Board gender diversity HR code unveiled

Last updated 08:30 29/11/2012

Relevant offers

National business

Inside New Zealand's mysterious fuel price plunge NotPetya cyber attack fallout spreads to NZ freight company after port hit British mini-mart in Christchurch takes on food giant Sanitarium over Weetabix 'Bold' new plan to fix Wellington’s housing issues could see intensification in suburbs Chart of the day: Which age groups are coming to Invercargill? Jaguar's XE SV Project 8 can roar Auckland couple pay $85,000 for 11sqm of land after fence hostilities Dropping hydro lake levels could see wholesale power prices rise Gareth Morgan wants to charge bottlers and farmers for water Calves found suckling on killed cow

Diversity advocate group 25 Percent Group has launched a voluntary HR code of practice aimed at lifting female representation on boards and at senior executive level.

25 Percent Group convenor, and chief executive of Goldman Sachs New Zealand, Andrew Barclay said the 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.

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 per cent. It 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 women make up 14.75 per cent of directorships of the country's top 100 listed companies, up from 9.3 per cent in 2010.

The HR firms that have signed up are: Heidrick & Struggles, Hobson Leavy, John Peebles & Associates, Kerridge & Partners, Propero Consulting Limited and Sheffield.

Ad Feedback

- BusinessDay.co.nz

Comments

Special offers

Featured Promotions

Sponsored Content