By Jen Dalitz
06 Jun 2021
Should Australia follow countries like France and Germany and introduce gender quotas on Executive Teams? We posed this question on the WiBF LinkedIn page this week, off the back of a thought-provoking piece from global diversity and inclusion expert Avivah Wittenberg-Cox for Forbes:
“After quotas on corporate boards spread across Europe in recent years, countries are now pointing their legislation at Executive leadership. Germany started the move in 2020, and now it’s France’s turn. In a historic vote, France’s Parliament this week voted to introduce gender quotas on the Executive Teams and leadership pipelines of companies over 1,000 people. The targets set are 30% minimum of either gender by 2027, 40% by 2030.”
According to the Workplace Gender Equality Agency, women comprise 54.5% of the workforce in the banking sector in Australia and hold 31.8% of Board Directorships. By contrast, only 10.5% of CEOs are women and 28.8% of Key Management Positions are held by women.
Would mandatory quotas be effective? Pop over to our LinkedIn post and share your view!
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