Did you know…

Did you know…. that Life Saving Victoria will shortly have a fully gender diverse LSV Board, with equal female and male representation. Of LSV’s 10 Board Directors1, 50 per cent will be female and 50 per cent will be male.

This exceeds Sport and Recreation Victoria’s guidelines of having at least 40 per cent female representation on sporting organisation boards, as well as the current reported average on ASX200 companies, which sits at 31.3% women.

Further, in a recent Australian Institute of Company Directors (AICD) Gender Diversity Report2 , the AICD found that while the proportion of women on ASX 200 boards had risen to 31.3% (from 20.6% five years ago), only half of those companies had individually reached the 30% target, highlighting that there was still work to be done.

The AICD also noted that diversity of representation on boards leads to stronger, better decision-making. For LSV, this ultimately helps us to better achieve our mission to prevent aquatic-related death and injury in all Victorian communities.

LSV has also recently updated its Board Skills Matrix to help ensure that the LSV Board, as the peak governing body of LSV, has the necessary collective skills and experience to carry the organisation and mission further.

1 LSV’s constitution allows up to 11 members on the LSV Board. LSV is planning to seek expressions of interests for a new independent director shortly.

2 https://aicd.companydirectors.com.au/advocacy/board-diversity/gender-diversity-reaches-31-3-per-cent-on-asx-boards

 

The “Did you know…” section of E-News aims to help our members understand the broader governance framework and other governance initiatives conducted by LSV. Having best practice governance tailored towards our volunteers, social enterprise and emergency service operations is a core pillar and enabler of LSV’s mission to prevent aquatic-related death and injury in all Victorian communities. Please contact governance@lsv.com.au for further information.

 

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