ASX 200 Snapshot Report 2012
Our new ASX 200 Snapshot Report 2012 examines the publicly reported composition of boards within the S&P/ASX 200 index, as well as a selection of corporate governance practices as at 30 June 2011.
The ASX 200 Snapshot Report 2012 is based on statistics generated from the Australian Institute of Company Directors’ Listed Company Research Database. The underlying data has been sourced primarily from official company annual reports and AGM notices released and reporting on company activities from 2008-2011 as well as other publicly available sources. The statistics in this report focus primarily on a sample of companies within the S&P/ASX 200 index as at 30 June 2011.
The findings of the ASX 200 Snapshot Report 2012 reveal that:
- The average size of ASX 200 company boards remained fairly consistent over the four years to 2011 (7.35 individuals in 2008 and 7.15 today), while larger companies (by market capitalisation) tended to have larger boards.
- Ninety-eight per cent of companies had a majority (>50 per cent) of non-executive directors on their boards as at 30 June 2011.
- The proportion of companies with no board roles held by female directors decreased from 51.53 per cent to 38.24 per cent as at 30 June 2011.
- Women directors comprised 12.76 per cent of board roles on the ASX 200 as at 30 June 2011 (15.2 per cent today according to real time statistics compiled by the Australian Institute of Company Directors).
- Female directors are generally younger than their male counterparts, aged between 50-59 years, whereas men are aged between 60-69 years.
- The proportion of female directors who held more than one ASX 200 directorship is also significantly higher than male directors (27.19 per cent compared to 12.40 per cent).
- The consumer staples sector had the highest growth in board roles held by female directors proportionately since 2008 (up 13 per cent), followed by the information technology and financial sector (up 10 and 7.6 per cent respectively).
- The proportion of companies with no board roles held by female directors also decreased from 51.53 per cent to 38.24 per cent as at 30 June 2011. The highest proportion of companies with no board roles held by female directors represent the materials (54.35 per cent), energy (50 per cent) and industrial sectors (46.43 per cent).
- Of the 170 companies sampled, all had an audit committee, 97 per cent had a remuneration committee and 82 per cent had a nomination committee.
The ASX200 Snapshot Report will be expanded in 2013 to capture similar data in the not-for-profit sector and the ASX 500.
For more information, see New report points to change in the composition of our boardrooms.