Directors

% Women Board

Directors




Food Beverage & Tobacco 5 79 6.3% 4 91 4.4%

Burns, Philp and Company BPC N 85 30202030 0 6 0.0% 1 15 6.7%

Coca-Cola Amatil Limited CCL Y 38 30201030 1 8 12.5% 0 6 0.0%

Foster’s Group Limited FGL Y 16 30201010 1 6 16.7% 0 10 0.0%

Futuris Corporation Limited FCL N 110 30202010 0 9 0.0% 1 11 9.1%

Lion-Nathan Limited LNN N 47 30201010 1 9 11.1% 0 10 0.0%

McGuigan Simeon Wines Limited MGW N 151 30201020 0 9 0.0% 0 6 0.0%

National Foods Limited NFD N 90 30202030 0 8 0.0% 0 8 0.0%

Ridley Corporation Limited RIC N 172 30202010 1 7 14.3% 0 4 0.0%

S. P. C. Ardmona Limited SPC N 178 30202030 0 8 0.0% 1 8 12.5%

Southcorp Limited SRP N 64 30201020 1 9 11.1% 1 13 7.7%

Health Care Equipment & Services 8 81 9.9% 22 141 15.6%

Ansell Limited ANN N 87 35101020 0 6 0.0% 0 14 0.0%

Cochlear Limited COH N 95 35101010 1 8 12.5% 1 12 8.3%

D.C.A . Group Limited DVC N 124 35102020 0 7 0.0% 1 6 16.7%

Healthscope Limited HSP N 176 35102020 1 6 16.7% 3 9 33.3%

Mayne Group Limited MAY Y 67 35102020 2 8 25.0% 0 11 0.0%

MIA Group Limited MIA N 135 35102015 0 7 0.0% 0 7 0.0%

Ramsay Health Care RHC N 130 35102020 1 9 11.1% 1 5 20.0%

Resmed Incorporated RMD N 61 35101010 0 7 0.0% 4 34 11.8%

Sigma Company Limited SIG N 99 35102010 1 9 11.1% 1 11 9.1%

Sonic Healthcare Limited SHL N 62 35102015 0 9 0.0% 7 20 35.0%

Ventracor Limited VCR N 184 35101010 2 5 40.0% 4 12 33.3%

Hotels Restaurants & Leisure 5 41 12.2% 2 61 3.3%

Aristocrat Leisure Limited ALL N 65 25301010 1 7 14.3% 0 15 0.0%

Australian Leisure and Hospitality Group Limited ALH N 119 25301040 1 5 20.0% 1 9 11.1%

