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Volume 2 September 2018 Chief Executive Women Women leaders enabling women leaders Senior Executive Census 2018

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Page 1: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

Volume 2

September 2018

Chief Executive Women

Women leaders enabling women leaders

Senior Executive Census 2018

Page 2: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 1

Message from Chief Executive Women

Chief Executive Women is pleased to present the results

of our second annual ASX200 Senior Executive Census.

The purpose of the Census is to measure the year on year

progress made by the ASX200 companies in improving

female representation in the executive leadership team.

Alongside the aggregate measurements of the ASX200

leadership teams, the Census focuses on female representation

in “line” and “function” roles within executive leadership teams.

Line roles are those that directly drive key commercial outcomes

in a business and usually involve profit and loss accountability. Traditionally, line roles are a stepping stone to becoming a CEO.

In contrast, functional roles govern specific operations of an organisation such as legal, compliance or human resources.

Of these, the role of CFO, which is frequently one of the most

senior and influential roles in the executive leadership team, can also be a direct pathway to a CEO role.

There are some significant improvements to recognise in 2018: the number of companies with no women in the executive

leadership team has almost halved in the last year, and there

are increases in the number of women in CEO, CFO, Group

Executive and functional roles. 17% of the 23 new CEO’s now

heading up ASX200 companies are women.

There are areas with little or no improvement, including

female representation in line roles. More than half the ASX200

companies still have no women in line roles in their executive

leadership team.

Given that gender balance is commonly expressed as being

40% of each gender and 20% of either gender, the 2018 Senior

Executive Census shows that 21 ASX200 companies acheived

gender balance in their executive leadership teams, having 40%

to 60% females in their teams - up from 16 companies last year.

CEW’s mission is ‘women leaders enabling women leaders’.

We know that measuring performance is important and the

2018 Senior Executive Census provides visibility of the

representation of women in leadership in Australia’s largest

listed organisations. And while progress has been acheived

since the last year on our goal of equal representation,

clearly there is still some way to go.

Jenny Boddington

Chair, Business Engagement Committee

Chief Executive Women

Kathryn Fagg

President

Chief Executive Women

Page 3: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 2

Number of companies by proportion

of executive line roles held by women 2017 2018

0 126 119

1-19% 18 21

20-39% 46 44

40% plus 10 16

Number of companies by changes No. of

to female representation % in ELT companies

Grew 82

No change 51

Declined 48

Companies new to ASX200 19

Just the Numbers

Key Statistics 2017 2018 Change

Number of women in the ASX200 Executive Leadership Teams 381 430

Number of men in the ASX200 Executive Leadership Teams 1423 1428 -

Number of companies with no female representation in the ELT 41 23

Percentage of CEO roles held by women 5% 7%

Percentage of line roles held by women 12.0% 12.3% -

Percentage of functional roles held by women 30% 34%

Percentage of CFO roles held by women 9% 12%

Percentage of companies with no females in line roles 63% 59%

Percentage of women internally promoted to the ELT 55% 53%

The number of ASX200 female CEOs 11 14

The number of ASX200 female CFOs 17 24

Page 4: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 3

The FactsASX200 executive leadership team make-up

23% (430)

Women

77% (1428)

Men

By contrast, women hold 26% of executive-level

positions in S&P 500 Companies *

2 percentage points on 2017

2018

2017 381 women

1423men

1428men

430women

ASX200 companies change in the ELT*

2017 vs 2018

41% female

representation

increased

26% no change

female

representation

declined

24%

companies new to the ASX2009%

ASX200 companies with no female representation in the ELT*

2018

21%

2017

12%

* ELT = Executive Leadership Team

Page 5: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 4

Key roles

of CFO roles are held by women,

up 3 percentage points12%

Line over function – what’s in a role?

Percentage of roles within executive leadership teams held by women,

grouped by line and function

7% of CEOs are women,

up 2 percentage points

34% of functional roles are held by women,

up 4 percentage points

Women in Leadership

12% of line roles held by women,

up only 0.3 percentage points

Role Percentage of ASX200 roles

held by Women

2017 2018 Change

CEO 5% 7%

Group Executive 13% 14%

COO 15% 15% -

Total line roles 12.0% 12.3% -

CFO 9% 12%

HR 75% 79%

Corporate Affairs/IR 52% 60%

Legal 40% 45%

Customer, Sales & Marketing 33% 36%

Information and Technology 21% 12%Strategy 15% 15% -

Total functional roles 30% 34%

Total 21% 23%

Page 6: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 5

Percentage of line roles within executive leadership teams held by women,

grouped by industry

Gender balance in line roles by industry

15% or fewer women in line roles across the sectors,

even in those which have high female employment,

except telecommunications.

