The superannuation industry has moved from a ‘laggard’, when it comes to female representation on boards, to performing much better than its ASX 200 counterparts.
As you can see in the table below, of all 661 trustee directors of the 81 super funds regulated by the Australian Prudential Regulation Authority (APRA), 253 (38.3%) were women as at June 2021.
Percentage of women on boards
| Sector | 2021 | 2020 | 2018 | 2016 | 2015 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|
| Superannuation Trustees | 38.3 | 37.5 | 33.1 | 29.6 | 26.0 | 20.9 | 20.9 | 20.4 | 19.4 |
| ASX 200 | 34.5 | 30.4 | 26.7 | 23.0 | 19.9 | 15.8 | 13.9 | 10.9 | 8.7 |
Sources: Women in Super; 2021 data – APRA and AICD Gender Diversity Progress Report
What’s more, more than half of those 81 funds had appointed more than half of their board positions to women. The table below is a list of all the super funds that had 50% or more female trustees as at June 2021.
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