0880fe1e_ralian_Human_Rights_Commission__Objective
[Recommendations] Recommendation 17: Targets on Australian Government boards The Australian Government should set a minimum target of 40% of each gender on all government boards to be achieved within three (3) years. These targets should be publicly disclosed, time bound and regularly reported on in a transparent manner. Recommendation 18: ASX Voluntary targets on boards The ASX Corporate Governance Principles and Recommendations should be amended to provide that: ASX companies be required to set their own gender diversity targets, at both Board and Senior Executive Level, at three (3) and five (5) year time frames; reporting on achievement of gender diversity targets be included in the Annual Report to the ASX, by exception reporting; and ASX companies include in their Annual Report to the ASX a statement on compliance with their obligations under the EOWW Act (or its replacement), by exception reporting. Recommendation 19: Other ASX strategies ASX companies should consider the following strategies to improve gender equality at senior levels: Create an additional board position reserved for women, as a one off fast tracking measure immediately; Ensure all vacant board positions are fully advertised, with clear competencies set, and transparent selection processes used for appointments; and Ensure senior women are consulted during selection processes. Recommendation 20: Gender quotas after five years if lack of progress The strategy to improve gender equality at senior levels of business has two phases: Phase 1 requires companies to set their own targets and report regularly on progress; and Phase 2 is designed to commence after 5 years if companies are not at a minimum of 40% of both genders on publicly listed boards. Phase 2 involves the government giving serious consideration to mandatory quotas for all government and publicly listed boards. Failure to meet these quotas would result in financial or other penalties. The Australian Government should promote an target of 40% gender balance on all boards in Australia, to be reviewed after five years. If this target is clearly not being met, the Australian Government should seriously consider legislating to require publicly listed companies to achieve a mandatory gender diversity quota of 40% within a specified time frame, failing which penalties will be imposed. [Objective] 
Special measures to fast track achieving substantive equality in women’s leadership
Inquiry into the Equal Opportunity for Women in the Workplace Act 1999 and Equal Opportunity for Women in the Workplace Agency (2009) | Australian Human Rights Commission
Objective