Business News

Fri Oct 9

Government and business unite to promote women in leadership

Written by Senator Cash Media Release

Increasing the number of women in leadership has led the agenda at a roundtable in Melbourne today, co-hosted by the Minister for Women, Senator the Hon Michaelia Cash and President of Chief Executive Women (CEW), Diane Smith-Gander.

The roundtable was an opportunity for leading business figures and Government to discuss how they can work together to better support Australian women to attain leadership roles.

The roundtable is one of a series of meetings Minister Cash is holding with business as part of the Coalition Government’s agenda to boost women’s workforce participation.

“The outcomes of today’s roundtable will be shared across Government to inform our economic reform agenda – such high calibre collaboration is invaluable,” Minister Cash said.

“We know organisations perform better with a more diverse leadership team - the evidence is irrefutable in relation to the financial benefits that gender diversity can bring.”

“Gender diversity in senior leadership results in more representative decision-making and enhances an organisation’s ability to deliver value to its clients. This holds true across both business and Government.”

Speaking at the roundtable, Diane Smith-Gander said the preconceived ideas of female skills and leadership style along with gendered interpretations of merit hinder women, regardless of sector.

“It is up to us, as leaders in Australian business and Government, to role model the change we want,” Ms Smith-Gander said.

“Where there are lessons to be learned, we must share those insights.”

Minister Cash announced the Coalition Government will commit $100,000 to help fund CEW scholarships and fellowships to support women’s participation and leadership in Science, Technology, Engineering and Mathematics (STEM) industries.

“The Government is proud to help extend the scholarship programs to experienced women working in STEM,” Minister Cash said.

“This financial assistance will also go towards the launch of a travelling fellowship to promote STEM education among girls.”

“Ensuring Australian girls enter into STEM industries will deliver significant benefits to our country, our economy and our people in the coming decades. By embracing the immense opportunities that exist in STEM industries women can help to reduce the gender pay gap, have greater financial security and ensure they are equipped to fill the jobs of the 21st Century.”

Diane Smith-Gander and Minister Cash warned that Australia risks facing a substantial loss if we’re not able to attract more females to STEM industries.

“Three-quarters of our fastest growing occupations require skills in science, engineering, technology and maths,” Minister Cash said.

“Supporting women to work in these jobs of the future is good for gender diversity, good for business and good for the economy.”

Minister Cash today also announced new BoardLinks Champions to help increase the number of women in leadership positions. BoardLinks is a database connecting Government with women seeking appointment to a Government board.

“It is vital for Government to work closely with business to meet our gender diversity target of women holding at least 40 per cent of positions on Australian Government boards,” Minister Cash said.

The new Champions are leading Australian business figures, who will work with Government to strengthen the BoardLinks programme.

“Diane Smith-Gander, Jennifer Westacott, Anne Fulwood, Ann Sherry and Paris Aristotle have accepted our invitation and confirmed their commitment to the BoardLinks programme,” Minister Cash said.

“The new Champions are all highly accomplished and esteemed Australians who will work to promote the benefits of gender-diverse boards.”

Today also saw the release of the Gender Balance on Australian Government Boards Report 2014-15, which provides a snapshot of progress in meeting the gender diversity target.

“The measures I have announced today are further proof of the practical actions the Government is taking to get more women into leadership positions, including Government boards,” Minister Cash said.

“The findings of the Report strengthen my resolve to step up the work we are doing to encourage diversity within the Government.”

The Report shows that ten portfolios have now achieved or even exceeded the gender diversity target and the majority of portfolios have made a net improvement over the past year.

New board appointments have also risen by almost 2 percentage points to 38.4 per cent.

The full Report can be found here: http://www.dpmc.gov.au/office-women/leadership/gender-balance-australian-government-boards

Thu Oct 1

Federal Minister for Small Business launches new Asia business tool

Written by Heather Chai

1 OCTOBER 2015

Minister for Small Business launches new tool to help Australian business optimise free trade agreements and Asia growth opportunities

(Melbourne, 1 October, 2015) The Federal Assistant Treasurer and Minister for Small Business, the Hon Kelly O’Dwyer MP, encouraged more Australian businesses to tap into growth opportunities in Asia by making use of a new and innovative tool developed by Asialink Business, at a business forum in Melbourne today.

Minister O’Dwyer, herself an Asialink Leaders Program alumni, launched the Asialink Business Country Starter Packs, a comprehensive and highly accessible ‘how-to’ guide that empowers businesses of all sizes to get started or expand in Asia.

“The Coalition Government recognises that many Australian businesses are actively seeking help to overcome challenges they face to do business in Asia. I am confident that the Asialink Business Country Starter Packs will be a valuable tool for small businesses looking to engage with Asia,” Ms O’Dwyer said.

“The Country Starter Packs for China, Indonesia, Korea and Thailand are the first in a suite of guides that give businesses the keys to unlock opportunities in the fastest growing markets in our region,” Asialink Business CEO Mukund Narayanamurti said.

“They feature practical case studies, up-to-date market insights and first-hand examples to assist businesses in all sectors of the economy. The Packs provide a roadmap to navigate Asia’s diverse commercial environments, and highlight opportunities in specific sectors, markets and economies,” Narayanamurti said.

Developed with support from the Commonwealth Government, the Country Starter Packs are available in hard and soft copy formats and as a shareable app.

“Around Australia, businesses of all sizes told us they recognise the potential in Asia, and are optimistic about the doors opened by the China - Australia Free Trade Agreement (ChAFTA) and other FTAs - but they want a practical tool to help translate these opportunities into reality,” Narayanamurti said.

“China is the world’s biggest dairy import market and a key target for the Australian dairy industry with the significant growth potential it provides. The China FTA is a platform to enable this growth and for Australian agriculture to take advantage of the consumer market opportunities it presents,” Devondale Murray Goulburn Managing Director, Gary Helou, said speaking at the Country Starter Pack launch.

A 2014 survey by Asialink Business supported by the Business Council of Australia and the Australian Industry Group identified a lack of readily available, practical information on Asian markets as a key factor holding back many Australian businesses.

“The Country Starter Packs fill the critical information gap that business identified as their biggest hurdle,” Narayanamurti said.

“The ChAFTA, which we hope to see ratified soon, has increased the urgency for Australian business to do its homework and get prepared. This agreement, combined with other FTAs and the growing appetite of Asia’s middle classes, has created an unprecedented window for Australia to grow, create jobs and diversify its economy,” Narayanamurti said.

“It is critical that business act purposefully to take up these opportunities and the Country Starter Packs are an essential first step in helping all Australian organisations be better prepared to engage with China and other Asian markets,” Naryanamurti said.

The country starter packs are available at: http://asialink.unimelb.edu.au/csp. Asialink Business is the National Centre for Asia Capability. We work to build an Asia capable Australian workforce and support businesses in all sectors to develop the critical skills, knowledge and networks needed to better understand and engage with Asia.