Ethnic and age diversity on ASX 300 boards is declining despite claims from companies they are working to improve these metrics, with new research showing there are more directors with an Anglo-Celtic background at these firms than seven years ago.
There was no increase in the number of First Nations directors over the same period at just four either, according to the latest Governance Institute of Australia and Watermark Search International Board Diversity Index.
An earlier version of this story said the proportion of women on ASX200-300 boards had fallen from 44 per cent to 32 per cent over the past year. This was incorrect. The number instead rose from 31 per cent to 32 per cent. Watermark Search International and the Governance Institute of Australia apologised for the error in their original data.
