BCEC Report

Gender Equity Insights 2020: Delivering the Business Outcomes

Report SeriesGender Equity Insights
PublishedJune 2020
PublisherBankwest Curtin Economics Centre
Number of Pages64

Our 2020 Gender Equity Insights report, the fifth report in this series, shows that more women at the top proves better for business:

  • Profitability, performance and productivity increase under female leadership
  • Female top-tier managers add 6.6 per cent to market value of ASX companies
  • Female leadership will help businesses thrive in a post-COVID world

Key findings:

  • An increase of 10 percentage points or more in female representation on the Boards of Australian
    ASX-listed companies led to a 4.9 per cent increase in the company market value, worth the
    equivalent of AUD$78.5 million for the average company;
  • An increase of 10 percentage points or more in female representation on Boards led to a 6.0 per
    cent increase in the likelihood of outperforming their peers on three of more metrics;
  • The appointment of a female CEO led to a 12.9 per cent increase in the likelihood of outperforming
    the sector on three or more metrics;
  • An increase of 10 percentage points or more in the share of female key management personnel
    led to a 5.8 per cent increase in the likelihood of outperforming their sector on three or more
    metrics;
  • Women are least likely to be the Chair of the Board, with only 14.1 per cent of women being Board Chairs;
  • Women make up only 17.1 per cent of company CEOs;
  • 29.8 per cent of companies have no female representation on their Board and a similar proportion of companies have no women in their key management teams;
  • Two-thirds of firms in the construction sector have zero female representation on their Boards.