Services
Every organisation faces unique challenges throughout the business lifecycle. We understand the factors that govern growth and profitability and can tailor our...
We deliver full advisory service capability to navigate the array of opportunities, complex challenges and risks to help dynamic organisations achieve their...
-
Business valuations
We offer expert valuation advice in transactions, regulatory and administrative matters, and matters subject to dispute – valuing businesses, shares and intangible assets in a wide range of industries.
-
Capital markets
You need corporate finance specialists experienced in international capital markets on your side if you’re buying or selling financial securities.
-
Complex and international services
Our experience of multi-jurisdictional insolvencies coupled with our international reputation allows us to deliver the best possible outcome for all stakeholders.
-
Corporate insolvency
Our corporate investigation and recovery teams can help you manage insolvency situations and facilitate the best outcome.
-
Debt advisory
An optimal funding structure for your organisation presents unprecedented opportunities, but achieving this can be difficult without a trusted advisor.
-
Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
-
Financial models
A sound financial model will help you understand the impact of your decisions before you make them. Talk to us about our user-friendly models.
-
Forensic and investigation services
We provide investigative accounting and litigation support services for commercial, matrimonial, criminal, business valuation and insurance disputes.
-
Independent business review
Is your business viable? Will it remain viable in the future? A thorough independent business review can help your organisation answer these fundamental questions.
-
IT forensics
Effective ESI analysis is integral to the success of your business. Our IT forensics experts have the technical expertise to identify, preserve and interrogate electronic data.
-
Mergers and acquisitions
Grant Thornton provides strategic and execution support for mergers, acquisitions, sales and fundraising.
-
Raising finance
Raising finance - funders value partners who can deliver a robust financial model, a sound business strategy and rigorous planning. We can guide you through the challenges that these transactions can pose and help you build a foundation for long term success once the deal is done.
-
Relationship property services
Grant Thornton offers high quality independent advice on the many financial issues associated with relationship property from considering an individual financial issue to all aspects of a complex settlement.
-
Restructuring and turnaround
Grant Thornton’s restructuring and turnaround service capabilities include cash flow, liquidity management and forecasting; crisis and interim management; financial advisory services to companies and parties in transition and distress
-
Transaction advisory
Our depth of market knowledge will steer you through the transaction process. Grant Thornton’s dynamic teams offer range of financial, commercial and operational expertise.
-
Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
Does your tax bill get the same attention as your cost of sales or salaries and wages? Tax rates might be fixed but the rules and the risks aren't.
-
Corporate tax
Grant Thornton can identify tax issues, risks and opportunities in your organisation and implement strategies to improve your bottom line.
-
Employment tax
Grant Thornton’s advisers can help you with PAYE (payroll tax), Kiwisaver, fringe benefits tax (FBT), student loans, global mobility services, international tax
-
Global mobility services
Our team can help expatriates and their employers deal with tax and employment matters both in New Zealand and overseas. With the correct planning advice, employee allowances and benefits may be structured to avoid double taxation and achieve tax savings.
-
GST
GST has the potential to become a minefield and can be expensive when it goes wrong. Our technical knowledge can help you minimise the negative impact of GST
-
International tax
International tax rules are undergoing their biggest change in a generation. Tax authorities around the world are increasingly vigilant, especially when it comes to global operations.
-
Research and Development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
-
Tax compliance
Our advisers help clients manage the critical issue of compliance across accountancy regulations, corporation law and tax. We also offer business and wealth advisory services, which means we can provide a seamless and tax-effective offering to our clients.
-
Tax governance
Mitigate tax risks and implement best practice governance that will stand up to IRD scrutiny and audits.
-
Transfer pricing
Tax authorities are demanding transparency in international arrangements. We businesses comply with regulations and use transfer pricing as a strategic planning tool.
Our experts have extensive experience in audit and assurance and produce outstanding work for leading New Zealand organisations in both the public and private...
-
Audit methodology
Our five step audit methodology offers a high quality service wherever you are in the world and includes planning, risk assessment, testing internal controls, substantive testing, and concluding and reporting
-
Audit technology
We apply our audit methodology with an integrated set of software tools known as the Voyager suite. Our technology has been developed to produce quality audits that are effective and efficient.
-
Financial reporting advisory
Our financial reporting advisers have the expertise to help you deal with the constantly evolving regulatory environment.
Consulting is a multi-disciplinary team, delivering a range of expertise including internal audit, risk management, IT advisory, project assurance, and...
-
Business architecture
Our business architects help businesses with disruptive conditions, business expansion and competitive challenges; the deployment of your strategy is critical to success.
-
Cloud services
Leverage the cloud to keep your data safe, operate more efficiently, reduce costs and create a better experience for your employees and clients.
-
Internal audit
Our internal audits deliver independent assurance over key controls within your riskiest processes, proving what works and what doesn’t and recommending improvements.
-
IT advisory
Our hands on product experience, extensive functional knowledge and industry insights help clients solve complex IT and technology issues
-
IT privacy and security
IT privacy and security should support your business strategy. Our pragmatic approach focuses on reducing cyber security risks specific to your organisation
-
Payroll assurance
Our specialist payroll assurance team can conduct a review of your payroll system configuration and processes, and then help you and your team to implement any necessary recalculations.
