Why more women on boards are better for your bottom line

Elizabeth Proust AO is Chairman of the Australian Institute of Company Directors.
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This International Women’s Day, there are five Australian companies in the S&P/ASX 200 without a single woman sitting at their board table. Another 63 of our largest companies have only one woman in the boardroom.

Across the S&P/ASX 200, women accounted for only 26.7% of S&P/ASX 200 directorships, still frustratingly short of the 30% goal the Australian Institute of Company Directors set in 2015.

Why is this still the case? How can it still be the case when a substantial body of research shows diverse boards and leadership teams lead to better outcomes?

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