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2023 Board Diversity Index

Welcome to the 2023 Board Diversity Index, a comprehensive investigation of the ASX 300 now in its ninth year.

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of directors are from Anglo-Celtic backgrounds. Cultural diversity has stalled.


of female directors hold 46% of female-occupied seats.


of directors are qualified with an undergraduate degree.


of directors are regarded as non-independent.

This is the fourth year that Watermark Search International has partnered with Governance Institute of Australia
to bring you the Index, which both organisations hope will further encourage diverse boards across all types of organisations.

This is the only national report to put five types of diversity under the microscope, examining:

🔹 Gender

🔹 Cultural Background

🔹 Skills and Experience

🔹 Age

🔹 Tenure and Independence

​This year for the first time, we have also analysed:

🔹 First Nations


🔹 Disability

🔹 Socioeconomic background

This breadth of data allows us to share meaningful analysis of where corporate Australia currently stands on diversity, the direction we are heading in and what else needs to be done.

Our Board Diversity Index was recently featured in the Australian Financial Review. Please click here to read the article. ​

To view a copy of the media release for the 2023 Board Diversity Index please click here.

Previous Board Diversity Results

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