Burswood Limited BIR N 138 25301010 1 6 16.7% 0 9 0.0%

TABLimited TAB N 66 25301010 1 7 14.3% 0 7 0.0%

Tabcorp Holdings Limited TAH N 31 25301010 0 7 0.0% 0 10 0.0%

UniTAB Limited UTB N 103 25301010 1 9 11.1% 1 11 9.1%

Insurance 8 52 15.4% 9 69 13.0%

A.M.P. Limited AMP Y 9 40301020 2 7 28.6% 1 8 12.5%

A.X.A. Asia Pacific Holdings Limited AXA N 32 40301020 0 8 0.0% 3 11 27.3%

HHG-PLC HHG N 70 40301020 0 8 0.0% 1 8 12.5%

Insurance Australia Group IAG Y 22 40301040 2 8 25.0% 2 13 15.4%

OAMPS Limited OMP N 177 40301010 0 6 0.0% 0 7 0.0%

Promina Group Limited PMN N 41 40301010 2 7 28.6% 0 10 0.0%

QBE Insurance Group Limited QBE N 18 40301040 2 8 25.0% 2 12 16.7%

Materials 15 247 6.1% 19 288 6.6%

Adelaide Brighton Limited ABC N 134 15102010 0 7 0.0% 0 7 0.0%

Alumina Limited AWC Y 29 15104010 0 5 0.0% 0 3 0.0%

Amcor Limited AMC Y 30 15103020 1 7 14.3% 0 6 0.0%

Aquarius Platinum Limited AQP N 157 15104040 1 6 16.7% 0 10 0.0%

B.H.P. Billiton Limited BHP Y 1 15104020 1 12 8.3% 0 13 0.0%

Bluescope Steel Limited BSL Y 37 15104050 1 8 12.5% 1 7 14.3%

Boral Limited BLD Y 45 15102010 1 7 14.3% 1 12 8.3%

C.S.R. Limited CSR Y 71 15102010 1 6 16.7% 1 12 8.3%

Capral Aluminium Limited CAA N 191 15104010 0 7 0.0% 0 9 0.0%

Centennial Coal Company Limited CEY N 140 15104020 0 6 0.0% 1 14 7.1%

Croesus Mining NL CRS N 196 15104030 0 4 0.0% 1 10 10.0%

Great Southern Plantations Limited GTP N 131 15105010 1 5 20.0% 3 11 27.3%

Gunns Limited GNS N 102 15105010 0 6 0.0% 0 1 0.0%

Hardman Resources Ltd HDR N 94 10102020 0 5 0.0% 1 6 16.7%

Iluka Resources Limited ILU N 107 15104020 1 8 12.5% 0 6 0.0%

James Hardie Industries NV JHX Y 54 15102010 0 11 0.0% 0 6 0.0%

Jubilee Mines NL JBM N 153 15104020 0 5 0.0% 0 6 0.0%

20ASX200 organisation data by industry incorporating trustsAppendix 1 continued

CompanyASX

CodeBCA

MemberASX

RankSub-

Industry

Women Board

Directors

Total Board

Directors

% Women Board

Directors




Kingsgate Consolidated Limited KCN N 181 15104030 0 5 0.0% 0 5 0.0%

Lihir Gold Limited LHG N 92 15104030 0 6 0.0% 0 12 0.0%

Lion Selection Group Limited LSG N 194 15104030 0 4 0.0% 4 11 36.4%

Minara Resources Limited MRE N 104 15104020 0 9 0.0% 0 4 0.0%

Newcrest Mining Limited NCM N 39 15104030 1 6 16.7% 0 8 0.0%

Nufarm Limited NUF N 109 15101030 0 8 0.0% 0 9 0.0%

One Steel Limited OST Y 84 15104050 1 7 14.3% 0 10 0.0%

Orica Limited ORI Y 43 15101020 1 9 11.1% 1 8 12.5%

Oxiana Limited OXR N 113 15104030 0 5 0.0% 0 7 0.0%

Paperlinx Limited PPX Y 68 15105020 1 9 11.1% 0 10 0.0%

Portman Limited PMM N 180 15104020 1 6 16.7% 0 5 0.0%

Rinker Group Limited RIN N 24 15102010 0 6 0.0% 2 10 20.0%

Rio Tinto Limited RIO Y 8 15104020 0 14 0.0% 1 13 7.7%

Sims Group Limited SMS Y 108 15104020 0 6 0.0% 1 7 14.3%

Smorgon Steel Group Limited SSX Y 114 15104050 0 8 0.0% 0 8 0.0%

Sons of Gwalia Limited SGW N 148 15104030 0 4 0.0% 0 7 0.0%

Wattyl Limited WYL N 183 15101050 1 5 20.0% 1 7 14.3%

WMC Resources Limited WMR Y 35 15104020 1 9 11.1% 0 5 0.0%

Zinifex Limited ZFX Y 118 15104020 0 6 0.0% 0 3 0.0%

Media 10 120 8.3% 26 169 15.4%

A.P.N. News and Media Limited APN N 72 25401040 1 12 8.3% 0 8 0.0%

Austereo Group Limited AEO N 143 25401020 0 8 0.0% 6 14 42.9%

John Fairfax Holdings Limited FXJ N 49 25401040 2 9 22.2% 2 9 22.2%

Macquarie Communications Infrastructure Group* MCG N 142 25401020 0 5 0.0% 5 11 45.5%

News Corporation Limited (The) NCP N 7 25401030 0 15 0.0% 2 16 12.5%

PMP Limited PMP N 155 25401040 1 7 14.3% 0 14 0.0%

Publishing and Broadcasting Limited PBL Y 21 25401020 1 11 9.1% 1 11 9.1%

Record Investments Limited RCD N 139 40203030 1 6 16.7% 1 6 16.7%

Seven Network Limited SEV N 101 25401020 1 8 12.5% 4 21 19.1%

Southern Cross Broadcasting (Australia) Limited SBC N 128 25401020 1 7 14.3% 2 19 10.5%

