‘Absolutely no progress’: Number of female CEOs in Australia is declining – Sydney Morning Herald

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16.Sep, 2020 0 news

‘Absolutely no progress’: Number of female CEOs in Australia is declining – Sydney Morning Herald

Only one woman was promoted to the role of chief executive out of 25 appointments at Australia’s largest companies over the past year, in a sign gender equality in the professional world is going backwards.

An annual census by advocacy group Chief Executive Women has tracked the number of women in leadership positions at ASX200 companies over the past four years, and chief executive Sue Morphet said she is “disappointed” by the results.

“Australia is making absolutely no progress,” Ms Morphet said. “You would think there have been so many conversations and discussions about the benefits that women can bring to companies and to our economy. Yet corporate Australia is still not seeing it as worthwhile to promote women to higher levels.”

Chief Executive Women president Sue Morphet is disappointed by the number of female CEOs in Australia.

Chief Executive Women president Sue Morphet is disappointed by the number of female CEOs in Australia. Credit:Josh Robenstone

The number of female CEOs is at its lowest level since the count began four years ago, with 10 women occupying the top job among ASX200 companies, compared to 11 in 2017. “We can and must do better,” Ms Morphet said.

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