-
PCI DSS
Our information security specialists are approved Qualified Security Assessors (QSAs) that have been qualified by the PCI Security Standards Council to independently assess merchants and service providers.
-
Process improvement
As your organisation grows in size and complexity, processes that were once enabling often become cumbersome and inefficient. To maintain growth, your business must remain flexible, agile and profitable
-
Procurement/supply chain
Procurement and supply chain inputs will often dominate your balance sheet and constantly evolve for organisations to remain competitive and meet changing customer requirements
-
Project assurance
Major programmes and projects expose you to significant financial and reputational risk throughout their life cycle. Don’t let these risks become a reality.
-
Risk management
We understand that growing companies need to establish robust internal controls, and use information technology to effectively mitigate risk.
-
Robotic process automation (RPA)
RPA is emerging as the most sophisticated form of automation used to help businesses become more agile and remain competitive in the face of today’s ongoing digital disruption.
If you're a Chinese investor wanting to explore business opportunities in New Zealand, or a Kiwi business keen to do business in China, our China Services team...
Helping aged care and retirement village operators deliver on their mission and purpose in an increasingly demanding environment.
Our unique offering to the financial services sector may be the catalyst you need to take your business forward, safely and prosperously.
The true measure of society is how it treats its most vulnerable people. Your success is vital to ensuring our country remains a fair and civil one.
Minimise your risk and cost while maximising your returns for the best chance of success in today’s market.
Our public sector team goes beyond expectations so you can too.
Women in business
Stacey Davies
11 Jul 2018
Recommendations for business leaders to increase gender diversity
Stacey Davies
11 Jul 2018
The slow pace of change in gender diversity at a leadership level indicates there needs to be a shift in NZ’s business culture.
We may have a young, female Prime Minister, but in business there is a lack of gender balance in senior leadership. Grant Thornton International’s 2018 Women in Business Report revealed that the female proportion of senior management teams in New Zealand has hit an all time low of 18% since the report began in 2004 (31%), compared to 20% in 2017. What is more discouraging is the marked increase in the number of businesses with no women in senior management roles at 56%, compared to 37% last year and a general sense of complacency creeping in. The public sector has achieved nearly 46% of gender balance, it’s time the private sector upped its game.
Although many businesses adopt gender balancing policies and practices, this does not always lead to or motivate significant change. This month, Minister for Women, Julie Anne Genter, laid down a challenge for the private sector to make progress, indicating that the Government may need to introduce incentives if things don’t improve. For change to happen it needs to be driven from the top; business leaders need to focus on creating an inclusive culture where everyone feels that they are valued and where their voices can be heard.
Some of the major benefits of gender balance in businesses are they can handle the disruption facing every industry, make better decisions and are more resilient. Research Grant Thornton conducted in 2016 revealed that companies with diverse executive Boards offer higher returns on investment compared with those run solely by all-males. The study covered listed companies in India, UK and US and estimates the opportunity cost for companies with male-only executive Boards (in terms of lower returns on assets) at a staggering US$655 billion in 2014.
So how can you increase gender diversity? Here’s 10 recommendations business leaders can adopt:
- Champion the cause: this is the foundation to making inroads to gender diversity. Senior leadership need to take the issue seriously and lead from the top.
- Make diversity and inclusion a core value: organisational values drive behaviour, so it’s important the whole business is signed up to diversity and inclusion. Translating good intentions into practice is an ongoing challenge for businesses.
- Set goals: making gender diversity a core value is not enough in itself; business leaders should set clear goals by which they will measure progress.
- Set up balanced scorecards: they say that what gets measured gets managed, so business leaders should make diversity and inclusion goals part of the leadership team’s compensation packages to encourage change.
- Avoid tokenism: simply putting one woman in the senior management team is not enough to ensure a range of voices is heard, and for the business to reap the rewards of diversity.
- Reduce ‘mini me’ recruitment and promotion: it’s easy for both men and women to inadvertently recruit and promote other men and women. It takes courage from leaders to choose diversity. Providing support to understand why this happens and how it can be avoided will forge a better process. Unconscious bias training can help people at all levels of the business avoid the temptation to hire and promote employees who look, speak and think in the same ways.
- Introduce sponsorship: sponsorship can have a significantly greater impact on gender diversity in leadership than simple mentoring schemes.
- Investigate the benefits: evidence of the commercial gains brought by gender diversity will help convince sceptics of the need for change and provide justification for investment in new initiatives.
- Be comfortable with discomfort: creating an inclusive business environment that supports gender diversity in leadership will not be easy, so leaders need to be in it for the long haul. A key to this is a change in attitudes, then real progress will be seen. A willingness to talk about gender diversity will help drive any change; good leaders will spend time with their employees listening and interacting with them to try and dismantle the barriers to openness and honesty.
- Share your story: business leaders should be open about what is driving change in their own companies and encourage others and help them overcome the complexity of turning theory into action. It can be challenging for business leaders to feel like they can be transparent about internal ways of working, and particularly about mistakes they’ve made. But without this, we are unlikely to see widespread progress.
If in doubt, it always helps to get a fresh perspective about your organisation’s culture by seeking independent expert business advice; a balanced approach is key to exploring opportunities that foster diverse teams that are resilient and collaborative. From exploring your strategic growth options and understanding how to manage risk and opportunity, to getting the best from talent, specialist support can help you thrive in a fast changing business environment.
Also appears under...