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From one female director in 2011 when Justine Smyth (left) joined, there are now four on the Spark board, including CEO Jolie Hodson. The fact both our female chair (Justine Smyth) and female CEO (Jolie Hodson) are at the same company, telco Spark, is no coincidence. Norway’s GDP per capita was $US82,000 in 2018. In Norway, women make up 43 percent of all board chairs, the Egon Zehnder report says. That compares badly with other countries, particularly countries where there are mandatory quotas.
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Just over 40 percent of directors are women, but we have just one female chair and just one female chief executive. Newsroom had a look at the board make-up of our top 10 listed companies. The Egon Zehnder report called us a “bright spot”.īut before we get too smug, it’s worth noting we put women on boards, but we don’t put them in charge. And two thirds of new directors (ones that have joined the board since the 2018 report) are women. More than 40 percent of board members of our biggest listed companies are women - that’s against an average of 23.3 percent. We have realised we have an obligation to create a better world for our employees, for our companies, for our kids.” Whether a wider conversation around diversity at the board table actually leads to wider representation remains to be seen.Ĭheeringly, New Zealand comes out well in terms of male:female diversity. “I think we all saw what happened a few months ago as our wake-up call. The killing of George Floyd in the US in May this year expanded the conversation around diversity, including in corporate leadership, says Enrique Lores, the Spanish-born CEO of US-based tech giant HP Inc, in the report. Only 15 out of 350 directors holding the chair or CEO role are non-white. “As of early 2020, 37 percent of the FTSE 100 companies did not have any such representation, and just 54 of those 250 companies had reached that goal.” “In the UK, the Parker Review Committee, a non-profit executive group, set a target for FTSE 100 companies to have at least one non-white director by 2021, and for the FTSE 250 to do the same by 2024, It’s less easy to get figures on this one - some countries have regulations prohibiting identification by race and ethnicity. But where figures exist, representation is woeful, the report says. The picture with racial and ethnic diversity is worse. And 25 countries, including China, Brazil, Germany and the US, are still home to large companies with no women on the board. The percentage of major companies with at least one woman on the board has increased from 85 percent to 89 percent.īut of course that means more than one in 10 of the world’s biggest companies don’t have a single female director. In 2018, 20.4 percent of directors were women two years later it’s 23.3 percent. But rejoice not, progress is pretty glacial. Overall, there has been improvement in the number of women on boards since the last report, two years ago. (The latter statistic may also be a function of scandalously inadequate data, the report says.) Out of 1700 big companies in 44 countries, women make up just 2.1 percent of board chairs. Or that just 24 out of 5000 directors openly identify as LGBTQ+. It’s also interesting, and a tad depressing.ĭepressing, for example, when you see that out of the 1700 big companies in 44 countries surveyed, women make up only 2.1 percent of the chairs of boards of directors. Videos, profiles, charts that pop up - and down. The latest Global Board Diversity Tracker, put out for the last 16 years by executive search company Egon Zehnder, is a beacon of interactive excellence. I thought we had reached a pinnacle of user-friendliness in 2018 when then new Reserve Bank governor Adrian Orr introduced cutesy pictures into his monetary policy statement. They don't make reports like they used to - dull as ditchwater. But a new report shows there's a long way to go. How Spark's chair Justine Smyth is teaching the world a few lessons about achieving diversity in the boardroom. Comment Moving boards beyond token diversity