WHY DIVERSITY MATTERS – THE BOTTOM LINE IMPACT

ANTHONY BOWMAN, DIRECTOR OF OPERATIONS

WHY DIVERSITY MATTERS – THE BOTTOM LINE IMPACT

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WHY DIVERSITY MATTERS – THE BOTTOM LINE IMPACT

Aspects of Diversity

• Age

• Gender

• Ethnicity

• Cultural background

• Physical ability

• Sexual orientation

• Religious belief

• Work experience

• Educational background

WHY DIVERSITY MATTERS – THE BOTTOM LINE IMPACT

Catalyst, 2007

WHY DIVERSITY MATTERS – THE BOTTOM LINE IMPACT

McKinsey & Company, 2015

WHY DIVERSITY MATTERS – THE BOTTOM LINE IMPACT

Why Diverse companies perform better

• Ability to recruit the best talent

• Stronger customer orientation

• Increased employee satisfaction

• Improved decision making capability

WHY DIVERSITY MATTERS – THE BOTTOM LINE IMPACT

Australian Institute of Company Directors, 2015

Gender Diversity on Australian boards

• ASX 200

– 2015: 21% women (2009: 8.3%)

– 29 companies male only

• ASX 300

– 2015: 19.4% women

– 64 companies male only

• All Ords

– 2015: 16.1% women

– 179 companies male only

WHY DIVERSITY MATTERS – THE BOTTOM LINE IMPACT

Barriers to Diversity

• Work environment

• Lack of flexibility

• Autocratic leadership

• Hegemonic structure

• Unconscious bias

WHY DIVERSITY MATTERS – THE BOTTOM LINE IMPACT

Creating Diversity

• Leadership driven

• Understand the issues

• Communicate the vision

• Establish a plan

• Make it a priority

• Seek assistance

WHY DIVERSITY MATTERS – THE BOTTOM LINE IMPACT