JULIE BISHOP: Australia is a multicultural society. Over decades we have welcomed people from all over the world and we now have generation after generation of Australians who were born overseas or have a parent born overseas.
Ours is a very diverse society. What we need to do is ensure we make the effort to identify the talent that is undoubtedly there. And I find it’s not about quotas - it’s about actually doing it. Identifying the people who, on merit, can add richness to your boardroom.
The evidence is there that the more diverse a board, the more likely it is to be a profitable company.
We all worry about the bottom line and I think boards should take on board the evidence that shows what diversity around the boardroom can mean; better decision making, better outcomes, more satisfied workforces and how to be a role model for others.
I think it’s so obvious I shouldn’t have to spell it out.
Shane White is content manager, institutional at ANZ
This article is an edited version of a discussion held at an ANZ-sponsored AustCham event in Hong Kong. You can read the full discussion HERE. To see a full version of the Hon Julie Bishop’s speech from the event, click HERE.