Industry Percentage of line roles

held by Women

2017 2018 Change

Telecommunications Services 17% 33%

Real Estate 16% 15%

Healthcare 15% 10%

Financials 13% 14%

Consumer Discretionary 13% 14%

Industrials 10% 11%

Information Technology 7% 10%

Consumer Staples 7% 12% -

Utilities 5% 0%

Energy 5% 13%

Materials 3% 7%

Roles where women predominate

79%

Human Resources

Corporate Affairs/Investor Relations

60%

Page 7: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 6

2018

Percentage of companies

Pro

po

rtio

n o

f lin

e r

ole

s h

eld

by w

om

en 2017

Distribution of companies by proportion of executive line roles held by women

40% plus

20-39%

1-19%

0%

0% 10% 20% 30% 40% 50% 60% 70%

8%

22%

59%

11%

5%

23%

63%

9%

0% More than 50% of the ASX200 have

female representation line roles

in their executive leadership team

Pathways to CEO of ASX200

CEOs appointed in year to 2018

women (17%)

234 men (83%)19

Role held immediately prior to CEO appointment

78%

Line roles CFO roles

13%

Other functional roles

9%

Page 8: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 7

Ranked order of ASX200 Executive Leadership Team

ASX Company name

Estia Health Limited (ASX:EHE) 9 6 67% 57%Ardent Leisure Group (ASX:AAD) 4 2 50% 33%Corporate Travel Management Limited (ASX:CTD) 8 4 50% 29%Gateway Lifestyle Group (ASX:GTY) 4 2 50% 0%Nine Entertainment Co. Holdings Limited (ASX:NEC) 18 9 50% 43%Perpetual Limited (ASX:PPT) 6 3 50% 43%Premier Investments Limited (ASX:PMV) 8 4 50% 43%Sigma Health Limited (ASX:SIG) 6 3 50% 50%Suncorp Group Limited (ASX:SUN) 10 5 50% 46%Telstra Corporation Limited (ASX:TLS) 10 5 50% 42%Viva Energy REIT (ASX:VVR) 2 1 50% 50%Coca-Cola Amatil Limited (ASX:CCL) 11 5 45% 33%Xero Limited (ASX:XRO) 11 5 45% N/AG8 Education Limited (ASX:GEM) 9 4 44% 56%Treasury Wine Estates Limited (ASX:TWE) 9 4 44% 27%AMP Limited (ASX:AMP) 12 5 42% 42%REA Group Limited (ASX:REA) 12 5 42% 36%Transurban Group (ASX:TCL) 12 5 42% 36%Chorus Limited (NZSE:CNU) 10 4 40% 33%CYBG PLC (ASX:CYB) 10 4 40% 30%Link Administration Holdings Limited (ASX:LNK) 10 4 40% 38%National Storage Reit Stapled (ASX:NSR) 5 2 40% 0%Bendigo and Adelaide Bank Limited (ASX:BEN) 8 3 38% 40%Genworth Mortgage Insurance Australia Limited (ASX:GMA) 8 3 38% 38%Inghams Group (ASX:ING) 8 3 38% N/AMayne Pharma Group Limited (ASX:MYX) 8 3 38% 33%Resolute Mining Limited (ASX:RSG) 8 3 38% 25%Wisetech Global Limited (ASX:WTC) 8 3 38% N/AWoodside Petroleum Ltd (ASX:WPL) 8 3 38% 0%Magellan Financial Group Limited (ASX:MFG) 11 4 36% 14%Investa Office Fund (ASX:IOF) 17 6 35% 35%Atlas Arteria (ASX:ALX) 6 2 33% N/AAustralia and New Zealand Banking Group Limited (ASX:ANZ) 12 4 33% 33%BlueScope Steel Limited (ASX:BSL) 9 3 33% 25%Caltex Australia Limited (ASX:CTX) 9 3 33% 43%Charter Hall Retail REIT (ASX:CQR) 3 1 33% 18%Commonwealth Bank of Australia (ASX:CBA) 9 3 33% 46%Fortescue Metals Group Limited (ASX:FMG) 12 4 33% 30%Greencross Limited (ASX:GXL) 6 2 33% 17%Harvey Norman Holdings Limited (ASX:HVN) 12 4 33% 25%Independence Group NL (ASX:IGO) 9 3 33% 29%IPH Limited (ASX:IPH) 12 4 33% 0%Metcash Limited (ASX:MTS) 9 3 33% 0%Nib Holdings Limited (ASX:NHF) 9 3 33% N/AQantas Airways Limited (ASX:QAN) 12 4 33% 25%Spark New Zealand Limited (NZSE:SPK) 6 2 33% 25%Super Retail Group Limited (ASX:SUL) 12 4 33% 27%Vicinity Centres (ASX:VCX) 9 3 33% 33%Janus Henderson Group PLC (NYSE:JHG) 13 4 31% 15%Westpac Banking Corporation (ASX:WBC) 13 4 31% 33%

