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INSIGHT CLOSING THE GAP Written by: NICOLE BRADLEY, DIVERSITY LEADER, GRANT THORNTON AUSTRALIA
CLOSING THE GAP Nicole Bradley, Diversity Leader, Grant Thornton Australia, asks: When will gender diversity at leadership levels be ‘the norm’ instead of the ‘strived for’? WE KNOW THERE is a genuine desire for corporate Australia to close the gap when it comes to gender diversity. Our study shows the number of organisations with no women in senior leadership roles is actually decreasing in Australia. While this is great to see and clearly the business case for gender diversity is well recognised; progress is still too slow. Government, businesses and individuals need to be more diligent in addressing the systemic issues that hinder progress. These systemic issues are as prevalent today as they were decades ago when gender diversity increasingly featured on the corporate agenda. Our study found when it comes to women holding senior leadership roles, Australia sits at 23 percent, behind the global average of 25 percent. The largest gap found in Australia was right at the top, CEOs. At just three percent, following five years of decline, Australia has slipped well below the global average of 12 percent when it comes to female CEOs. A decline in gender diversity at leadership levels is an alarming fact for corporate Australia. Diversity is key in managing business risk, closing the gap has never been more important against a backdrop of global economic and political uncertainty as well as most industries facing significant disruption. Businesses are leading in an environment of volatility, uncertainty, complexity and ambiguity. The only thing that is certain is uncertainty and business models need to change. When it comes to perceptions of risks and how to deal with them, men and women view things through different lenses. Using diversity to make better decisions at a senior level will help business when it comes to navigating in unchartered waters. Teams without diversity are at a much greater risk of going down a path without considering all the options or coming up with better answers to complex problems. 7
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