40:40:20 Gender Balance

40:40:20 Gender Balance

Women on Boards vision since 2006 has been: "To increase the number of women on boards and in leadership roles to achieve a gender balance of  40% women, 40% men and 20% of either, and/or other genders."

 

WOB founders, Claire Braund and Ruth Medd,  said the WOB vision of 40 per cent women, 40 per cent men and 20 per cent either and or any other gender, seemed a long way off when they started in 2006, but is increasingly being realised.

"We set the 40% target a long time ago and have steadily worked towards it for years. Unless you have a reasonable percentage of women on boards, then the benefits that flow from gender diversity are simply not able to be realised by an organisation. These include diversity of perspective, experience, skill, understanding and approach to issues. It is also true that improving the percentage of women often increases the likelihood that other diversities will be picked up - such as ethnicity and regionality."

While the numbers of women serving on boards in most sectors has increased signficantly since WOB commenced operations in 2006 in Australia and 2012 in the UK, there was still many sectors where improvements were needed.

WOB commenced tracking the metrics in earnest in 2010 when it released the first comprehensive Boardroom Gender Diversity Index on International Women's Day. This was our effort to hold companies accountable on an individual level to moving more women onto boards.  

WOB's current Boardroom Gender Diversity Index features nearly 1800 organisations across the following sectors: