Home - Claire Moore - Labor Senator for Queensland

CLAIRE MOORE - MEDIA RELEASE - MOORE WELCOMES POSITIVE REWARD FOR INVESTORS WHO SUPPORT GENDER DIVERSITY ON BOARDS - THURSDAY, 23 APRIL 2015


SENATOR CLAIRE MOORE
SHADOW MINISTER FOR WOMEN
SHADOW MINISTER FOR CARERS
SHADOW MINISTER FOR COMMUNITIES
SENATOR FOR QUEENSLAND

MEDIA RELEASE

CLAIRE MOORE WELCOMES POSITIVE REWARD FOR INVESTORS WHO SUPPORT GENDER DIVERSITY ON BOARDS

Senator Claire Moore, Shadow Minister for Women, welcomed the launch of the innovative Infinitas and Centre for Gender Economics and Innovation Gender Index today in Sydney.

Senator Moore said analytical tools such as The Infinitas/C4GEI Diversity Performance Index launched today reflect the market's need to recognise the positive influence women on boards.

"We need to positively encourage business to address the gap in women's representation on boards and send an important message to encourage business for increasing women on boards.

"By providing investors with an index that allows them to make an informed choice based on the reflection that reveals ASX200 companies with more women on their boards perform better is a great news," Senator Moore said.

Labor has a core belief in gender equality and has a record that proves it.

The Workplace Gender Equality Agency, and its reporting framework, was introduced by Labor in 2013 to engage employers in the process of examining their workplaces, their policies and practices, and reporting on their gender equality performance. The data is used to develop benchmark reports, and identify the barriers that lead to the gap.

"There is no question that a gender pay gap exists. According to the ABS it is currently 17.1 per cent and has hovered between 15 and 18 per cent for the past two decades," Senator Moore said.

Today's launch to inform the market of the positive returns on the ASX for companies that have greater gender diversity on boards is proof that reporting on gender diversity is important.

"There is no question that a gender pay gap exists. According to the ABS it is currently 17.1 per cent and has hovered between 15 and 18 per cent for the past two decades.

"The question is, how do we close this gap? The answer is not by weakening the gender reporting requirements currently in place," Senator Moore said.

THURSDAY, 23 APRIL 2015

MEDIA CONTACT: MEREDITH HORNE 0408 599 800