STW Communications Group Limited SGN N 145 25401010 1 8 12.5% 0 3 0.0%

Ten Network Holdings Limited TEN N 96 25401020 1 11 9.1% 1 14 7.1%

Village Roadshow Limited VRL N 162 25401030 0 8 0.0% 1 12 8.3%

West Australian Newspapers Holdings Limited WAN N 83 25401040 0 5 0.0% 1 11 9.1%

Pharmaceuticals & Biotechnology 2 22 9.1% 3 36 8.3%

C.S.L. Limited CSL N 40 35201010 1 8 12.5% 0 9 0.0%

Chemeq Limited CMQ N 161 35201010 0 4 0.0% 0 6 0.0%

Novogen Limited NRT N 150 35202010 1 6 16.7% 3 13 23.1%

Peptech Limited PTD N 190 35201010 0 4 0.0% 0 8 0.0%

Real Estate 10 201 5.0% 47 285 16.5%

Australand Property Group ALZ N 89 40401020 0 8 0.0% 1 8 12.5%

Bunnings Warehouse Property Trust* BWP N 156 40401010 0 4 0.0% 0 1 0.0%

Centro Properties Group CEP N 58 40401010 0 5 0.0% 1 7 14.3%

CFS Gandel Retail Trust* GAN N 56 40401010 0 5 0.0% 2 7 28.6%

Commonwealth Property Office Fund* CPA N 78 40401010 0 5 0.0% 0 7 0.0%

Deutsche Diversified Trust* DDF N 97 40401010 0 7 0.0% 4 17 23.5%

Deutsche Industrial Trust* DIT N 141 40401010 0 7 0.0% 6 16 37.5%

Deutsche Office Trust* DOT N 88 40401010 0 7 0.0% 7 19 36.8%

F.K.P. Limited FKP N 171 40401020 0 7 0.0% 1 9 11.1%

Galileo Shopping America Trust* GSA N 182 40401010 1 5 20.0% 3 7 42.9%

General Property Trust* GPT N 26 40401010 1 8 12.5% 1 10 10.0%

ING Industrial Fund* IIF N 91 40401010 0 5 0.0% 1 4 25.0%

ING Office Fund* IOF N 106 40401010 0 5 0.0% 1 4 25.0%

Investa Property Group IPG N 53 40401010 1 6 16.7% 0 8 0.0%

James Fielding Group JFG N 166 40401010 0 7 0.0% 1 11 9.1%

Lend Lease Corporation LLC Y 42 40401020 1 6 16.7% 2 11 18.2%

21Company

ASX Code

BCA Member

ASX Rank

Sub- Industry

Women Board

Directors

Total Board

Directors

% Women Board

Directors




Macquarie Countrywide Trust* MCW N 105 40401010 0 5 0.0% 2 5 40.0%

Macquarie DDR Trust* MDT N 127 40401010 0 8 0.0% 1 5 20.0%

Macquarie Goodman Industrial Trust* MGI N 55 40401010 1 5 20.0% 2 6 33.3%

Macquarie Office Trust* MOF N 100 40401010 0 7 0.0% 2 6 33.3%

Macquarie ProLogis Trust* MPR N 126 40401010 0 8 0.0% 1 6 16.7%

Mirvac Group MGR N 51 40401010 1 9 11.1% 0 12 0.0%

Principal America Office Trust* PAO N 125 40401010 1 5 20.0% 1 12 8.3%

Ronin Property Group RPH N 111 40401010 0 5 0.0% 1 9 11.1%

Stockland SGP Y 33 40401010 0 8 0.0% 4 9 44.4%

Thakral Holdings Group THG N 168 40401010 0 7 0.0% 0 6 0.0%

Valad Property Group VPG N 189 40401010 0 6 0.0% 2 12 16.7%

Westfield America Trust* WFA N 20 40401010 1 10 10.0% 0 17 0.0%

Westfield Holdings Limited WSF N 19 40401010 1 11 9.1% 0 17 0.0%

Westfield Trust* WFT N 17 40401010 1 10 10.0% 0 17 0.0%

Retailing 3 43 7.0% 9 50 18.0%

Colorado Group Limited CDO N 158 25504010 1 6 16.7% 2 9 22.2%

David Jones Limited DJS Y 133 25503010 1 7 14.3% 3 11 27.3%

Harvey Norman Holdings Limited HVN N 52 25503020 1 10 10.0% 1 5 20.0%

Housewares International Limited HWI N 186 25501010 0 7 0.0% 2 8 25.0%

Miller’s Retail Limited MRL N 174 25504010 0 5 0.0% 0 7 0.0%

Repco Corporation Limited RCL N 163 25501010 0 8 0.0% 1 10 10.0%

Software & Services 3 25 12.0% 6 31 19.4%

Baycorp Advantage Limited BCA N 136 45102020 1 7 14.3% 3 10 30.0%

Computershare Limited CPU N 75 45102020 1 7 14.3% 1 7 14.3%

Infomedia Limited IFM N 187 45103010 1 6 16.7% 1 9 11.1%

IRESS Market Technology Limited IRE N 173 45102020 0 5 0.0% 1 5 20.0%

Technology Hardware & Equipment 0 13 0.0% 2 25 8.0%

E.R.G. Limited ERG N 197 45203010 0 5 0.0% 1 14 7.1%

Vision Systems Limited VSL N 195 45203010 0 8 0.0% 1 11 9.1%

Telecommunication Services 4 19 21.1% 2 17 11.8%

Telecom Corporation of New Zealand Limited TEL Y 15 50101020 2 7 28.6% 2 9 22.2%

Telstra Corporation Limited TLS Y 6 50101020 2 12 16.7% 0 8 0.0%

Transportation 4 71 5.6% 10 76 13.2%

Adsteam Marine Limited ADZ N 169 20305030 0 7 0.0% 0 7 0.0%

Australian Infrastructure Fund* AIX N 167 20301010 0 6 0.0% 0 1 0.0%

Macquarie Airports* MAP N 63 20305010 1 8 12.5% 6 14 42.9%

Macquarie Infrastructure Group* MIG N 28 20305020 0 7 0.0% 0 3 0.0%

Patrick Corporation Limited PRK N 50 20305030 0 4 0.0% 0 10 0.0%

Prime Infrastructure Group PIF N 149 20305030 1 6 16.7% 1 5 20.0%

Qantas Airways Limited QAN Y 27 20302010 1 11 9.1% 1 14 7.1%

The Hills Motorway Limited HLY N 86 20305020 0 7 0.0% 0 2 0.0%

Toll Holdings Limited TOL N 48 20304020 0 7 0.0% 0 8 0.0%

Transurban Group TCL N 57 20305020 1 8 12.5% 2 12 16.7%

Utilities 5 50 10.0% 7 54 13.0%

Alinta Limited ALN N 81 55102010 2 6 33.3% 2 11 18.2%

Australian Gas Light Company AGL Y 36 55102010 1 8 12.5% 1 10 10.0%

Australian Pipeline Trust* APA N 137 55102010 0 7 0.0% 0 5 0.0%

Energy Developments ENE N 170 55101010 0 8 0.0% 1 9 11.1%

Envestra Limited ENV N 122 55102010 0 8 0.0% 1 7 14.3%

GasNet Australia GAS N 175 55102010 1 5 20.0% 2 7 28.6%

Pacific Hydro Limited PHY N 165 55101010 1 8 12.5% 0 5 0.0%

* Property and Investment Trusts or Entities are not included in the main analysis. For destails, see Methodology on page 16.

