13 March 2012
For the sixth year in a row, National Australia Bank (NAB) has been recognised as an Employer of Choice for Women (EOCFW) by the Equal Opportunity for Women in the Workplace Agency (EOWA).
NAB Group CEO, Cameron Clyne said he was delighted with the EOWA recognition and the strong progress NAB is making towards meeting its gender targets.
“This is fantastic recognition of the hard work we’re doing to achieve gender equity in the workplace. At NAB we’re building significant momentum on our diversity and inclusion agenda, with a strong focus on gender, age and flexibility.
“We believe that in order to really achieve our goals, we have to challenge the status quo. We need to make sure our workforce is representative of our customers and communities. It’s good for our people and good for our business.” Cameron said.
Since setting the targets in 20101 NAB has:
- Increased the proportion of NAB Group subsidiary boards positions held by women from 14% to 22%. The target is to raise this to 30% by 2015
- Increased the number of women in executive management (the top three layers of NAB) from 23% to 28%. The target is to raise this to 33% by 2015
- Strengthened its talent pipeline and graduate intake:
- 42% of the graduates who accepted positions in NAB’s 2012 graduate program were women, compared with 40% for the 2011 program
- 47% of the Australian talent development program participants were women in 2011, up from 40% in 2010
NAB’s target is to create a 50/50 gender balance for its graduate intake and talent programs.
NAB has also set a target to increase the number of female non-executive directors on the NAB Board, as vacancies and circumstances allow, with the aim of achieving a representation of at least 30%. The proportion of female non-executive directors currently on the Board is 18%.
“Targets are important but it’s having the right programs, policies and people that are important to driving change. Our focus is on all levels of the organisation, from graduates to senior managers and Board members, to create lasting change” said Cameron.
Sharna Rhys-Jones M: +61 (0) 417 028 942
Kirsten McLennan M: +61 (0) 457 529 092
1: Source: 2011 NAB Annual Review