Board gender diversity HR code unveiled

Last updated 08:30 29/11/2012

Relevant offers

National business

Auckland quality of life 3rd best in world: Mercer RBNZ staff lose jobs amid restructure A dollhouse to encourage more girls into engineering Construction tails off in final quarter of 2014 Trapped forestry worker dies Government proposal looks at cellphone antenna consent What's in ASB's name change? Spark sells Telecom Rentals for $106m The man behind George Clooney's rise $10,000 offered to catch an arsonist

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