Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


25 Percent Group Launches Voluntary Code of Practice


Embargoed until 8.30am, Thursday 29 November 2012

25 Percent Group Launches Voluntary Code of Practice for Board Recruitment


A voluntary code of practice aimed at increasing female representation on boards was launched in Auckland today by diversity advocates, the 25 Percent Group.

Drawn up in consultation with leading recruitment and executive search agencies, the Voluntary Code of Practice for Board Recruitment seeks to assist the appointment of suitably qualified women to board and senior executive positions.

The code draws on international research into the role of recruitment companies in supporting and promoting gender diversity.

The 2012 Gender Diversity on Boards report by the Equality and Human Rights Commission found recruitment and executive search firms as key stakeholders in changing the landscape of women on boards through their role in identifying potential candidates for board positions.

Recruitment company signatories to the voluntary code have made a commitment to embed the provisions in their practice and pledged to ensure that when identifying candidates for board positions at least 25 percent on long lists will be women.

They have also committed to encouraging boards to include women among those short listed.

25 Percent Group Convenor and CEO of Goldman Sachs New Zealand, Andrew Barclay said the newly launched code challenges organisations to look more broadly when making board recruitment decisions.

“It does not make economic or commercial sense for us to continue to overlook the talents and experience of our total workforce when establishing boards or replacing board members.

“The Code aims to encourage boards to be more representative of the businesses, shareholders and consumers they serve. Greater diversity contributes to improved long term performance of individual companies and the economy in general,” Mr Barclay said.

A 2011 Goldman Sachs economic research report estimated that closing the gap between male and female employment rates would boost New Zealand's GDP by 10 percent. The report identified the lack of women in leadership, and on boards in particular, as an area requiring urgent attention.
Figures from the Ministry of Women’s Affairs show that women account for 14.75 percent of directorships of the country’s top 100 listed companies, up from 9.3 percent in 2010.

Minister for Women’s Affairs, Jo Goodhew, attending the launch of the Voluntary Code of Practice for Board Recruitment, applauded the initiative and said the Code was a positive step towards further advancing diversity in the boardroom.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

EPA: Board Of Inquiry Rejects Basin Flyover By Majority Of 3 To 1

The independent Board of Inquiry delegated to decide on the Basin Bridge Proposal has, by a majority decision (3 to 1), cancelled the Transport Agency’s Notice of Requirement and declined its resource consent applications for the construction, operation and maintenance of a flyover on State Highway 1 in Wellington City between Paterson Street and Buckle Street/Taranaki Street...

Parties specified under Section 149Q(3) of the RMA now have 20 working days to make comments on minor or technical aspects of the report. More>>

 

Parliament Today:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

Gordon Campbell: On The Non-Apology To Tania Billingsley

The refusal by Prime Minister John Key to issue a personal apology to Tania Billingsley has been accompanied by an array of excuses... Yesterday though, Key’s choice of words indicated that an apology was the last thing on his mind. More>>

ALSO:

Conventions: Winston Peters On The Nation

Winston Peters opens door to standing in East Coast Bays electorate, says it's an "exciting point" and he's thinking about it. "I’ve had a whole lot of people writing to me and calling up and saying ‘why don’t you have a go in East Coast Bays’." More>>

ALSO:

Waitangi Tribunal: Report On The MV Rena

In its interim report, the Waitangi Tribunal has found that the Crown’s conduct in response to the grounding of the MV Rena on Otaiti (Astrolabe) reef breached the principles of the Treaty of Waitangi. More>>

ALSO:

Gaza: Wellington Protest For Palestine Calls For End To Bombing

Around 300 people gathered outside the Israeli Embassy in Wellington on Friday to protest Israel’s occupation of Palestine. More>>

ALSO:

Gordon Campbell: On The Failure To Prosecute The GCSB

So one hand of the state – the Independent Police Conduct Authority – has now washed the hands of its brother agencies, and declared that all hands are clean. Case closed. More>>

ALSO:

Illegal Search: Police Behaviour 'Reminiscent Of Tūhoe Raids'

"Māori will lose further trust and confidence in the New Zealand Police and the Independent Police Conduct Authority (IPCA) if the recent incident in Stratford is not adequately addressed. This behaviour would not occur in Epsom or Khandallah so why should police think that such behaviour was acceptable in Stratford," says Chris McKenzie. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news