Catalyst’s President & CEO Deborah Gillis recently visited Australia in support of Catalyst’s recent report, The Secret to Inclusion in Australian Workplaces. In an interview with journalist Catherine Fox, Deborah noted that “one is the new zero” in terms of women on boards, and suggested that leaders must shift their mindset and behavior in order to make real change.
This Catalyst infographic provides information about women in Australian society and business, including the percentage of women on ASX 200 boards for each year since 2006. This number has continuously increased since the passing of a diversity-related corporate governance code amendment in 2010, and now stands at 20%.
After Deborah’s trip to Australia she traveled to Japan, where she participated in the World Assembly for Women in Tokyo, hosted by the Government of Japan. Japanese Prime Minister Shinzo Abe has identified women’s equality in the workplace as essential to the advancement of Japan’s economy. Catalyst’s Women in Japan infographic shows that women hold only 3.1% of board seats at Japan’s TOPIX Core 30 Index companies, a number that Prime Minister Abe is determined to increase by the year 2020.
A Global Perspective From Deloitte
Deloitte’s recent report Women in the Boardroom: A Global Perspective shines a light on the lack of female representation on boards of companies around the world. According to Deloitte’s research, women hold just 12% of board seats globally, and only 4% of board chair positions. Countries with quotas, such as Norway and France, show higher numbers of women board directors than those without quotas, but still have low numbers of women chairing boards, a metric that Deloitte sees as “a meaningful predictor of real change in global boardrooms.”
Did You Know?
On July 29, the Massachusetts Senate passed a resolution to encourage equitable and diverse gender representation on the boards of companies in the state. Senator Karen E. Spilka, who filed the resolution with lead co-sponsor Representative Patricia Haddad, stated, “This is not just a women’s issue or a family issue. This is a business issue.” A similar state resolution was passed in Illinois in May.