Australia Proposes Gender Diversity Rules for Public Companies
Photographer: Peter Parks/AFP via Getty Images
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Australian authorities are formulating plans that would force public companies to reveal the proportion of women at various levels of their organizations, as well as steps they’re taking to increase female representation.
ASX Ltd., which operates the country’s main stock exchange, wants businesses to formulate and disclose diversity policies, and also set representation targets for their boards, senior executives and total workforce in annual reports. Companies in the S&P/ASX 300 Index should have at least 30 percent of each gender represented on their boards, according to a draft consultation posted on the ASX website on Wednesday.