The Rest Board recognises that people from diverse backgrounds bring different skills, knowledge and experiences that assist in decision making in the best financial interests of Rest members. Accordingly, the Board is committed to promoting a culture that actively values those differences. The Board believes that diversity on the Board is an important part of promoting that culture.
The Board Policy for gender diversity is 40:40:20. This refers to 40% men, 40% women, 20% of any gender. The Board also considers that cultural diversity is important. Diversity of competencies is covered in the Fit and Proper Policy, the Board Governance Policy, and the Rest Learning and Development Policy.
The Board Governance Policy also includes diversity within a range of factors that are relevant to the selection, appointment, re-appointment and removal of Directors.
Training and awareness
The Rest Board will support its Directors receiving training on their obligations in relation to the Policy. Directors also have obligations under the Rest Learning and Development Policy to complete at least 20 hours of training per calendar year, of which a minimum of 15 hours must be formal training.
Reporting
The key aspects of the Policy and the implementation of it will be included in the annual report to members.