business council of australia member organisation data by nameAppendix 2

22Company

ASX200 Company

Women Parent Board

Directors

Total Parent Board

Directors

% Women Parent Board

Directors

Women Aust’n

Advisory Board

Total Aust’n

Advisory Board

% Women Aust’n

Advisory Board

Women Partners

Total Partners

% Women Partners

Women Aust’n

Executive Managers

Total Aust’n

Executive Managers

% Women Aust’n

Executive Managers

A.B.B. Australia Limited N 0 8 0.0% 0 3 0.0% n/a 2 9 22.2%

A.C.I. Packaging N 1 10 10.0% 0 0 0.0% n/a 0 10 0.0%

A.M.P. Limited Y 2 7 28.6% n/a n/a 1 8 12.5%

A.W.B. Limited Y 1 12 8.3% n/a n/a 2 10 20.0%

ABN Amro Australia Limited N 0 6 0.0% 1 10 10.0% n/a 1 10 10.0%

Accenture N 2 15 13.3% 0 0 0.0% n/a 3 15 20.0%

Alcoa World Alumina Australia

N 2 11 18.2% 0 0 0.0% n/a 1 12 8.3%

Allens Arthur Robinson N 3 14 21.4% n/a 30 184 16.3% 2 9 22.2%

Alumina Limited Y 0 5 0.0% n/a n/a 0 3 0.0%

Amcor Limited Y 1 7 14.3% n/a n/a 0 6 0.0%

Australia and New Zealand Banking Group Limited

Y 1 8 12.5% n/a n/a 2 16 12.5%

Australia Post N 3 8 37.5% n/a n/a 2 11 18.2%

Australian Gas Light Company

Y 1 8 12.5% n/a n/a 1 10 10.0%

Australian Stock Exchange Limited

Y 2 8 25.0% n/a n/a 3 11 27.3%

B.H.P. Billiton Limited Y 1 12 8.3% n/a n/a 0 13 0.0%

B.O.C. Limited N 2 12 16.7% 0 4 0.0% n/a 3 23 13.0%

B.P. Australasia N 1 18 5.6% - n/a -

Bendigo Bank Limited Y 1 8 12.5% n/a n/a 4 13 30.8%

Blake Dawson Waldron N 1 7 14.3% n/a 34 201 16.9% 3 8 37.5%

Bluescope Steel Limited Y 1 8 12.5% n/a n/a 1 7 14.3%

Boeing Australia Limited N 2 10 20.0% 0 0 0.0% n/a 0 11 0.0%

Boral Limited Y 1 7 14.3% n/a n/a 1 12 8.3%

Brambles Industries Limited Y 0 10 0.0% n/a n/a 2 10 20.0%

British American Tobacco Australasia Limited

N 1 12 8.3% - n/a -

C.S.R. Limited Y 1 6 16.7% n/a n/a 1 12 8.3%

Caltex Australia Limited Y 1 6 16.7% n/a n/a 2 9 22.2%

Citigroup Australia and New Zealand

N 1 17 5.9% 0 0 0.0% n/a 1 8 12.5%

Coca-Cola Amatil Limited Y 1 8 12.5% n/a n/a 0 6 0.0%

Coles Myer Limited Y 2 11 18.2% n/a n/a 2 16 12.5%

Commonwealth Bank of Australia

Y 2 12 16.7% n/a n/a 0 11 0.0%

Corrs Chambers Westgarth N 0 7 0.0% n/a 20 117 17.1% 2 9 22.2%

Credit Suisse First Boston N 0 9 0.0% - n/a -

CSC Australia Pty. Limited N 0 10 0.0% 4 4 100.0% n/a 3 14 21.4%

David Jones Limited Y 1 7 14.3% n/a n/a 3 11 27.3%

Deloitte Touche Tohmatsu N 2 34 5.9% 1 10 10.0% 30 238 12.6% 0 10 0.0%

Deutsche Bank AG N 0 11 0.0% 0 0 0.0% n/a 0 11 0.0%

Duke Energy International- Asia Pacific

N 1 11 9.1% 2 5 40.0% n/a 3 8 37.5%

DuPont Australia Limited N 3 12 25.0% 0 5 0.0% n/a 0 5 0.0%

EDS N 2 8 25.0% 0 8 0.0% n/a 0 8 0.0%

ENERGEX Limited N 5 13 38.5% n/a n/a 1 10 10.0%

Energy Australia N 1 6 16.7% n/a n/a 3 11 27.3%

Ernst and Young Australia N 2 16 12.5% n/a 28 278 10.1% 1 13 7.7%

ExxonMobil Australia Pty. Limited

N 2 10 20.0% 1 13 7.7% n/a 1 13 7.7%

Foster’s Group Limited Y 1 6 16.7% n/a n/a 0 10 0.0%

Freehills N 1 9 11.1% n/a n/a 0 6 0.0%

