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

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news