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RCF Sponsors AICD in Support of Board Diversity

RCF proudly announced the sponsorship of Australian Institute of Company Directors (AICD) Western Australia’s 2019 Director Pipeline Program (DPP) at the 2018 DPP Wrap Reception held in Perth on 6 September 2018.  Launched in 2011 by the West Australian Division of the AICD, the DPP aims to create a pipeline of “board-ready” executive women in the WA business community, and to complement AICD’s national board diversity initiatives.

The program runs from February to September each year and provides the opportunity to extend networks with other senior executives and directors, raise their profiles through exclusive events and functions, and attend a range of workshops and professional development programs.  The 2018 participants included 44 women from a wide range of organisations, industries and backgrounds.

Barbara Gordon, RCF’s co-Legal Counsel, Australia spoke at the reception about RCF’s encouragement of diversity at the board level of WA companies.  As of 6 September 2018, 38%[1] of RCF’s ASX listed investments have women on their boards, including one in the role of Chair.  This compares favourably to 21.7%[2] of ASX All Ordinaries boards having women directors as at 30 June 2018.  Globally, 27%[3] of RCF’s investments have female directors.

“This diversity and strengthening of board skill sets is something RCF has been actively working on and we continue to be open to ideas that will help us to identify talent for our portfolio company boards.“ said Ms Gordon.

 

AICD released a Gender Diversity Progress Report[4] on 7 September 2018 indicating the boards of Australia’s largest companies are drawing closer to achieving 30% female representation by the end of 2018.

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Caption: 2018 Director Pipeline Program Wrap Reception held in Perth on 6 September 2018

[1] Source: RCF internal data, 6 September 2018

[2] Source: AICD website, 7 September 2018

[3] Source: RCF internal data, 6 September 2018

[4] Source https://aicd.companydirectors.com.au/advocacy/board-diversity/gender-diversity-momentum-continues-asx-200-boards