Research makes is increasingly clear that companies with more diverse workforces perform better financially. McKinsey's latest findings reveal that companies in the top quarter for gender or ethnic diversity are more likely to have financial returns above their national industry medians. More diverse companies are better able to win top talent and improve their customer orientation, employee satisfaction, and decision making, which leads to a virtuous cycle of increasing returns.
Treasury has recently been acknowledged for their diversity and inclusion work at the annual Institute of Public Administration New Zealand (IPANZ) Public Sector Excellence Awards, which recognises organisations that are leading the drive for a diverse workforce, representative of all New Zealanders.
In parallel, Infrastructure NZ has recently launched the Women's Infrastructure Network (WIN) to address the paucity of women in the infrastructure sector, and grow both the visibility of women and the number of women in leadership roles. An Advisory Board was established to guide the direction of the network, whose first action was to carry out a membership survey to identify whether there was an issue with diversity in the infrastructure sector, and most importantly, whether there was a need for a network such as WIN. The responses confirmed support for the group and more importantly, confirmed that diversity was seen as an extremely positive contributor to the overall success of business.
Join us to hear Gabriel Makhlouf, Chief Executive of The Treasury speak on the importance of diversity of thought for both Treasury and New Zealand. The results of the Diversity Survey will be launched, and a panel discussion moderated by Margaret Devlin, Chair of the WIN Advisory Board, together with Gabriel Makhlouf, John Rae and Nicki Crauford will debate the benefits and challenges of growing diversity in the infrastructure sector. Networking and refreshments will follow.