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

 

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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