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

 


Gender quotas should be a last resort

Gender quotas should be a last resort

The Institute of Directors in New Zealand (IoD), says introducing gender quotas is not the best solution to increase the number of women directors on New Zealand boards.

IoD Chief Executive Dr William Whittaker said the IoD will not discount gender quotas, but considered such measures “The IoD promotes diversity in all its forms, but would like to see voluntary practices. There are better ways to increase women’s representation on boards than introducing quotas.”

Dr Whittaker said that while the number of women on New Zealand boards needed to continue to increase, progress was already occurring and this trend would continue to grow naturally.

“The IoD expects the number of women on boards to grow at a faster rate due to greater awareness of the issue and the impact of initiatives that are already in place to further increase representation by women on boards.”

There is greater understanding that improving board diversity isn’t just about equality, but about how board diversity actually helps improve board performance, particularly bottom-line financial performance.

The IoD, supported by the Global Network of Director Institutes, which represents over 100,000 directors worldwide does not support legislating for quota systems.

“Introducing quota regimes has tended to force boards to appoint women who are not necessarily the best candidates, and evidence from overseas has not proved conclusively that putting quantitative requirements in place results in better organisational performance.

In fact, there is an emerging body of evidence that suggests that some ompanies have adopted a very cynical approach to the quota system.”

Dr Whittaker said many women directors also thought quotas were not the best option as they believed they should be appointed on merit and not because of a quota.

The GNDI prefers the following measures:

• Board nomination or governance committees can set a good example through their commitment to diversity

• Companies should develop their own diversity policies and report to shareholders on progress against them

• Companies should consider their executive talent management programmes and integrate principles and practice

• Boards should widen their approach when making appointments to non-executive positions. The evidence available indicates that the female talent pool is deepening, e.g. women graduates

• Board evaluation should be used to assist in the development of more diverse boards.

Several initiatives are under way to increase the number of women at board room level in New Zealand, including the IoD’s Mentoring for Diversity programme, which had already produced solid results with several women who had been mentees now appointed to New Zealand boards.

“It’s the IoD’s hope and expectation that the number of women board members will continue to increase and we will be playing an active role in making sure this happens.”

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news