DGL

The board of listed company DGL Group, whose chief executive Simon Henry is reported to have referred to My Food Bag co-founder Nadia Lim as a "bit of ...

Directors need to be mindful about the way they present their views and making inappropriate comments can have other ramifications, including negatively affecting their brand reputation, and may have trickle down effects in terms of workplace culture within the company or organisation." "This applies to boardrooms, workplaces and elsewhere. He should keep his views to himself, and wallow in them. So the comments made about her are just derogatory and barbarian. "Having seen those comments yesterday I raised it with our responsible investment strategist Holly Marshall and she took a good look at the company. I mean, you know when you (sic) got a TV celebrity showing off her sensuality to hock scrip, then you know you're in trouble. The top has no buttons. "The CEO is entitled to his views, but not in his role as the head of a public company. "I think it would be hard to explain to them why you would be investing in a company where the CEO thinks in that manner around women." "If it was a larger company and we had a shareholding we would normally push for change rather than seek to exclude but we found the comments so abhorrent that we felt this was the most effective and quickest course of action." Kiwi Wealth did not own shares in the company so it had not had to make an active divestment of the company. You know you're in trouble.

The chemical company has been added to Kiwi Wealth's list of businesses it won't invest in.

He said she was “showing some cleavage” and showing off her sensuality to sell “scrip”.

It says the board must include directors of different ages, ethnicities and backgrounds, and that diversity is a key strategic asset, and focus, of the company. She said it was “abysmal” that Henry had been critical of Lim on the basis of gender and race. McKinnon said it was particularly concerned with the governance of DGL and would be unlikely to invest in the company until it had a new chief executive. The comments flew in the face of NZSA’s policy on board composition, which included core thought and social diversity as a foundation for improving the quality of corporate governance in New Zealand, he said. Earlier on Thursday Kiwi Wealth chief executive Rhiannon McKinnon said it was in the process of adding DGL to its exclusions list in response to Henry’s “derogatory comments”. Rich-lister and DGL chief executive Simon Henry told NBR that a photo of Lim in My Food Bag’s prospectus was “a little bit of Eurasian fluff”. He said she was “showing some cleavage” and showing off her sensuality to sell “scrip”.