Talented female professionals within the ASX 200 have the chance to be mentored by some of Australia’s leading CEOs under a new mentoring program set up by the Business Council of Australia (BCA).
The aim of the “C-Suite” program, which was announced last week at the BCA’s annual forum meeting, is to boost the number of female executives in ASX 200 companies.
The initiative will identify talented women and open up pathways for them to rise to the top of the corporate ladder, through the help of CEOs who are BCA members.
“There is a lot of attention at the moment on the unacceptably low levels of women on Australian boards, but women are too scarce at all senior levels of Australian business,” said BCA President, Graham Bradley. “We need to open up pathways for our best women to take on senior positions and open up a strong pipeline of success all the way to the boardroom.”
According to Bradley, the program which will be a 12-month pilot scheme and be conducted in partnership with the Australian Human Resources Institute (AHRI) will be a model for all other businesses to follow.
Currently only 10.7 per cent of senior executive positions are held by women and just 2 per cent of CEO roles. Women chair 2 per cent of ASX 200 companies and hold just 8.3 per cent of board directorships.