This target is part of AICD’s long-running campaign for local boardroom gender diversity.

AICD Managing Director and Chief Executive Officer, John Brogden, said, “There is an undeniable case for gender diversity on boards. It is not only the right thing to do but the smart thing to do, because it means better business performance.”

The 30 per cent target will apply to all company structures in AICD’s 35,000 membership base, from small, private businesses to large not-for-profit organisations.

“However, we recognise that the four-year time frame to achieve the target for ASX200 boards may not be appropriate for smaller listed and non-listed companies, so we have not set a specific target date for these organisations to meet,” said Mr Brogden.

The AICD will encourage all boards to adopt the 30 per cent target and regularly report on their progress to ensure transparency and monitoring by stakeholders.