40:40 Vision, an investor-led initiative to achieve gender balance in executive leadership, has expanded to the ASX300 with SCA among the latest signatories.
Chief Executive Women (CEW) census data shows companies in the ASX300 are some of the worst performing when it comes to gender diversity in executive leadership.
Almost two thirds (62%) of ASX300 companies have no women in line roles, thus there’s no consistent pipeline to increase the proportion of female CEOs and executive leaders.
Women represent only 26% of executive leadership roles in the ASX300, well below the 40% target.
SCA’s CEO Grant Blackley: “Joining 40:40 Vision demonstrates to our workforce and to our investors and other stakeholders that we are committed to addressing this gap.”
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