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Tabcorp’s commitment to gender diverse leadership

Tabcorp’s commitment to gender diverse leadership

27 May 2021

Tabcorp was today announced as one of 10 ASX200 companies to have signed up to an initiative committed to achieving gender-balanced senior leadership teams within the decade.

By signing 40:40 Vision, companies pledge to achieve a gender balance of 40 per cent identifying as women, 40 per cent identifying as men and 20 per cent any gender in their executive leadership by 2030.

They also commit to publicly set gender targets for 2023 and 2027, disclose plans for meeting these targets and report progress annually.

Accounting for 13 per cent of the index, other companies among the first 10 signatories with us are ANZ, BHP, BlueScope, Domino’s, IGO, Ramsay Health Care, SkyCity, South32 and Webjet.

“We are committed to being a visible inclusion and diversity leader in our industry and an employer of choice,” Tabcorp Managing Director and CEO David Attenborough said.

“We know the advantages of being a truly diverse and inclusive organisation and are committed to policies and practices to achieve this.”

As of 30 April 2021, the percentage of women on ASX200 boards was 32.9% while 29 women have been appointed to ASX boards so far this year, according to Australian Institute of Company Directors data.

HESTA CEO and 40:40 Vision Steering Committee Chair Debby Blakey said it was encouraging to see such strong corporate recognition of the need to improve gender diversity.

“It’s very encouraging to see some of our nation’s largest companies make a strong commitment to increasing the number of women on boards and in executive positions,” she said.

“By creating more equitable and inclusive workplaces, these companies will reap the rewards, because there’s compelling evidence that better gender balance in leadership is not just fairer, but also good for business – resulting in better performance, better profits and better corporate governance.”

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