Speaking at the launch of the 2013 WIS National Road Show (women in super), WIS chair Cate Wood has urged the super industry to adopt targets to increase the number of women in senior management roles.
WIS, is a networking and lobby group for women working in superannuation and financial services industries and acts on behalf of its members to government, politicians, unions, employer organisations, regulators, and superannuation funds to improve women’s retirement prospects and access to superannuation.
Speaking at the recent roadshow Wood’s has said that, “while super did a better job of promoting women than many industries, there was still plenty of room for improvement.” Woods has indicated that the industry can’t afford to ignore half the talent pool that is women and under the Workplace Gender Equality Act 2012, companies employing more than 100 people will have to report against a set of standardised gender equality indicators, including the gender composition of their workforce.
As the Act does not stipulate specific gender diversity targets WIS is urging super funds to adopt targets voluntarily with Wood saying that “as major institutional investors, super funds are in a position to put pressure on other businesses to improve gender diversity. But in order to do this, they need to get their own backyard in order first.”
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