Please note, you may experience issues verifying your identity when completing online forms. Our team is working to get things running smoothly. Apologies for the inconvenience.
Show morePlease note: this is a summary only and does not contain the full details which are contained in the Rest Board Diversity Policy (Policy).
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 objectives of the Policy include to:
The Policy expressly addresses diversity of gender. Diversity of skills is covered in the Fit and Proper Policy, Board Governance Policy and 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.
In the application of the Policy the Board must give priority to:
Diversity of gender is a consideration for any Board appointment. Candidates must be nominated according to the representational requirements as set out in the Rest Constitution. In seeking nominations according to those requirements, nominating entities will be requested to have regard to the Rest Board Diversity Policy.
The Rest Board had set:
Rest exceeds the minimum threshold for female representation on the Board of 40% as outlined in the Board Diversity Policy (with female Board representation currently sitting at 44%).
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.
The key aspects of the Policy and the implementation of it will be included in the annual report to members.