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 and the Board Governance 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 Fit & Proper Policy to complete at least 20 hours of training per calendar year.
Reporting
The key aspects of Rest's policies on board diversity and the implementation of them will be included in the annual report to members.
