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Air New Zealand Annual Financial Results 2015 49
Diversity฀and฀inclusion
Air New Zealand is making strong progress in its diversity and inclusion objectives and continues to be resolutely focused on diversity across its
business. Our diversity objectives remain focused on increasing the representation of female and ethnic minority groups across our organisation
and into leadership positions to ensure they are more reflective of both the populations in which we do business and our customer base. In the
2015 financial year we have expanded our diversity focus to include sexual orientation and young professionals.
Looking to the 2016 financial year, a programme of work has been committed to which includes continuing making progress on the initiatives
commenced in the 2015 financial year and in addition:
•฀ Design฀ and฀ delivery฀ of฀ a฀ specic฀ Women฀ in฀ Leadership฀ Development฀ Programme฀ for฀ women฀ who฀ have฀ been฀ identied฀ as฀ having฀ the฀
potential for more senior leadership positions;
•฀ The฀ launch฀ of฀ a฀ parents’฀ network;
•฀ Further฀ focus฀ and฀ target฀ setting฀ in฀ relation฀ to฀ Maori฀ and฀ Pacic฀ employees;฀ and
•฀ Development฀ of฀ a฀ transition฀ programme฀ of฀ support฀ for฀ those฀ employees฀ nearing฀ retirement.
2013 2014 2015
Number฀ of฀ Directors฀ (female/male)
Number฀ of฀ Executive฀ Team฀ (female/male)
Number฀of฀Senior฀Leadership฀Team฀(female/male)
1/6
1/7
15/52
2/6
1/7
18/51
2/5
1/7
26/54
The full Air New Zealand Diversity and Inclusion Policy can be found at: http://www.airnewzealand.co.nz/corporate-governance-policies.
Differences฀in฀practice฀to฀NZX฀code฀and฀ASX฀recommendations
Under the NZSX and ASX Listing Rules, Air New Zealand is required to disclose in this Annual Report the extent to which its corporate
governance practices materially differ from the principles set out in the NZX Code and the ASX Recommendations. A summary of
Air New Zealand’s corporate governance practices have been provided in the prior pages. Any divergence from the NZX Code and the ASX
Recommendations is explained in the table below.
ASX฀Corporate฀Governance฀Principles
and฀Recommendations
NZX฀Corporate฀Governance
Best฀Practice฀Code
Reason฀for฀not฀following
2.1 The board should establish
a nomination committee.
2.2 Unless constrained by size, an
Issuer should establish a nomination
committee as recommended in
paragraph 3.10.
3.11฀ –฀ 3.12 Composition, charter and review
of nomination committee.
The Board believes that a nomination
committee is not required for
Air New Zealand, as its whole Board
should be (and is) involved in the
selection and appointment process of
any new Board members.
Corporate Governance (continued)