2019/20 ANNUAL REVIEW Celebrating 35 YEARS THANK YOU TO OUR SPONSORS PLATINUM SPONSOR CONTENTS King & Wood Mallesons GOLD SPONSORS ANZ BHP National Australia Bank KPMG Australia QBE Insurance Telstra SILVER SPONSORS Allens 4 – PRESIDENT’S REPORT We acknowledge the AMP Limited Traditional Custodians of Ashurst Boston Consulting Group 5 – BOARD MEMBERS the lands on which CEW BroadSpectrum Commonwealth Bank works and pay our respect Dan Murphy’s 6 – CEO’S REPORT to the Elders past, present Deloitte. Egon Zehnder 8 – STRATEGY UPDATE and emerging. CEW EY Gilbert + Tobin recognises their continuing The GPT Group 10 – THOUGHT LEADERSHIP AND connection to land, water Harvey Norman Heidrick + Struggles ADVOCACY FOR CHANGE and community and IAG J.P. Morgan 11 – PUBLICATIONS acknowledges the strength Lendlease of Indigenous women Macquarie Group Microsoft 12 – CELEBRATING 35 YEARS leading their communities. Mirvac We extend that respect Russell Reynolds Associates Spencer Stuart 14 / 19 – LEADERSHIP AND COVID-19 to Aboriginal and Torres Suncorp Sydney Airport Strait Islander people Wesfarmers 18 – HIGHLIGHTS who are part of the Westpac 26 – SCHOLARSHIPS CEW community. PRINCIPAL BUSINESS PARTNER ANZ RESEARCH PARTNER 30 – LEADERS PROGRAM Bain & Company PREMISES PARTNER 32 – FINANCIALS CBRE CEW CONNECT PARTNER 34 – PEOPLE Goldman Sachs CEW PARTNERS Allens 36 – MEMBERS Australian Government Deloitte. 38 – SPONSORS AND PARTNERS EY King & Wood Mallesons KPMG Australia PwC Spencer Stuart CEW ANNUAL REVIEW 2019/20 3 CONTENTS PRESIDENT’S REPORT BOARD MEMBERS A review of FY20 cannot overstate the impact of CEW is governed by a representative board the pandemic on all our lives: in the workplace, comprising President, Treasurer and Chairs of the financially and societally. From the start of the CEW Committees. The CEW President is elected by SUE MORPHET Sue Morphet COVID-19 crisis, we have seen extraordinary the board every two years. The board is supported President courage, stamina, and humanity demonstrated by by a Chief Executive Officer and a small executive PRESIDENT many, including CEW members, in dealing team, who coordinate CEW’s advocacy, thought on its purpose by supporting our scholarships, with extraordinary challenges. As an organisation, leadership, programs and scholarships, and support Leaders Program, advocacy and research, and CEW has worked hard to respond in the way we our members, sponsors and partners. communication and we thank them for their help work and how we engage, as we continue to in making these initiatives and activities possible. strive for better outcomes for women. In FY20, CEW committed to a pro-active Right now can be a time of accelerated change Advocacy program. CEW has long advocated for all women and their rights, their economic for improved childcare affordability to increase prosperity, and their long-term well-being. primary caregivers’ opportunities to work and 35 years ago, CEW’s founders joined together grow their careers, their household income out of a mutual passion to get a fairer deal for and superannuation. We must reduce the cost women leaders, and I would like to acknowledge of childcare to grow workforce participation, Jenny Boddington Tonianne Dwyer Clare Harding Amanda Harkness those founders and pioneers including: Barbara particularly for people working full-time, and Cail AO and Bonnie Boezeman AO, Penny rebuild Australia’s economy post-COVID-19. Business Engagement QLD Chapter Chair Treasurer SA Chapter Chair Chair Carl-Nelson, Beverley Dyke, Gillian Franklin, It is clear that women are not treated seriously. Anne Gorman, Helen Hill, Julia King, Heather CEW’s ASX200 Senior Executive Census in 2019 Leembruggen, Helen Lynch AM, Pauline confirms that change is still too slow. At the end Markwell, Geraldine Paton AO, Imelda Roche of FY020, the results are disappointingly flat-line. AO, Penelope Seidler AM, Emeritus Professor We will continue to relentlessly pursue better Leonie Still, and Carla Zampatti AM. representation for women leaders. Today, the passion and commitment to securing CEW members contribute in many ways to fundamental rights for women remains, and Colleen Harris Lynette Mayne AM Denise McComish Sally Pitkin the organisation’s achievements and success, the focus on gender balance and women in with special acknowledgement of the energy, WA Chapter Chair leadership continues to unite CEW. CEW’s Scholarships Chair Leaders Program Governance Chair commitment and expertise of the CEW Board membership now consists of 654 of Australia’s and its Committees; CEO Susan Metcalf and her most senior and distinguished women leaders, executive; to everyone involved in producing our whose shared mission is ‘women leaders enabling CEW events; and to all members who contribute other women leaders’ to strive for a gender to and support our communications, submissions, lens and diversity in leadership across corporate roundtables and government relationships. Australia, our governments, or our communities. What resounds