[READ] Board Diversity in Australia

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Board Diversity: What We Know and Where We Could be Heading

Board Diversity is a hot topic among Australian boards. With a lack of diverse gender, skills, culture and age, board and organisational performance may not be optimal. In our article, we discuss the worrying state of board diversity in Australia, achieving diversity and its benefits, and a glimpse at the future of the diverse Australian board.

I.
Shaping Boards of the Future: What Organisations Can Do?

Whilst there are improvements in gender diversity in ASX companies, diversity in culture, skills, and more remains an issue. Reprioritising diverse talent acquisition and committing to it is a crucial collaboration between human resources and the organisation’s leaders for an empowered decision-making centre and workplace.
II.
How Board Diversity Benefits the Entire Organisation

Achieving board diversity is not just a badge for the boardroom but a beneficial feat for corporate governance and better revenues.
III.
Implementing Board Diversity

The real challenge is implementing diversity amid much resistance. This section details five approaches to achieving board diversity for an empowered and diverse board.
IV.
Diverse Australian Boards

Once more boards adopt new strategies for improving diversity and inclusion, the profile of an Australian board director will soon change. What does the future look like for Australian boards?

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