Goldman Sachs JBWere Pty. Limited

N 0 16 0.0% 0 16 0.0% 5 93 5.4% 5 106 4.7%

Hanson Australia Pty. Limited N 1 9 11.1% 1 5 20.0% n/a 1 11 9.1%

Holden N 4 9 44.4% n/a n/a 4 9 44.4%

IBM Australia Pty. Limited N 2 13 15.4% 0 4 0.0% n/a 7 29 24.1%

ING Australia N 1 9 11.1% 1 9 11.1% n/a 2 11 18.2%

23Company

ASX200 Company

Women Parent Board

Directors

Total Parent Board

Directors

% Women Parent Board

Directors

Women Aust’n

Advisory Board

Total Aust’n

Advisory Board

% Women Aust’n

Advisory Board

Women Partners

Total Partners

% Women Partners

Women Aust’n

Executive Managers

Total Aust’n

Executive Managers

% Women Aust’n

Executive Managers

Insurance Australia Group Y 2 8 25.0% n/a n/a 2 13 15.4%

James Hardie Industries NV Y 0 11 0.0% n/a n/a 0 6 0.0%

JP Morgan Administrative Services Limited

N 2 12 16.7% 3 24 12.5% n/a 2 18 11.1%

KPMG N 0 19 0.0% 1 9 11.1% 29 292 9.9% 0 7 0.0%

Kraft Foods Australia N - - n/a -

Leighton Holdings Limited Y 0 12 0.0% n/a n/a 1 9 11.1%

Lend Lease Corporation Y 1 6 16.7% n/a n/a 2 11 18.2%

Macquarie Bank Limited Y 2 11 18.2% n/a n/a 0 15 0.0%

Mallesons Stephen Jaques N 2 13 15.4% n/a 34 196 17.3% 5 8 62.5%

Mayne Group Limited Y 2 8 25.0% n/a n/a 0 11 0.0%

McDonald’s Australia Limited N 0 14 0.0% 1 10 10.0% n/a 3 11 27.3%

Medical Benefits Fund of Australia Limited

N 2 8 25.0% n/a n/a 3 7 42.9%

Microsoft Australia N 1 8 12.5% 0 0 0.0% n/a 1 12 8.3%

Minter Ellison & Associated Entities

N 0 12 0.0% 0 0 0.0% 24 167 14.4% 0 6 0.0%

Mitsui & Co (Australia) Limited

N 0 11 0.0% 0 6 0.0% n/a 0 6 0.0%

National Australia Bank Limited

Y 1 9 11.1% n/a n/a 1 12 8.3%

One Steel Limited Y 1 7 14.3% n/a n/a 0 10 0.0%

Orica Limited Y 1 9 11.1% n/a n/a 1 8 12.5%

Origin Energy Limited Y 1 7 14.3% n/a n/a 1 11 9.1%

P and O Australia Limited N 0 10 0.0% 1 7 14.3% n/a 2 6 33.3%

Paperlinx Limited Y 1 9 11.1% n/a n/a 0 10 0.0%

Perpetual Trustees Australia Limited

Y 2 8 25.0% n/a n/a 1 9 11.1%

PriceWaterhouseCoopers Services Pty. Ltd.

N 1 18 5.6% 2 11 18.2% 54 362 14.9% 0 10 0.0%

Publishing and Broadcasting Limited

Y 1 11 9.1% n/a n/a 1 11 9.1%

Qantas Airways Limited Y 1 11 9.1% n/a n/a 1 14 7.1%

Rio Tinto Limited Y 0 14 0.0% n/a n/a 1 13 7.7%

Santos Limited Y 1 7 14.3% n/a n/a 2 16 12.5%

Sims Group Limited Y 0 6 0.0% n/a n/a 1 7 14.3%

SingTel Optus N 0 9 0.0% 0 0 0.0% n/a 1 6 16.7%

Smorgon Steel Group Limited Y 0 8 0.0% n/a n/a 0 8 0.0%

St. George Bank Limited Y 2 8 25.0% n/a n/a 1 9 11.1%

Stockland Y 0 8 0.0% n/a n/a 4 9 44.4%

Suncorp-Metway Limited Y 1 9 11.1% n/a n/a 2 8 25.0%

Telecom Corporation of New Zealand Limited

Y 2 7 28.6% n/a n/a 2 9 22.2%

Telstra Corporation Limited Y 2 12 16.7% n/a n/a 0 8 0.0%

The Boston Consulting Group N 0.0% 25.0% n/a -

The Communications Group N 0 3 0.0% n/a n/a 1 6 16.7%

The Shell Company of Australia Pty. Ltd.

N 0 9 0.0% 0 4 0.0% n/a 2 11 18.2%

Toyota Motor Corporation Australia Pty. Ltd.

N 0 8 0.0% 0 8 0.0% n/a 0 8 0.0%

UBS Warburg Australia Holdings Ltd.

