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

 


Lack of female quota culture harming company performance

Lack of female quota culture harming company performance

April 14, 2014

New Zealand’s low proportion of female board members on large listed companies is solidifying the glass ceiling for women, a University of Canterbury gender quality expert says.

The 2012 New Zealand Human Rights Commission census of women’s participation report found women held a mere 14.75 percent of private sector New Zealand Stock Exchange (NZX) 100 directorships.

Statistics recently released by the NZX for 109 listed companies indicate this percentage may have declined slightly, with just 12 percent of directors being women.

Canterbury Associate Professor Annick Masselot says that New Zealand approach lacks positive measure such as a quota aimed at getting more women onto private sector boards.

``By contrast, in the public sector, where government has actively appointed women, a total of 40.5 percent of ministerial appointees to state sector boards and committees are women.

``The introduction of quotas in New Zealand is a taboo topic. It has been argued that women do not want these jobs, are not qualified, nor experienced enough to be on company boards and that possibly such positions are incompatible with motherhood.

``However, gender quotas do not automatically imply that a female applicant can be appointed to a position over a more qualified experienced male applicant. Most of the New Zealand knee jerk criticism of quotas is based on the idea of a man-ban. In reality and counter intuitively, it is the status quo that is actually working against meritocracy.

``New Zealand has legal basis for taking action and moving forwards in this area. There are also examples abroad of various ways of applying gender quotas in company boards, ranging from hard legislative measure with sanctions like Norway to soft self-regulation as in Australia.

``So why should we care if New Zealand ever gets over its fear of gender quota? The global financial crisis arguably caused by the actions of some very white male boards of directors has had an impact on all people, not just on men.

``New Zealand is losing out on some talented women. Gender quotas are becoming more common in Europe but also in Australia and even in Asian countries such as India and Malaysia. These countries are making the most of the talent pool.

``The literature provides an element of support for gender quotas, with several studies finding that having women on boards leads to an improvement in financial metrics compared to companies with no female board members.

``Women represent over 60 percent of graduated students in New Zealand universities. A Westpac survey this year found 55 per cent of women aged 19 to 29 aspire to be a general manager, head of division or a chief executive which shows that there is an apparent desire by women to reach high positions in their chosen field of employment.’’

Associate Professor Masselot is conducting a comparative study on corporate quotas across the European Union, Asia, Australia and New Zealand.

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On The Inquiry Into One Case Of Dirty Politics

Suddenly, we’re awash in inquiries and reviews. (It feels almost as if the Greens won the last election.) Caught out by the damning inquiry by SIS Inspector-General Cheryl Gwyn, the government’s response yesterday was utterly in character – it released two other major reports at the same time to try and distract public attention...

Inquiries are supposed to re-assure the public. What these inquiry outcomes share in common is a government culture of zero responsibility. More>>

IGIS: Statement On Early Report Release

As the Inspector-General stated at the release of the report yesterday morning, she is examining what steps to take over the early disclosure of information from the report... Ms Gwyn said that she was aware of Mr Goff's subsequent statements that he had disclosed some information concerning findings in the report. She will be seeking further information from Mr Goff and others. More>>

ALSO:

IGIS ON SIS:

 
 

Parliament Today:

Temporary Release Crackdown Continues: Corrections Review Of Phillip Smith Case

“The review by Corrections’ Chief Custodial Officer reveals that the plan for Smith’s series of temporary releases was overly ambitious and misinformed. He’s a highly manipulative and deceptive person who although technically eligible, should not have been considered for temporary release." More>>

ALSO:

White Ribbon Day: Govt Resumes Sexual Violence Trial Proceedings Work

Justice Minister Amy Adams has asked the Law Commission to resume work on proposals for better supporting victims of sexual violence through the criminal process. The Law Commission will revisit its previous work on alternative pre-trial and trial processes to identify options for improving complainants’ experience in court. More>>

ALSO:

"New Faces, Wise Heads": Andrew Little Announces New Labour Line Up

Labour Leader Andrew Little today announced a bold new caucus line up which brings forward new talent and draws on the party’s depth of experience. More>>

ALSO:

Gordon Campbell: On Rick Ellis As Te Papa’s New CEO

The recent appointment of former TVNZ boss Rick Ellis to head Te Papa has copped a fair bit of criticism. Much of it has been inspired by the suspicion that Ellis has been hired to pursue the same purely commercial goals as he did at TVNZ, while similarly neglecting the serious cultural side of his mandate. More>>

Passport Cancellation, Surveillance: Draft 'Foreign Fighters Legislation' Released

The final draft of the Countering Terrorist Fighters Legislation Bill contains proposals previously announced by Mr Key in a major national security speech earlier this month. More>>

ALSO:

Related

Joint Statement: Establishment Of NZ-China Strategic Partnership

At the invitation of Governor-General Lt Gen The Rt Hon Sir Jerry Mateparae and Prime Minister The Rt Hon John Key of New Zealand, President Xi Jinping of the People’s Republic of China made a state visit to New Zealand from 19 to 21 November 2014... More>>

ALSO:

Savings Targets: Health Procurement Plan Changes Direction

Next steps in implementing DHB shared services programme Health Minister Jonathan Coleman says the Government has agreed to explore a proposal put forward by DHBs to move implementation of the shared services programme to a DHB-owned vehicle. More>>

ALSO:

More on Health Policy:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news