This is the first of three reports undertaken by Women in Mining (UK) in conjunction with our sponsors Anglo American, Rio Tinto, PwC and Latham & Watkins designed to widen the already well discussed debate about the lack of representation of women on boards to the mining industry.
There have been many studies demonstrating why it makes good business sense to have a diverse board, and in some countries legislation has ensured this takes place. Whilst this report agrees that gender diversity has a positive impact on the financial and social success of companies, its purpose is not to make judgement calls on quotas or legislation. Instead, it sets out to identify and analyse the current situation in the mining industry with respect to the number of women on boards and in senior executive positions, the comparison of the size of the companies and the jurisdiction in which these companies are listed, the impact to the financial health of the companies and the board committees that attract women. With that baseline data in place, it will be possible to measure the changes in the industry over the next three years as the debate around the ‘how’ encourages solutions.