GENDER REPORTING BY JSE LISTED COMPANIES AWARD
As from January 2017 the board of directors or the nomination committee of all JSE Listed companies, as the case may be, must have a policy on the promotion of gender diversity at board level.
The company is required to report to shareholders in its annual report on how the board of directors or the nomination committee, as the case may be, have considered and applied the policy of gender diversity in the nomination and appointment of directors. If applicable, the board of directors or the nomination committee must further report progress in respect thereof on agreed voluntary targets.
This award is to recognise and acknowledge companies that have embraced both the spirit and the letter of this new listing requirement. It also recognises organisations reporting on pipeline development and further recognises whether or not the organisation has made reference to gender or gender policies in the previous year’s reports.
At the same time the award recognises that many organisations report on “transformation” or “diversity and inclusion” which may include racial, gender and other transformation issues.
This is acknowledged that, like many of the other categories in the awards, the criteria for a winning award this year would naturally be set slightly lower than what would be expected in the following years as organisations get to grip with this new focus in their reporting requirements.
In 2017 the organisers reserve the right to “recognise” an organisation or organisations and not bestow an award as such.
This is currently the only award where nominations are actively sought by the awards’ organisers. Organisations are of course welcome to apply to be included in this category.
|Category of Award||Aspects Adjudicated Upon||Weighting||What Information Needs to be Furnished||Criteria being applied in measurement|
|Gender Reporting by JSE Listed Companies Award||Design and Innovation||30||Detailed Overview of the manner in which the policy was formulated.||
Was there a policy in place prior to the JSE listing requirements? Who was consulted in the formulation of the policy? What external factors influenced the policy?
|Management||10||How is the policy and the reporting criteria going to be managed in the future?||
Who is involved in the implementation of the policy and the subsequent reporting? Who is ultimately responsible for the policy and subsequent reporting?
|Communication||10||How is the policy conveyed?||
Which medium is going to be used to report the policy? How detailed is the reporting? Is the policy going to be communicated more often than annually?
|Return on Investment / Business (Economic) Impact||40||What is the expected impact of the policy and subsequent reporting?||
How does the company perceive the contribution that the reporting will have on the sustainability and efficiency of the company?
|Gender Targets (Broad Base)||10||
Who the beneficiaries of the policy and subsequent reporting, both short and long term?
|Number of people that the policy and subsequent reporting will impact on.|