Board gender diversity HR code unveiled

Last updated 08:30 29/11/2012

Relevant offers

National business

Property investors borrow $1.8 billion in April Southern Cross spent $800 million on claims Stockton mine job losses confirmed Eastgate mall in Christchurch is lacking shops that attract blokes Kiwi lifestyle holding NZ back productivity Bank of India opens Waikato branch Sir Owen Glenn appoints John Banks to help run Warriors league trust $3.4 million payout to Pike River families 'lawful and reasonable' - lawyer Alcohol delivery service vows to be back in business soon 2degrees mulls expansion into TV market despite big loss

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