Magazine article New Zealand Management

Just One Basket

Magazine article New Zealand Management

Just One Basket

Article excerpt

YOU wouldn't put all your eggs in one basket would you? Or at least, if you did then you would be well aware, and no doubt often reminded, of the risk you were taking.

Why then are we happy to take this approach when it comes to the make-up of the country's boards of directors?

It is important to note at this early stage that I am talking about the risks involved in ignoring diversity and options for your egg delivery, not the eggs themselves, bear with me on this.

It can be so much easier to stick to tried and trusted habits but how do things grow, evolve and progress under this model? Being challenged (which is a likely result of increased diversity) can be uncomfortable and difficult but isn't it true that a more robust outcome usually emerges?

In this issue we take a look at the composition of New Zealand boards and find a worrying lack of diversity. …

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