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Gender diversity on the agenda for 2012
In September 2011, the NZX (New Zealand Exchange) publicly announced its intention to follow the ASX (Australian Securities Exchange) lead by changing its rules so that listed companies would have to disclose gender diversity targets and results for Board and senior management roles.
Recent reports from Australia show this initiative has already had a positive impact on the number of women appointed to Boards. In December, seven women took up positions on the boards of ASX200 companies while five women were appointed to ASX50 company boards. Forty percent of new appointments have seen women now represent 19% of all ASX50 directors.
Another initiative across the ditch is Male Champions for Change, a group of men in influential business positions who understand the benefits of boardroom diversity in productivity gains and business success. They have set out to get women's representation in leadership onto the national business agenda.
We look forward to 2012 being the year we see companies like NZX take a strong lead on increasing diversity in New Zealand board rooms and in senior management.
In September 2011, the NZX (New Zealand Exchange) publicly announced its intention to follow the ASX (Australian Securities Exchange) lead by changing its rules so that listed companies would have to disclose gender diversity targets and results for Board and senior management roles.