The Government recognises and supports the benefits of improved gender balance on boards.
Government's state sector goal
The Government has committed to increasing women’s participation to 45 percent on state sector boards and committees. As at 20 December 2016, 45.3 percent of Ministerial appointees to state sector boards were women.
The Ministry monitors the gender of appointees to state sector boards and committees. A report is prepared annually. The data is available by responsible adminstering department and the name of the board or committee.
Government's private sector goal
The Government's goal is for an increase in women's participation on private boads and leadership. Despite a strong and growing body of evidence to suggest that gender diversity is of direct benefit to business performance, women are under-represented in senior management and on boards. In 2015 women's participation on private sector boards was 17 percent. Women held 20 percent of senior management positions.
Increasing momentum for gender diversity
Gender diversity is being actively championed in the private sector by many organisations including, the Institute of Directors in New Zealand, the New Zealand Shareholders Association, Global Women, and NZX.
Increasing momentum for gender diversity” section. Second paragraph to read: “NZX operates New Zealand’s stock market. NZX revised its gender diversity listing rule, approved by the Financial Markets Authority, in 2016. It now requires all NZX-listed companies to have a gender diversity ruling, with measurable objectives, and report against this annually.