Investment Firms in Australia Push for More Female Leaders

The video discusses the slow progress in achieving gender balance in companies and the need for action through the 4040 vision, which sets targets for 2030. It highlights the consequences for boards that do not meet these targets, including potential voting against directors. The importance of engagement and transparency in reporting progress is emphasized, with a call for companies to set interim targets for 2023 and 2027. The video also outlines the support from various organizations and the active engagement with companies to promote gender diversity.

What is the main goal of the 4040 vision introduced in the first section?

• Achieving gender balance by 2025

• Focusing solely on financial performance

• Setting targets for 2030 to improve gender diversity

• Eliminating gender diversity in companies

What action might be taken against company boards that do not meet diversity targets?

• Increasing their salaries

• Awarding them for effort

• Ignoring the issue

• Voting out directors

Why is gender diversity considered a financial risk for companies?

• It leads to a lack of leadership diversity

• It increases operational costs

• It reduces the number of potential leaders

• It has no impact on financial performance

Which organizations are supporting the 4040 vision initiative?

• The Workplace Gender Equality Agency and the 30% Club

• The Australian Tax Office and the Reserve Bank

• The Australian Broadcasting Corporation and the Film Industry

• The Department of Education and the Health Ministry

How does the engagement program aim to persuade companies to join the 4040 vision?

• By mandating participation through legislation

• By offering financial incentives

• By highlighting the support from influential organizations

• By reducing their tax obligations