Capitalising on Culture: A Study of the Cultural Origins of ASX 200 Business Leaders
According to the latest figures from the Australian Institute of Company Directors, we know that 16% of ASX 200 board members are women. But we don’t know anything about board members’ cultural backgrounds…until now.
DCA’s new research, to be released at an event proudly sponsored by PwC in Sydney on 23 October, will for the first time ever reveal the cultural origins of the board and senior executive of our major listed companies. And we think you may be surprised at the findings!
Executive and workforce cultural diversity is linked to increased innovation and creativity, market share and sales revenue, brand reputation and differentiation, and improved financial performance. A culturally diverse and capable leadership team can therefore assist organisations to broaden their strategic perspective, identify and enter new local and global markets, innovate, achieve business goals in culturally diverse business settings, and generate high performing multi-national and multicultural teams.
But to what extent are our listed companies tapping into the cultural diversity of the Australian community, especially in this ‘Asian Century’? And how can organisations better measure culture and capitalise on it in their executive ranks and leadership pipeline?
These and other important questions on cultural diversity are explored in DCA’s new research findings, Capitalising on Culture: A Study of the Cultural Origins of ASX 200 Business Leaders, to be released at a special interactive forum, hosted by PwC and moderated by award-winning current affairs journalist, Ellen Fanning.
The event will feature a panel of leaders who will discuss what the findings mean for business and the wider community:
- Paddy Carney, Partner, PwC's Board of Partners
- Dr Tim Soutphommasane, Race Discrimination Commissioner, the Australian Human Rights Commission
- Jenny McGregor, CEO Asialink
- Miranda Devine, columnist with The Daily Telegraph and Herald Sun
- Peter Khalil, Director of Strategy and Communications, SBS.
Capitalising on Culture: A Study of the Cultural Origins of ASX 200 Business Leaders is a partnership research initiative between DCA, the federal government’s Australian Multicultural Council and DCA members PwC and IBM Australia.