From the boardroom to the workplace, it’s been a horrible year for women. And one of the worst places has been Australia.
Company boards — still overwhelmingly male — are failing to meaningfully hold executives accountable for bad behavior. Large institutional investors must double down on insisting diversity in the C-suite is non-negotiable, as gender-parity initiatives stall.
A sex scandal at an Australian technology company is just one in a recent spate of cases alleging bad behavior toward women. Richard White, who stepped down as chief executive officer of WiseTech Global recently after allegations of inappropriate relationships with several women, got away with little more than a slap on the wrist. The billionaire founder and largest shareholder of the freight-software firm stays on as a consultant with a new 10-year contract. (The board said it’s reviewing the full range of matters raised by a series of media reports. White said he remained committed to the company.)
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