N - n/a n/a -

Visy Industries N 0 0 - n/a n/a 1 17 5.9%

Wesfarmers Limited Y 1 12 8.3% n/a n/a 0 10 0.0%

Westpac Banking Corporation Y 2 9 22.2% n/a n/a 2 9 22.2%

WMC Resources Limited Y 1 9 11.1% n/a n/a 0 5 0.0%

Woodside Petroleum Limited Y 1 10 10.0% n/a n/a 0 11 0.0%

Woolworths Limited Y 2 6 33.3% n/a n/a 0 10 0.0%

Zinifex Limited Y 0 6 0.0% n/a n/a 0 3 0.0%

Total 106 928 11.4% 19 175 10.9% 288 2128 13.5% 123 1028 12.0%

- Denotes data that was unable to be sourced from publicly-available information and could not to be obtained directly from the organisation.

n/a Denotes data category not applicable

24ASX200 summary data incorporating trustsAppendix 3

Gender DataNumber Of

WomenTotal

Number% Of

Women

Chairs 2 197 1.0%

CEOs 6 197 3.0%

Board Directors 119 1456 8.2%

Highest Title Positions 9 256 3.5%

Line Executive Management Positions 82 1091 7.5%

Support (Staff) Executive Management Positions 130 590 22.0%

Executive Managers 219 1914 11.4%

Company Data Executive Managers



% Of Women

Number Of Companies

% Of Total

Companies

Companies With Two Or More Women Executive Managers 154 642 24.0% 52 26.4%

Companies With At Least One Woman Executive Manager 219 1264 17.3% 117 59.4%

Companies With One Woman Executive Manager 65 622 10.5% 65 33.0%

Companies Without A Woman Executive Manager 0 650 0.0% 80 40.6%

Companies With 25% Or More Women Executive Managers 93 274 33.9% 27 13.7%

All Companies 219 1914 11.4% 197 100.0%

Company Data Board Directors

Women Board

Directors

Total Board

Directors% Of

Women

Number Of

Companies

% Of Total

Companies

Companies With Two Or More Women Board Directors 40 166 24.1% 20 10.2%

Companies With At Least One Woman Board Director 119 782 15.2% 99 50.3%

Companies With One Woman Board Director 79 616 12.8% 79 40.1%

Companies Without A Woman Board Director 0 674 0.0% 98 49.7%

Companies With 25% Or More Women Board Directors 14 28 50.0% 102 51.8%

All Companies 119 1456 8.2% 197 100.0%

ASX200 summary data excluding trusts25Appendix 4

ASX200 summary industry data excluding trustsAppendix 5

Gender DataNumber Of

WomenTotal

Number% Of

Women

Chairs 2 174 1.1%

CEOs 4 174 2.3%

Board Directors 112 1307 8.6%

Highest Title Positions 7 226 3.1%

Line Executive Management Positions 64 985 6.5%

Support (Staff) Executive Management Positions 105 526 20.0%

Executive Managers 174 1714 10.2%

Company Data Executive Managers



% Of Women

Number Of Companies

% Of Total

Companies

Companies With Two Or More Women Executive Managers 115 534 21.5% 42 24.1%

Companies With At Least One Woman Executive Manager 174 1115 15.6% 101 58.0%

Companies With One Woman Executive Manager 59 581 10.2% 59 33.9%

Companies Without A Woman Executive Manager 0 599 0.0% 73 42.0%

Companies With 25% Or More Women Executive Managers 56 175 32.0% 16 9.2%

All Companies 174 1714 10.2% 174 100.0%

Company Data Board Directors

Women Board

Directors

Total Board

Directors% Of

Women

Number Of

Companies

% Of Total

Companies

Companies With Two Or More Women Board Directors 40 166 24.1% 20 11.5%

Companies With At Least One Woman Board Director 112 731 15.3% 92 52.9%

Companies With One Woman Board Director 72 565 12.7% 72 41.4%

Companies Without A Woman Board Director 0 576 0.0% 82 47.1%

Companies With 25% Or More Women Board Directors 28 102 27.5% 14 8.0%

All Companies 112 1307 8.6% 174 100.0%

Industry

Women Board

Directors

Total Board

Directors

% Women Board

Directors




Automobiles & Components 0 12 0.0% 1 15 6.7%

Banks 11 70 15.7% 14 91 15.4%

Capital Goods 4 56 7.1% 5 83 6.0%

Commercial Services & Supplies 1 62 1.6% 7 74 9.5%

Consumer Durables & Apparel 2 13 15.4% 0 22 0.0%

Diversified Financials 10 61 16.4% 10 69 14.5%

Energy 4 69 5.8% 8 101 7.9%

Food & Drug Retailing 5 49 10.2% 6 66 9.1%

Food Beverage & Tobacco 5 79 6.3% 4 91 4.4%

Health Care Equipment & Services 8 81 9.9% 22 141 15.6%

Hotels Restaurants & Leisure 5 41 12.2% 2 61 3.3%

Insurance 8 52 15.4% 9 69 13.0%

Materials 15 247 6.1% 19 288 6.6%

Media 10 115 8.7% 21 158 13.3%

Pharmaceuticals & Biotechnology 2 22 9.1% 3 36 8.3%

Real Estate 4 85 4.7% 13 119 10.9%

Retailing 3 43 7.0% 9 50 18.0%

Software & Services 3 25 12.0% 6 31 19.4%

Technology Hardware & Equipment 0 13 0.0% 2 25 8.0%

Telecommunication Services 4 19 21.1% 2 17 11.8%

Transportation 3 50 6.0% 4 58 6.9%

Utilities 5 43 11.6% 7 49 14.3%

Total 112 1307 8.6% 174 1714 10.2%

26What differentiates this research on the status of women

in leadership is that it employs a census rather than

survey methodology. This census methodology,

licensed from the leading US research and advisory

organisation, Catalyst, ensures that all members of

the target population are counted, providing a precise

picture of women’s status and progress that is

comparable from year to year.