throughout my term as President We must ensure decisions that govern our lives is CEW’s unique membership – the resilience, will be shaped by decision-makers who reflect Nicole Sheffield Air Vice Marshall Kate Vidgen courage, passion, and the community. Each a diversity of experiences, understanding, Margaret Staib AM, CSC member has a strong voice. Together we can Annual Dinner Chair VIC Chapter Chair and expertise. and do make a difference to make change ACT Chapter Chair In 2019 CEW launched its 2025 Strategy, and one happen for women. If ever there was a time, year on, we have seen CEW delivering against it’s now, and we must. these core priorities: membership grew and we Finally, it has been a great privilege to serve as welcomed 91 new members for 2019-2020. CEW CEW’s President over the last two years. I am delivered 45 events, the highlight for FY20 being delighted that Sam Mostyn will serve as CEW’s the CEW Annual Dinner with keynote speaker 18th President and I look forward to continuing Jo Horgan, Founder/Co-CEO of MECCA Brands. as a part of the incredible CEW membership We adapted to online events and launched and community. Fiona Wardlaw Melanie Willis CEW Circle to unite CEW’s membership on a national scale. Membership Chair NSW Chapter Chair Our partners and sponsors helped CEW work CEW ANNUAL REVIEW 2019/20 4 PRESIDENT’S REPORT CEW ANNUAL REVIEW 2019/20 5 BOARD MEMBERS CEO’S REPORT FY20 has not been the year any of us could have imagined. Twelve months ago, the CEW 2025 Strategy launched to strong endorsement from members. SUSAN METCALF This Annual Review highlights year one work CEO implemented to deliver on the 2025 strategy. CEW’s voice and influence continues to grow and strengthen. ‘Finding your Voice’ framed the launched and will continue into the future. The introduction of Salesforce has resulted Annual Dinner in September 2019, resonating President Sue Morphet delivered several in a fresh ‘Member Hub’, integrated strongly, with keynote speaker Jo Horgan addresses online to update Members on CEW’s communication processes and a vastly inspiring more than 1282 guests. position and advocacy. State Chapter Chairs improved event management system. CEW’s thought leadership activity continued each held a series of Zoom meetings to connect The return on this investment will continue through collaborations with pro bono and and provide the member-to-member support to be realised for many years to come. that is at the heart of CEW. cross-sector partners. In particular, the Gender At 30 June 2020, CEW returned a small Equity paper with KPMG, and subsequent While the pandemic meant it was not possible operating surplus for the year. This extraordinary advocacy on childcare as an enabler of women’s to undertake new member nominations in 2020 result in very difficult times would not have been workforce participation, were prominent. for 2021, CEW welcomed 91 new members in possible without the efforts of every member CEW’s role in advocating for the conditions that 2019. Our new members were asked to sign of the Executive team, and the support of the create equal economic and social choices for CEW’s revised Membership Commitment, which Board and Committees. Thank you for your women has been clearly demonstrated during arose from the 2018 Governance Review. The continued support, active engagement the COVID-19 pandemic. Government, partners work identified in the Governance Review was and wise counsel. and media have sought CEW’s voice in relation largely completed in FY20 including Charters for to a gender lens in policy, women’s workforce every Committee, and a suite of CEW policies to participation, strengthening women’s economic support transparent and robust operations. security; and advancing gender equality in the In the April – June quarter, CEW member workplace. The CEW ASX200 Senior Executive Cynthia Scott lead a review of CEW’s Programs, Census with Bain provided a platform for focusing on the ‘education’ offering. Demand SUSAN METCALF public discussion on the need for more for the Leadership Shadow Workshop and ELT Chief Executive Officer women in senior leadership. Conversations has reduced, and these programs COVID-19 has and continues to create are on hold. The Programs Review identified the challenges for CEW. The CEW Board, the strategic opportunity to build on the success of Finance Audit and Risk Committee and our pro the Leaders Program and grow its reach. Work is bono partners Deloitte, worked closely with the underway to define the plan for 2021 onwards. Executive to carefully steward CEW’s financial During the year Leaders Program alumni and sustainability through this very difficult period. CEW Scholars joined the Connect community to Paid hours of the Executive team were reduced enjoy ‘One-Table’ lunches and a series of guest by 20%-30%, and the organisation accessed speaker events across the country. 23 more JobKeeper to ensure continuity of employment scholarships were awarded to Wharton, INSEAD, and services to members.