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

 

Budget Policy Statement: Spending Wins Over Tax Cuts; Big Ticket Items Get Boost

Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More>>

ALSO:

Fishy: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news