Catalyst’s methodology literally involves counting

the number of women and men in leadership positions.

The researchers then provided companies with the

opportunity to confirm the accuracy of their data and

this year achieved the highest validation rate yet of

95.4%. Where companies did not validate their data,

the publicly-available information is published here

without verification. It is Catalyst’s experience that with

a survey based on voluntary participation, companies

with a high proportion of women are more likely to

complete the questionnaire than those without women.

The analysis in this report is based on the companies

listed on the ASX200 Index (see Glossary) as at 30 June

2004 and where indicated, on member companies of

the Business Council of Australia (BCA). The information

presented for each company is current as at the date

of their annual report released during the period

1 July 2003 and 30 June 2004. Where no annual report

date was applicable, the data are presented as at

30 December 2003 or 30 June 2004 (as determined

by each applicable company).

The number of companies included in what is referred

to as the ‘ASX200’ throughout the main analysis is

174. To arrive at this number, the ASX200 Index list of

200 companies was first reduced to 197 because 3

companies were listed twice as there were different

types of securities listed by the same company

(eg. ordinary shares and preferences). Further, the 23

organisations that were listed as property or investment

trusts or entities were researched but not included

in the main analysis. The full ASX200 Index list of

organisations, together with a summary of the findings

including trusts, is included in the appendices. However,

because trusts do not technically have employees,

and in some cases double up the statistics of a listed

company with employees, these organisations have

been excluded in the calculations of overall findings.

This also ensures that there is comparability with

the 2002 and 2003 EOWA Census findings.

The total number of BCA member organisations

analysed is 97. Of these companies, 48 are also

in the ASX200.

As part of the data collection and validation process,

a letter was sent to the CEOs of the ASX200 Index

companies and BCA member organisations, co-signed

by Susan Biggs, then Acting Director of EOWA and

John McFarlane, CEO of ANZ. This letter outlined the

intention behind the EOWA Census and its importance

to understanding the contribution women make to

corporate Australia. Organisations were encouraged

to contact the Macquarie University researchers directly

to nominate the person who would be responsible for

providing information.

Copies of company annual reports submitted to the

Australian Stock Exchange for the period 1 July 2003 to

30 June 2004 were obtained and reviewed. Data were

summarised from these reports. Initial contact was

made by telephone to establish who the relevant person

was and to agree on a process for validation. For most

organisations, the information was emailed to the

relevant person for validation.

For BCA companies, information was obtained either

from annual reports accessed from company websites

or by contacting the companies directly. For some

companies, information was not able to be obtained

because it is not publicly available.

Methodological issues were encountered in coding

the data from a number of BCA companies. The two

most common issues were that: (i) Some companies,

while having a board for the parent organisation, also

had a local advisory board. To take account of this,

both sets of data are provided in Appendix 2. (ii) Some

organisations are based on a partnership structure

(eg. Law firms). To take account of this, data are also

provided on women partners, where appropriate.

Several companies did not respond to these initial

enquiries and therefore additional contact was made

urging companies to respond to enable their data

to be validated. For ASX200 companies, 95.4% were

validated and for BCA companies the validation rate

was 93.8%. This process involved:

• Validating the company’s total number of Board

Directors and the gender of each person.

• Validating the company’s total number and titles of

Executive Managers, whether the position was Line

or Support and the gender of each person.

methodology

27As has been acknowledged in previous US and

Canadian Census reports, defining the Executive

Management group in an organisation is challenging,

and at times it is difficult to know if comparisons

across companies are valid. Companies also vary

considerably in the level of information provided in

their annual report. They are required to identify the

five highest remunerated officers and provide details

of their remuneration. The level of information provided

(eg. gender, title), varies from one company report

to another. A significant number of companies,

however, do provide full details of their Executive

Management group.

In coding the titles of the Executive Managers, we have

used the system previously developed by Catalyst. In a

small number of cases, titles could not be coded.

The industry coding system used was that applied by

the Australian Stock Exchange, the Global Industry

Classification Standard (GICS).

Census data from across the world are comparable

because each country collects data on what is considered

the most relevant group of companies in that country:

• In the US, data are collected on companies ranked in

the Fortune 500 (F500). In 2002, this group of private-

sector employers generated $7 trillion in revenues

and employed over 24 million people.

• In Canada, data are collected on companies ranked in

the National Post’s Financial Post 500 list (the ‘FP500’).

Catalyst uses this list because it comprises the largest

Canadian companies and is widely recognised in

Canada as the standard measure of corporate

performance and market prominence.

• In South Africa, data are collected for 364 companies,

comprising 17 of the largest State Owned Enterprises

(SOEs) and every company listed on the main board

of the JSE Securities Exchange (JSE) (excluding

venture capital and development capital firms,

firms listed on the JSW but with all operations

overseas or in other African countries, and

suspended companies).

