I received a note from Sarah at the EEO Trust in New Zealand asking if we could supply a quick summary of the key points in the new ASX corporate governance guidelines relating to gender diversity reporting. Here's the summary we've prepared which may also be of assistance to you in planning how your organisation will respond to the unprecedented demand for skilled and experienced businesswomen. A few important points to note about this new compliance requirement:
- the requirement is mandatory for all companies listed on the Australian Securities Exchange
- reporting requirements apply to the first full financial year commencing on or after 1st January 2011 - although early adoption is encouraged
- annual reporting is required on the number of women in the whole organisation, in senior executive positions and on the Board.
Be forewarned that how you choose to respond - whether or not you are a listed company - will have an impact on your employer brand and have a flow-on effect in the retention of you senior women.
Click here to access our policy summary of the ASX gender reporting guidelines.