The Institute of Company Directors shows the number of women on boards of Australia’s top companies has stalled and may be in danger of tumbling.
The rate at which women are appointed to boards has decreased from 45% of the available seats to 31.7% since December last year.
There are no women on the boards of seven top 200 companies, including telco and takeover target TPG.
The ACID chief executive, Angus Armour says he was surprised and disappointed about the results, claiming it was the worst drop since 2015.
“Research showing companies with at least one woman on the board performed better was 'robust'", Mr Armour said.