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

Gordon Campbell:
On Pharmac, Gough Whitlam And Sleater-Kinney

Ridiculous reported comments on RNZ this morning by Trade Minister Tim Groser, as he sought to dampen down concerns about the leaked draft of the IP chapter of ther Trans Pacific Partnership negotiations. According to Groser, ‘extreme’ positions are common at the outset of negotiations, and these get whittled down over the course of negotiations. Fine.

Except that we’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations.

Still, Groser did promise that the cost of medicines would not rise as a result of the TPP trade deal. Great. But this is not what politicians in other countries are saying. More>>

.

 
 

Parliament Today:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Tertiary Education: Students Doing It Tough As Fees Rise Again

The Government is making it increasingly difficult for Kiwis to gain tertiary education as fees continue to rise and access to student support becomes even more restricted, Labour’s Tertiary Education spokesperson Chris Hipkins says. More>>

ALSO:

Housing, Iraq: PM Press Conference – 20 October 2014

Prime Minister John Key met with press today to discuss:
• Housing prices and redevelopment in Auckland
• Discussions with Tony Abbott on the governmental response to ISIS, and New Zealand’s election to the UN Security Council More>>

ALSO:

Labour: Review Team Named, Leadership Campaign Starts

Labour’s New Zealand Council has appointed Bryan Gould as Convenor of its post-General Election Review. He will be joined on the Review Team by Hon Margaret Wilson, Stacey Morrison and Brian Corban.

ALSO:

Roy Morgan Poll: National Slips, Labour Hits Lows

The first New Zealand Roy Morgan Poll since the NZ Election shows National 43.5% (down 3.54% since the September 20 Election). This isn’t unusual, National support has dropped after each of John Key’s Election victories... However, support for the main opposition Labour Party has crashed to 22.5% (down 2.63% and the lowest support for Labour since the 1914 NZ Election as United Labour). More>>

ALSO:

In On First Round: New Zealand Wins Security Council Seat

Prime Minister John Key has welcomed New Zealand securing a place on the United Nations Security Council for the 2015-16 term. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news