A business expert’s take on HESTA’s latest decision

A decision by HESTA has been criticised after it was revealed they will vote against select director re-elections of ASX300 companies where the board has less than 30 per cent of female representation.

Executive director of Women on Boards, Claire Braund, says HESTA and other investment firms are taking a stance on “merit”.

“We like to think of merit as something objective … but it’s actually defined by culture, values and expectations … which means only some parts of merit are to do with how hard one works,” she told Tom Elliott.

Press PLAY to hear an expert’s take on HESTA’s latest decision

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