The Australian Institute of Company Directors will partner with the Federal Government to deliver a second round of its Board Diversity Scholarship program, which aims to lift the representation of women on Australian boards.
The Program will award 70 scholarships to high performing women over the next two years, giving them the opportunity to attend the Australian Institute of Company Directors’ Company Directors Course or Mastering the Boardroom program.
The business case for a diverse board is irrefutable, with many studies showing that a diverse board equals better business outcomes.
Nearly 2000 women applied for this scholarship when the program was first announced in 2010 and there have been some encouraging improvements in the statistics relating to the numbers of women on boards.
According to real-time statistics compiled by the Australian Institute of Company Directors, women currently hold 14.3 per cent of directorships on the ASX 200, compared to 8.3 per cent in 2010.
Women now hold almost 20 per cent of directorships on ASX 50 and ASX 20 boards.
For further information, please refer to the Board Diversity Scholarship program frequently asked questions