Women In The News
Tuesday, 28 June, 2016
Vincents’ record number of female leadership promotions shatters accounting glass ceiling
Five office mid-tier firm Vincents has welcomed four new directors into their leadership team - with 3 out of these 4 promotions going to women and boosting female representation at the highest echelons of the accounting profession.
Women's Network Australia's, Founder and Managing Director, Lynette Palmen AM applaudes Vincent's on developing a level playing field that includes the talent, skill and knowledge of all employees. "The appointment of these 3 outstanding candidates to director level sends a clear message to the financial sector that excluding half of your workforce from the senior ranks of business is no longer acceptable or a sound business decision."
Katrina Brennan & Rebecca Macdonald from Business Advisory will join Carolyn Rosetta-Walsh from Audit & Assurance as directors effective on 1 July, 2016.
Ms Brennan joined Vincents in 2003 and yields over 18 years’ experience in Business Advisory strategies. Over the last few years Ms Brennan has devoted a considerable amount of time building the firm’s presence in the Moreton Bay and Sunshine Coast regions.
From one coast to another we find Ms Macdonald – who joined Vincents in 2008 as part of a merger with Pitcher Partners Brisbane and in recent years has established and led the Business Advisory presence in the Gold Coast regions.
Ms Rosetta-Walsh joined the Vincents team more recently as part of the firm’s rapidly expanding audit presence across Australia and holds over 13 years’ assurance and advisory experience. Prior to Vincents, Ms Rosetta-Walsh was a Client Manager at Deloitte and her accolades include the Deloitte Business Woman of the Year Award.
These promotions are the equivalent of one of the Big 4 awarding 75% of their annual top level promotions to females - certainly shining a bright light for the mid-tier firm and its board, who are passionate about seeing more women reach leadership positions.
Being in the practice of accounting it is pleasing to see that the numbers support this encouraging move across all levels. As evidenced in the 2015 report submitted to the Workplace Gender Equality Agency, approximately 40% of Vincents’ new recruits were female as well as women receiving a fantastic 60% of available promotions within the firm.
Managing director David Rose said these promotions reflect the continued success of Vincents as a whole as well as the firm’s efforts to increase diversity amongst the leadership team.
“As a director it is satisfying to watch our staff members grow and develop in our backyard,” Mr Rose said. “It’s a vital part of the firms’ past and future success … and one that we are delighted to share with the community. We have always had a strong female presence with 57% of our current Managerial positions being held by females, but these appointments move up to the next level by significantly increasing our Boards’ female representation.”
“Attaining a high level of gender diversity is a paramount business consideration at Vincents and this year’s strong contingent of female promotions really demonstrates the success of the range of initiatives we have put in place - including gender remuneration gap analysis, paid parental leave and flexible working arrangements to support employees with family and caring responsibilities”.