Companies with optimal 40-60% women in leadership team shaded

No. ofFemales

in ELT

%

Females

in ELT

(2017)

%

Females

in ELT

(2018)

Size

of

ELT

Page 9: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 8

ASX200 Executive Leadership Teams continued...

Blackmores Limited (ASX:BKL) 10 3 30% 29%Carsales.com Ltd (ASX:CAR) 10 3 30% 30%CSR Limited (ASX:CSR) 20 6 30% 32%Iluka Resources Limited (ASX:ILU) 10 3 30% 33%MYOB Group Limited (ASX:MYO) 10 3 30% 27%Primary Health Care Limited (ASX:PRY) 10 3 30% 38%Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/AStockland Corporation Limited (ASX:SGP) 10 3 30% 11%Tabcorp Holdings Limited (ASX:TAH) 10 3 30% 40%APN Outdoor Group Limited (ASX:APO) 7 2 29% 11%Aurizon Holdings Limited (ASX:AZJ) 7 2 29% 29%Breville Group Limited (ASX:BRG) 7 2 29% 14%Brickworks Limited (ASX:BKW) 7 2 29% 33%Lynas Corporation Limited (ASX:LYC) 7 2 29% N/AMedibank Private Limited (ASX:MPL) 7 2 29% 29%Vocus Group Limited (ASX:VOC) 7 2 29% 11%Woolworths Group Limited (ASX:WOW) 14 4 29% 29%Domain Holdings Australia Limited (ASX:DHG) 11 3 27% N/AFairfax Media Limited (ASX:FXJ) 11 3 27% 38%InvoCare Limited (ASX:IVC) 11 3 27% 22%National Australia Bank Limited (ASX:NAB) 11 3 27% 27%Pact Group Holdings Ltd (ASX:PGH) 11 3 27% 29%Platinum Asset Management Limited (ASX:PTM) 11 3 27% 33%QBE Insurance Group Limited (ASX:QBE) 11 3 27% 14%APA Group (ASX:APA) 8 2 25% 25%AusNet Services Ltd (ASX:AST) 8 2 25% 29%Bellamy’s Australia Limited (ASX:BAL) 8 2 25% N/ACharter Hall Long Wale REIT (ASX:CLW) 8 2 25% N/ADexus (ASX:DXS) 8 2 25% 22%Flight Centre Travel Group Limited (ASX:FLT) 8 2 25% 25%Healthscope Limited (ASX:HSO) 12 3 25% 27%Macquarie Group Limited (ASX:MQG) 12 3 25% 25%Mirvac Group (ASX:MGR) 8 2 25% 29%Monadelphous Group Limited (ASX:MND) 8 2 25% 14%News Corporation (ASX:NWS) 16 4 25% 35%Northern Star Resources Limited (ASX:NST) 4 1 25% 40%Rio Tinto Limited (ASX:RIO) 12 3 25% 27%South32 Limited (ASX:S32) 8 2 25% 25%Spark Infrastructure Group (ASX:SKI) 4 1 25% 25%The A2 Milk Company Limited NZ (ASX:A2M) 12 3 25% 17%Wesfarmers Limited (ASX:WES) 12 3 25% 25%McMillan Shakespeare Limited (ASX:MMS) 17 4 24% 13%Boral Limited (ASX:BLD) 13 3 23% 27%LendLease Group (ASX:LLC) 13 3 23% 27%SKYCITY Entertainment Group Limited (NZSE:SKC) 13 3 23% 20%Abacus Property Group (ASX:ABP) 9 2 22% 13%AGL Energy Limited (ASX:AGL) 9 2 22% 27%BHP Billiton Limited (ASX:BHP) 9 2 22% 30%Challenger Limited (ASX:CGF) 9 2 22% 11%Fisher & Paykel Healthcare Corporation Limited (NZSE:FPH) 9 2 22% 11%

ASX Company name

No. ofFemales

in ELT

%

Females

in ELT

(2017)

%

Females

in ELT

(2018)

Size

of

ELT

Page 10: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 9

ASX200 Executive Leadership Teams continued...

