Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NZX Factor D Day


03 December 2012.

NZX Factor D Day

The Equal Employment Opportunities Trust is celebrating changes to the New Zealand Stock exchange rules that come into effect from NOW and is urging companies to endorse them.

In their future annual reports listed companies will have to provide a breakdown of gender composition at board and executive level, and compare it to the previous year. If companies have a formal diversity policy, they will also have to show an evaluation of their performance on that front.

The EEO Trust’s chair, Michael Barnett, says research shows that diversity in management and governance can play a big part in improving a company’s performance. “Currently fewer than 15 percent of directors in the top listed 100 companies are women.

I am asking boards and chief executives to acknowledge the value and importance of having more women in higher positions, based on merit.

There are plenty of skilled and educated women who deserve to be included in companies talent pipelines. ” Mr Barnett says it is pleasing to see that a number of large corporate companies are doing this, but many others are not.

Mr Barnett says a recent census report from the Human Rights Commission shows that the number of women in senior positions has risen by a couple of percent over the last two years and wants that momentum to continue, but at a faster pace.

“I am urging all companies – be they private or state sector – to look at appointing more women on boards as I believe it will result in better morale, increased profits and productivity.”

Mr Barnett says the EEO Trust has resources and advice for businesses who want to support more women in senior roles. “With the ageing population and looming skills shortage it makes good business sense to cultivate 51 percent of the population that is sometimes underutilised.”


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>

OECD: NZ Economic Expansion Faces Long Term Challenges

The OECD Economic Survey of New Zealand discusses the gap between the strong short-term outlook and long-term challenges posed by low productivity growth and a changing labour market. More>>

ALSO:

GDP: