Document ID: chunk:federal_register_of_legislation:F2020L01554:reg:5
Version: federal_register_of_legislation:F2020L01554
Segment Type: reg
Provision Reference: reg 5
Character Range: 1867–2812

5  Prescribed program
 (1) For the purposes of subsection 33(1) of the Act, the Digital Directors Program (the program) is prescribed.
 (2) The program provides funding to the Australian Institute of Company Directors for:
 (a) the development of a training package to help directors and other leaders of Australian organisations improve their digital literacy and digital investment decision‑making; and
 (b) the promotion of a target for the number of directors on the board of an Australian business with a digital (STEM) background by the end of 2030; and
 (c) monitoring and reporting on the progress of ASX 200 companies towards meeting that target.
 (3) The purposes of the program are to:
 (a) signal the importance of digital and technological skills of directors on the boards of Australian businesses and other leaders of Australian organisations; and
 (b) increase the representation on those boards of directors with those skills.