ASX Company name

No. ofFemales

in ELT

%

Females

in ELT

(2017)

%

Females

in ELT

(2018)

Size

of

ELT

GPT Group (ASX:GPT) 9 2 22% 22%Incitec Pivot Limited (ASX:IPL) 9 2 22% 29%Newcrest Mining Limited (ASX:NCM) 9 2 22% 22%Speedcast International Limited (ASX:SDA) 9 2 22% 0%Steadfast Group Limited (ASX:SDF) 9 2 22% 20%Trade Me Group Limited (NZSE:TME) 9 2 22% 22%Fletcher Building Limited (NZSE:FBU) 14 3 21% 20%IRESS Limited (ASX:IRE) 14 3 21% 19%WorleyParsons Limited (ASX:WOR) 14 3 21% 20%Scentre Group (ASX:SCG) 19 4 21% 6%Aristocrat Leisure Limited (ASX:ALL) 10 2 20% 20%ASX Limited (ASX:ASX) 15 3 20% 13%Ausdrill Limited (ASX:ASL) 5 1 20% N/AAveo Group (ASX:AOG) 5 1 20% 17%Crown Resorts Limited (ASX:CWN) 5 1 20% 20%CSL Limited (ASX:CSL) 10 2 20% 20%DuluxGroup Limited (ASX:DLX) 10 2 20% 22%Growthpoint Properties Australia (ASX:GOZ) 5 1 20% 0%Infigen Energy (ASX:IFN) 5 1 20% 11%IOOF Holdings Ltd (ASX:IFL) 10 2 20% 0%Nufarm Limited (ASX:NUF) 10 2 20% 0%Orica Limited (ASX:ORI) 10 2 20% 18%Origin Energy Limited (ASX:ORG) 10 2 20% 11%Orora Limited (ASX:ORA) 10 2 20% 17%Pendal Group Limited (ASX:PDL) 5 1 20% N/AThe Star Entertainment Group Limited (ASX:SGR) 10 2 20% 22%ALS Limited (ASX:ALQ) 11 2 18% 23%Amcor Limited (ASX:AMC) 11 2 18% 0%Brambles Limited (ASX:BXB) 11 2 18% 10%Downer EDI Limited (ASX:DOW) 11 2 18% 8%Ooh!Media Limited (ASX:OML) 11 2 18% N/ASydney Airport (ASX:SYD) 11 2 18% 30%Webjet Limited (ASX:WEB) 11 2 18% 20%CIMIC Group Limited (ASX:CIM) 17 3 18% 20%Bank of Queensland Limited (ASX:BOQ) 6 1 17% 33%Galaxy Resources Limited (ASX:GXY) 6 1 17% 0%Insurance Australia Group Limited (ASX:IAG) 12 2 17% 18%Ramsay Health Care Limited (ASX:RHC) 12 2 17% 11%Seven West Media Limited (ASX:SWM) 6 1 17% 29%Tassal Group Limited (ASX:TGR) 6 1 17% 33%Appen Limited (ASX:APX) 7 1 14% N/ABega Cheese Limited (ASX:BGA) 7 1 14% 0%Cleanaway Waste Management Limited (ASX:CWY) 7 1 14% 14%Domino’s Pizza Enterprises Limited (ASX:DMP) 14 2 14% 15%NEXTDC Limited (ASX:NXT) 7 1 14% 0%ResMed Inc. (NYSE:RMD) 14 2 14% 14%SEEK Limited (ASX:SEK) 7 1 14% 14%TPG Telecom Limited (ASX:TPM) 7 1 14% 14%Adelaide Brighton Limited (ASX:ABC) 8 1 13% 13%Australian Pharmaceutical Industries Limited (ASX:API) 8 1 13% 20%

Page 11: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 10

ASX200 Executive Leadership Teams continued...

