Recommendations on Diversity

The Australian Institute of Company Directors (AICD) and other relevant
bodies advocate diversity on boards. The concepts below are drawn from the AICD.

• Boards should adopt an open approach that aims to select the best
  possible directors from a diverse range of candidates.
• Directors should be chosen from a broadly-based candidate pool,
  possessing appropriate individual skills, varied experience and sound
  judgement but also reflecting diversity of gender, age, experience,
  relationships and background.
• Diversity is a competitive advantage bringing real value, adding to the
  collective skills and experience of the board and allowing board
  refreshment with changing company needs.
• Boards should be proactive in taking advantage of the value of diversity. (In particular, the current proportion of women on major company boards in Australia needs to be increased.)