ASX200 Index: “Comprises the S&P/ASX100 plus an

additional 100 stocks, with an emphasis on liquidity

and investability. Representing the top two tiers of

S&P/ASX300 stocks, the S&P/ASX200 Index provides

investors and fund managers with an effective

benchmark for Australian equity performance, yet with

an emphasis on broader representation. There will

always be a fixed number of companies, 200, in this

index. When an index constituent is removed, it will be

immediately replaced by a company in the S&P/ASX300,

but which is not in the S&P/ASX200 index.”

www.asx.com.au

ASX200: Refers to ASX200 Index companies as at

30 June 2004, excluding property and investment

trusts and entities, unless otherwise stated. The total

number of companies is 174. See Methodology

for details.

Board Directors: Those holding a seat on a company

board, including executive and non-executive members.

Business Council of Australia: “An association of chief

executives of leading Australian corporations with a

combined national work force of almost one million

people. It was established in 1983 to provide a forum

for Australian business leadership to contribute directly

to public policy debates in order to build a better and

more prosperous Australian society.” www.bca.com.au

Executive Managers: The most senior person in the

organisation (eg. CEO, MD) and those who report directly

to that person, including those based outside Australia.

Global Industry Coding System (GICS) “a joint

Standard and Poor’s/Morgan Stanley Capital International

product aimed at standardising industry definitions.

To bring Australia in line with the rest of the world,

Standard and Poor’s have reclassified all ASX listed

entities according to GICS. The Australian market has

traditionally been associated with 24 industry sectors

unique to this country. GICS consists of 10 economic

sectors aggregated from 23 industry groups, 59

industries and 122 sub-industries, currently covering

over 12,000 companies globally.” For a full listing go to

www.asx.com.au

Highest Title Positions: Positions defined as yielding

the most influence and policy making power in

organisations: CEO, Chairman, Vice-Chairman, President,

Chief Operating Officer, Senior Executive Vice-

President, and Executive Vice-President.

Line Roles: Positions with responsibility for profit-

and-loss or direct client service. These include the

CEO, Operations Manager, Marketing Director, Sales

Directors, head of a particular business unit, etc.

Support (Staff) Roles: Positions that have more of a

corporate role with responsibility for supporting main

(or line) business functions. These include Human

Resources Director, Business Affairs/Legal Director,

Public Relations Manager, Asset Manager, etc.

glossary of terms

28ASX200 blue ribbon lists organisations leading the way

ASX200 organisations with two or more women board directors

AMP Limited

Adelaide Bank Limited

Alinta Limited


Billabong International Limited

Coles Myer Limited

Commonwealth Bank of Australia

Insurance Australia Group

John Fairfax Holdings Limited

Macquarie Bank Limited

Mayne Group Limited

Perpetual Trustees Australia Limited

Promina Group Limited

QBE Insurance Group Limited

St. George Bank Limited


Telstra Corporation Limited

Ventracor Limited

Westpac Banking Corporation

Woolworths Limited

ASX200 organisations with two or more women executive managers

AWB Limited

AXA Asia Pacific Holdings Limited

Alinta Limited

Austereo Group Limited

Australia and New Zealand Banking Group Limited


Bank of Queensland Limited

Baycorp Advantage Limited

Bendigo Bank Limited

Brambles Industries Limited

Caltex Australia Limited

Coles Myer Limited

Colorado Group Limited

Corporate Express Australia Limited

David Jones Limited

Foodland Associated Limited

GasNet Australia

Great Southern Plantations Limited

Healthscope Limited

Henry Walker Eltin Group Limited

Housewares International Limited

Insurance Australia Group

John Fairfax Holdings Limited

Lend Lease Corporation

Lion Selection Group Limited

News Corporation Limited (The)

Novogen Limited

QBE Insurance Group Limited

Resmed Incorporated

Rinker Group Limited

Santos Limited

Seven Network Limited

SFE Corporation Limited

Sonic Healthcare Limited

Southern Cross Broadcasting (Australia) Limited

Stockland

Suncorp-Metway Limited


Transurban Group

Valad Property Group

Ventracor Limited

Westpac Banking Corporation

7511

LIN

C (6

1 3)

965

4 82

55

EOWA thanks the many individuals in the ASX200

and BCA organisations who undertook the task

of verifying their companies’ data. We appreciate

the time and patience it took to prepare data for

our analysis.

Data collection and analyses were conducted

by students and staff at Macquarie University.

The project was directed by Associate Professor

Graeme Russell from the Psychology Department.

Students enrolled in an undergraduate degree

within the Department of Psychology who collected

and validated the data were: Philippa Ringland,

Monica Schweickle, Maureen Smith and Nicholas

Stead. Significant contributions were made to the

data analysis by Dr Alan Taylor and Judy French

and to the data validation and summary process

by Kirstine Russell.

Finally, EOWA acknowledges the invaluable support

of our partner, Catalyst, our platinum sponsors, ANZ

and Esanda, and our gold sponsor and collaborator,

Macquarie University. Without their support, the

EOWA Australian Census of Women in Leadership

would not be possible.

acknowledgements

women + men = business successwww.eowa.gov.au

level 6, 1 elizabeth plazanorth sydney nsw 2060t +612 9448 8500 f +612 9448 8572www.eowa.gov.au

2004 eowa australian census of women in leadership€¦ · 3.1% of Highest Titles, 2.3% are CEOs...

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