ASX Company name

Beach Energy Limited (ASX:BPT) 8 1 13% 13%Charter Hall Group (ASX:CHC) 8 1 13% 11%Cromwell Property Group (ASX:CMW) 8 1 13% 25%Navitas Limited (ASX:NVT) 8 1 13% 18%OZ Minerals Limited (ASX:OZL) 8 1 13% 17%Seven Group Holdings Limited (ASX:SVW) 8 1 13% 0%Syrah Resources Limited (ASX:SYR) 8 1 13% 0%Bapcor Limited (ASX:BAP) 9 1 11% 0%Computershare Limited (ASX:CPU) 18 2 11% 12%GrainCorp Limited (ASX:GNC) 9 1 11% 10%Oil Search Limited (ASX:OSH) 9 1 11% 10%Santos Limited (ASX:STO) 9 1 11% 13%Saracen Mineral Holdings Limited (ASX:SAR) 9 1 11% 0%Afterpay Touch Group Limited (ASX:APT) 10 1 10% N/ACredit Corp Group Limited (ASX:CCP) 10 1 10% 0%Sonic Healthcare Limited (ASX:SHL) 10 1 10% 18%St Barbara Limited (ASX:SBM) 10 1 10% 10%Unibail - Rodamco - Westfield (ASX:URW) 10 1 10% N/AAltium Limited (ASX:ALU) 11 1 9% 9%Eclipx Group Limited (ASX:ECX) 11 1 9% 0%IDP Education Limited (ASX:IEL) 11 1 9% N/AAnsell Limited (ASX:ANN) 12 1 8% 14%Qube Holdings Limited (ASX:QUB) 12 1 8% 0%Cochlear Limited (ASX:COH) 13 1 8% 21%Sims Metal Management Limited (ASX:SGM) 13 1 8% 14%Costa Group Holdings Limited (ASX:CGC) 14 1 7% 10%Goodman Group (ASX:GMG) 18 1 6% 5%Alumina Limited (ASX:AWC) 4 0 0% 0%ARB Corporation Limited (ASX:ARB) 4 0 0% 0%Automotive Holdings Group Limited (ASX:AHG) 3 0 0% 0%BWP Trust (ASX:BWP) 3 0 0% 0%Evolution Mining Limited (ASX:EVN) 7 0 0% 0%G.U.D. Holdings Limited (ASX:GUD) 10 0 0% 11%GWA Group Limited (ASX:GWA) 6 0 0% 17%James Hardie Industries PLC (ASX:JHX) 9 0 0% 0%JB Hi-Fi Limited (ASX:JBH) 6 0 0% 0%Mineral Resources Limited (ASX:MIN) 8 0 0% 0%Nanosonics Limited (ASX:NAN) 8 0 0% 0%Orocobre Limited (ASX:ORE) 6 0 0% 0%Pilbara Minerals Limited (ASX:PLS) 6 0 0% N/ARegis Resources Limited (ASX:RRL) 5 0 0% 0%Reliance Worldwide Corporation Limited (ASX:RWC) 8 0 0% 0%Sandfire Resources NL (ASX:SFR) 6 0 0% 0%Shopping Centres Australasia Property Group (ASX:SCP) 3 0 0% 0%Sirtex Medical Limited (ASX:SRX) 2 0 0% 0%Southern Cross Media Group Limited (ASX:SXL) 6 0 0% 0%Technology One Limited (ASX:TNE) 12 0 0% 0%Washington H Soul Pattinson & Company Limited (ASX:SOL) 3 0 0% N/AWestern Areas Limited (ASX:WSA) 6 0 0% 0%Whitehaven Coal Limited (ASX:WHC) 6 0 0% 0%

NA – this company was not part of the ASX200 in 2017 and therefore a year on year comparison is not available.

No. ofFemales

in ELT

%

Females

in ELT

(2017)

%

Females

in ELT

(2018)

Size

of

ELT

Page 12: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 11

Achieving gender balance requires leadership and takes time. Research and our

experience confirm that the Chairman, Board, CEO and leadership team must all be committed to gender balance as a priority; otherwise, the company is unlikely to

make progress. This leadership commitment must also translate into visible action and

regular communication on why gender balance matters and how everyone benefits.

CEW has developed the following programs designed to help forward-thinking

organisations take steps towards improving gender balance in their executive

leadership teams.

Gender balance takes leadership

CEO ConversationCEW’s CEO Conversation is a powerful and bespoke tool to support

CEOs lead their organisation’s gender diversity strategy with their

senior executive team. It has been designed to engage the most

senior leaders in understanding the important role they play in driving

the advancement of women in their organisation.

The CEW CEO conversation involves a dialogue with three CEW

members, selected on the basis of their experience and relevance to

your company’s strategic priorities, challenges and sector.

More detail can be found at https://cew.org.au/programs/

Your Leadership Shadow involves workshops with business leaders, facilitated by a CEW member, using the Leadership Shadow model.

