For example, in succession planning at Millers Oils we always look at balance and women coming up through operations and sales. Millers is completely gender blind so it’s about the person being right for the job. We have a formal process for developing talent, male and female, and are close to having a pipeline of women for the board. I have worked with very few boards that had a stated purpose for developing female talent.
Lauder: We know a more diverse workforce is safer, more profitable, innovative and creative. So why are companies with a stated purpose so rare?
Ward: Many businesses are not yet convinced. Only about 10 percent of smaller, owner-managed firms understand the commercial benefits of more diverse teams. I have some sympathy here because owner-managers of small manufacturers have so many demands on them – looking after their staff, keeping good people, recruiting the right people, up-skilling teams, leveraging automation and so on. Diversity is absolutely a priority but not actively acknowledged.
