Fewer large Australian companies are run by women than are run by men named John.
Or Peter. Or David.
Consultant Conrad Liveris gathered the data on CEOs and chairs at Australia’s largest 200 companies for the third year running, and released it to coincide with International Women’s Day.
“To be a captain of Australian business you are 40 per cent more likely to be named Peter or John than to be female,” he said.
“Straight, white, able-bodied men aged 40-69 years, which represents the majority of Australian leadership, are 8.4 per cent of the population.”
Wait, are you sitting down?
The number of women in those key leadership positions actually fell in 2017.
There are only nine women CEOs and 10 women chairing boards in the ASX 200.
Mr Liveris calls this “ironic”, although that really only applies here in an Alanis Morisette kind of way.
“It seems like we discuss this topic all the time and it is amounting to even fewer women accessing these roles,” he said.
Why does this matter?
“Such a narrow pool of executive talent does a disservice to organisations, shareholders, the business community and Australia overall,” Liveris said.
Even ‘female-dominated’ industries are male-dominated
Wait, is that even possible?
Yes, turns out it is. And here’s what we mean by that.
Even in industries where a large majority of the workforce is female — think health and education — a large majority of CEOs are, wait for it, male.
For example, about three quarters of the health care and education workforces are female, but only a third of the leaders in those fields are women.
And in this case we are not just talking about Australia’s 200 biggest companies. This data is slightly older but largely comes from the Australian Bureau of Statistics, so it covers the private sector for those entire industries.
This is a long chart but take a look and see if you can find any industries where women are over-represented in the CEO’s office.
Nope, we couldn’t either.
Is there any good news?
Well, that probably depends on your perspective, but if you take one step down from the CEO level, things do look a little better.