The model was developed by CEW in collaboration with the Male

Champions of Change and is a valuable resource for a broad range

of organisations who want to create a diverse organisational culture.

The program also helps participants think through how they become

a leader in their own organisation to bring about meaningful change

for gender diversity.

Your Leadership Shadow

The Chairman Conversation provides the opportunity for the board,

alongside CEW members, to discuss the organisation’s strengths

and challenges and identify actions that will help the organisation

progress gender equity.

The Chairman Conversation evolved from Boards for Balance: Your Leadership Shadow developed by CEW and the Australian Institute

of Company Directors (AICD). Boards for Balance applies the latest, best-practice research and experiences of CEW members, chairs,

non-executive directors and CEOs who believe boards play a vital

role in driving gender balance in organisations.

The Chairman Conversation

This Program is a bespoke leadership program developed and

delivered by CEW members to inspire and equip women to fulfil their leadership potential. The program encourages women to take their

place alongside men so that organisations deliver the best possible

outcome for customers, shareholders and the community.

The CEW Leaders Program is in its 13th year of operation and each

year 190 women from over 40 organisations participate. The

program is offered annually in Sydney, Melbourne, Brisbane, Perth and Singapore and now has over 1,200 alumni who have been

instrumental in helping organisations create a more diverse approach

to leadership through promotion to executive roles.

The CEW Leaders Program

Page 13: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

page 12

Chief Executive Women was founded in 1985 and now represents

over 500 of Australia’s most senior and distinguished women leaders,

whose shared vision is Women Leaders Enabling Women Leaders.

CEW strives to educate and influence all levels of Australian business and government on the importance of gender balance. Through advocacy,

targeted programs and scholarships, CEW works to remove the barriers

to women’s progression and ensure equal opportunity for prosperity.

CEW’s programs are informed by research, led by CEW members,

and generously supported by our partners.

Other recent research reports from CEW can be found at

https://cew.org.au/media-and-research/cew-research/

Data for the census was collected on 1 August 2018 from each company’s website by Bain & Company. Job titles were standardised with the

assistance of Spencer Stuart. Bain & Company then compared the results

with the baseline figures established by the 2017 Senior Executive Census.

Executive leadership team (ELT): We have recorded the ELT for the ASX200 (as at 1 August 2018), where ELT is defined as all direct reports into the CEO.

a. All companies have been treated the same way for comparison year-on-year and between companies

b. Executive Chairman are not included, unless there is no CEO or Managing Directorc. Executive Directors and Company Secretaries are not included,

except if explicitly listed as being part of the ELTd. New CEOs are defined as those who were appointed between 2 August 2017 and 1 August 2018. Interim CEOs were not included.

Line/Function: We have classified all roles using the same principles.

a. Line roles: defined as those that drive key commercial outcomes and usually with P&L responsibility, including CEO/MD, COO and Group Executives

b. Function roles: all other roles, including Strategy, Finance, Human Resources, Corporate Affairs/Investor Relations, Legal, IT, Health & Safety, R&D, Manufacturing & Supply Chain, Chief of Staff, Company Secretaries and Other (e.g. Medical Officers)

c. Please note: roles that contain commercial, product or customer in their title have been reviewed on a case by case basis.

About Chief Executive Women

Methodology

Definitions:

Company websites are the primary source of information about their ELT. Where no information is available on company websites, we have used BoardEx® as the source.

Source:

1 S&P 500 Companies is an American index which includes 500 leading companies and captures approximately 80%

coverage of available market capitalization. The study by the University of Buffalo was undertaken in March 2018 and is available through the following link: https://www.sciencedaily.com/releases/2018/08/180809144524.html

Page 14: Senior Executive Census 2018 · Smartgroup Corporation Limited (ASX:SIQ) 10 3 30% N/A Stockland Corporation Limited (ASX:SGP) 10 3 30% 11% Tabcorp Holdings Limited (ASX:TAH) 10 3

Chief Executive Women

Women leaders enabling women leaders

For further information

Contact Chief Executive Women at [email protected] +61 2 8240 7600

CEW wishes to acknowledge the generous

assistance of CEW sponsors and partners,

Bain & Company and Spencer Stuart for

their data collection and analysis for the

2018 Senior Executive Census.

In particular we would like to thank

Chio Verastegui, Nicole Kuepper-Russell

and Natalie Rae of Bain & Company and

Kerri Burgess of Spencer Stuart.

Also thanks to CEW Thought Leadership

Partner ANZ Bank.

Acknowledgements