Thursday, April 25, 2019

Where to go in 2019: The Lindis on New Zealands South Isla

Withgreat fanfarein October 2016, BHP chief executiveannounced the minersaspirational goalfor 50 per cent of his employees to, by 2025, be women. He might as well have laid out a roadmap for replacing his ore volumes with Play-Doh.

Dont get us wrong, a target is admirable and necessary, and BHP already exceeds it in the companys professional functions (back in 2016 the fairer sex accounted for 77 per cent of clerical roles, so those booking limousines and fetching lattes for the dudes). But to make even a qualified promise that the sun-starved workforce of its Peruvian zinc mine (according to the latest World Bank data, only 9.1 per cent of workers in Perus industrials are female; and thats principally in above-ground manufacturing!) will soon be teeming with sheilas is utterly laughable. The prospects of parity in the Pilbara are equally, regrettably ludicrous. We repeat our desire to be proven wrong.

BHPs FY18 annual report lobbed on September 18 disclosed the Big Australians smallish female workforce as now 21.7 per cent of its 27,杭州西湖阁476-strong workforce. Funny then, that the same document referred to BHPs more than 62,000 employees (a number clearly padded lavishly by contractors).

In the dying months of his tenure, CEO Andrew MacKenzie is hardly bearing down on this particular KPI.AAP

Anyhow, BHPs percentage of women in its workforce has merely crawled north from 20.1 per cent the year before. Thats an annual growth rate of 1.6 per cent. In the dying months of his tenure, the CEO is hardly bearing down on this particular KPI. At its current rate of growth, it will take until 2035, another 18 years, for BHP to reach Mackenzies grand vision of 50/50.

Which is hardly his problem, the Scotsman now aping WestpacsGailCleopatraKelly, grandly saving the world by hanging dreamy millstones around a successors neck.

The nearly catatonic and brilliantly silent CEO of Australias oldest bank,Brian Hartzer, has not only stuck with Cleopatras ambitious promise that 50 per cent of Westpacs leaders would be women by 2017, hes evenpretended to meet itbychanging the definitionof what a leader is. And Naples is now the cleanest city in the world because trash that smells bad isnt counted as rotting garbage.

Westpac claimed in October 2017 that 50 per cent of its leaders were women. Yet it reported, compulsorily to the Commonwealth, that only 39.31 per cent of its leaders are women, up from 38.6 per cent the previous year.

Busted sanctioning this really grubby case study in insincerity (funded by nearly $100 billion of shareholder equity), Hartzers entitled indignance revealed so much about why this newspaper, and this column included, was wrong to defend the financial services industry fromKenneth Haynesgimlet eye. Were sorry. If only more of them were.

Westpacs Gail Cleopatra Kelly grandly saved the world by hanging dreamy millstones around her successors neck.Nic Walker

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