NZX
25/02/2015 09:09
GENERAL
NOT PRICE SENSITIVE
REL: 0909 HRS NZX Limited
GENERAL: NZX: Updated gender diversity guidance note published
NZX today published a revised guidance note on gender diversity reporting by
listed issuers. The guidance is intended to provide issuers listed on the
NZX Main Board with assistance in determining how to report the quantitative
breakdown of the gender composition of directors and officers in the annual
report.
The guidance is also designed to assist issuers who wish to develop and
implement their own gender diversity policies and related measures, and sets
out some suggestions as to the content of a diversity policy and examples of
measurable objectives that issuers may wish to set for themselves to measure
their progress against their diversity policy.
The guidance note has been updated to reflect the class ruling that was
released today. That ruling clarifies that issuers must, at a minimum, report
the number of male and female Directors and Officers at balance date, and not
only disclose this information on a proportionate basis.
Under Listing Rule 10.4.5(j) NZX Main Board listed issuers are required to
include in their annual report quantitative data on the gender breakdown of
Directors and Officers at the financial year end, including comparative
figures for the prior financial year end. The policy behind the rule is to
provide information to allow investors to maintain an informed view of
diversity as a factor relevant to an Issuer's expected performance.
Gender diversity statistics are calculated and reported by NZX quarterly and
annually. A list of those reports is available at:
https://www.nzx.com/regulation/NZXO/announcements
The guidance note is available at:
https://www.nzx.com/regulation/listing-rule-guidance
For further information please contact:
Kate McLaughlin
Corporate Communications
T: 09 309 3654
M: 027 533 4529
E: [email protected]
End CA:00261110 For:NZX Type:GENERAL Time:2015-02-25 09:09:08
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