INTHEBLACK March 2025 - Magazine - Page 9
“What happens at the mid-level is women find it harder to stay in
the workforce full-time. So flexibility of policies as women ascend
is quite important, but it's equally important to start from the top.”
SUKHINDER SINGH CASSIDY, CEO OF XERO, SPEAKING ON ABC’S THE WORLD TODAY PROGRAM
Is your AI
trustworthy?
As the uptake of AI accelerates,
businesses must address key risks
through strong governance.
However, a report from Deloitte shows
there is room for improvement for more
than 90 per cent of organisations.
Based on a survey of nearly 900 senior
leaders, the report reveals that risks
related to security vulnerability
(86 per cent), surveillance (83 per cent)
and privacy (83 per cent) are the most
common concerns for senior leaders
when using AI.
Deloitte has developed a Trustworthy
AI Framework that outlines seven key
dimensions that leaders can use to build
trust in AI solutions:
1. transparent and explainable
2. fair and impartial
3. robust and reliable
4. respectful of privacy
5. safe and secure
6. responsible
7. accountable.
Closing the gender gap
Gender equality remains elusive across the globe in 2025.
While a number of workplace initiatives show potential in boosting
the number of women in leadership roles, in countries like Australia,
progress has stagnated in key areas.
The Senior Executive Census 2024 from Chief Executive Women
shows 91 per cent of CEO positions and 82 per cent of CEO pipeline
roles in Australia are held by men. The data also reveals that of the
25 current women CEOs in the ASX300, 19 per cent were CFOs before
moving into the top job.
However, more companies are taking action to improve gender
equality. Data from Australia’s Workplace Gender Equality Agency
(WGEA) indicates the proportion of employers conducting a gender
pay gap analysis increased by 68 per cent in 2024, and the proportion
acting on the results grew to 75 per cent. Despite this, the gender
pay gap in 2024 stood at 21.8 per cent, and 100 per cent of
occupations and industries have a gender pay gap in favour of men.
In Singapore, 61 per cent of companies were on track with their
pay equity initiatives in 2024 — a year-on-year increase of 6 per cent,
according to data from ManpowerGroup. In New Zealand, the gender
pay gap is 8.2 per cent, and the World Economic Forum ranked
the country fourth in the world for gender equality in 2024.
Read the report
intheblack.cpaaustralia.com.au 9
