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

 

Departure Speech: Governor-General’s State Farewell Luncheon

"...Unfortunately I was unable to get to the Antarctic, the Chatham Islands and the Kermadecs. A dicky heart thwarted our travel to the Antarctic; and even though I volunteered to parachute into the Kermadecs to join the Young Blake expedition, time, commitments and officials frustrated my plans to visit the Kermadecs and Chathams." More>>

ALSO:

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Politics
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news