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    BVS   AU000000BVS9

BRAVURA SOLUTIONS LIMITED

(BVS)
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Bravura : Workplace Gender Equality Agency (WGEA) Report Opens in new window

08/19/2021 EST

2020 - 21 Compliance Program

Submitted by:

Bravura Solutions Operations Pty Limited (ABN:15111148826)

Finocomp Pty Ltd (ABN:57605149844)

Midwinter Financial Services Pty Ltd (ABN:22121020620)

InvestmentLink Pty Ltd (ABN:65062979631)

#Workplace overview

Policies and strategies

  1. Do you have a formal policy and/or formal strategy in place that specifically supports gender equality in the following areas?

…Recruitment

…Yes

…Retention

…Yes

…Performance management processes

…Yes

…Promotions

…Yes

…Talent identification/identification of high potentials

…Yes

…Succession planning

…Yes

…Training and development

…Yes

…Key performance indicators for managers relating to gender equality

…Yes

Yes(Select all that apply)

Policy

Strategy

Yes(Select all that apply)

Strategy

Yes(Select all that apply)

Strategy

Yes(Select all that apply)

Strategy

Yes(Select all that apply)

Strategy

Yes(Select all that apply)

Strategy

Yes(Select all that apply)

Policy

Strategy

Yes(Select all that apply)

Strategy

  1. Do you have formal policy and/or formal strategy in place that support gender equality overall? Yes(Select all that apply)

…Yes

Policy

Strategy

  1. If your organisation would like to provide additional information relating to your gender equality policies and strategies, please do so below.

As one of Bravura's core values, embracing diversity and supporting gender equality is a key business priority. As stated in our published Diversity policy, our corporate culture promotes the principles of merit and fairness in relation to decisions about recruitment, development, promotion, remuneration and flexible work arrangements.

Our global recruitment policy launched in 2020 has a strong focus on equal opportunity.

At all levels of the business, recruitment and selection practices are appropriately structured so that candidates are guarded against conscious or unconscious biases, including the de-coding of job adverts to ensure language is gender-neutral and the adoption of a consistent approach to gender balanced interview and selection panels where possible. It is our stated intention to also ensure gender balance in the shortlisting of candidates.

The identification and development of our female talent is supported by internal processes such as talent mapping, succession planning and management development programs, while our Career Framework provides the structure that enables workforce planning, talent management and provides female employees with the guidance to identify progression opportunities and take ownership of their individual career journeys. Pilot initiatives such as mentoring, unconscious bias training and 'Plus One' where Senior Managers select a female employee to be involved in decisions making meetings, further support our gender equality strategies.

We continue to regularly review and develop policies and procedures to ensure diversity within the organisation, including the adoption of KPIs for Senior Management to measure the achievement of gender diversity objectives.

Governing bodies

Bravura Solutions Operations Pty Limited

1: Does this organisation have a governing

Yes(Provide further details on the governing

body?

body(ies) and its composition)

1.1: What is the name of your governing body?

Board of Directors

1.2: What type of governing body does this

Board of directors

organisation have?

1.3: How many members are on the governing

body and who holds the predominant Chair

position?

…Chairs

…Female (F)

…Male (M)

1

…Gender X

0

…Members

…Female (F)

2

…Male (M)

3

…Gender X

0

1.4: Do you have a formal selection policy

and/or formal selection strategy for this

Yes(Select all that apply)

organisation's governing body members?

Strategy

1.5: Has a target been set to increase the

representation of women on this governing body?

10.6: What is the percentage (%) target?

10.7: What year is the target to be reached (select the last day of the target year)?

Finocomp Pty Ltd

Yes(Provide further details on your target)

35.00%

30-Jun-2022

  1. Does this organisation have a governing body?

11.1: Confirm how the ultimate parent's governing body/ies are being reported:

Midwinter Financial Services Pty Ltd

Yes, same as local ultimate parent organisation( The local ultimate parent's governing body details must be reported against the local ultimate parent. The information is not required to be entered again for subsidiary organisations even if it is reported in a different submission group.)

It is reported as part of this submission group.

  1. Does this organisation have a governing body?

11.1: Confirm how the ultimate parent's governing body/ies are being reported:

InvestmentLink Pty Ltd

Yes, same as local ultimate parent organisation( The local ultimate parent's governing body details must be reported against the local ultimate parent. The information is not required to be entered again for subsidiary organisations even if it is reported in a different submission group.)

It is reported as part of this submission group.

  1. Does this organisation have a governing body?

11.1: Confirm how the ultimate parent's governing body/ies are being reported:

Yes, same as local ultimate parent organisation( The local ultimate parent's governing body details must be reported against the local ultimate parent. The information is not required to be entered again for subsidiary organisations even if it is reported in a different submission group.)

It is reported as part of this submission group.

  1. If your organisation would like to provide additional information relating to governing bodies and gender equality in your workplace, do so below.

Bravura has successfully met the target objective of no less than 30% of each gender in composition of the Board by 2020. Female representation currently comprises 33% of our Board of Directors.

To celebrate International Women's Day 2021, our most recently appointed Board Member, Elizabeth Roy, facilitated a session for Bravura APAC employees during which she spoke about her career journey and personal experiences as a female leader in a male dominated industry.

#Action on gender equality

Gender pay gaps

1: Do you have a formal policy and/or formal strategy on remuneration generally?

Yes(Select all that apply)

…Yes

1.1: Are specific pay equity objectives included in your formal policy and/or formal strategy?

…Yes

Policy

Strategy

Yes(Select all that apply)

To achieve gender pay equity

To ensure no gender bias occurs at any point in the remuneration review process (for example at commencement, at annual salary reviews, out-of-cycle pay reviews, and performance reviews)

To implement and/or maintain a transparent and rigorous performance assessment process

  1. Did your organisation receive JobKeeper payments? Don't know / Not applicable
  2. What was the snapshot date used for your Workplace Profile? 26-Feb-2021
  3. If your organisation would like to provide additional information relating to gender pay gaps in your workplace, please do so below.

The main contributor to Bravura's gender pay gap is that fewer women hold senior positions than men. More than 50% of female employees work in operational and business services roles that occupy the lower half of the pay quartiles, as opposed to the higher proportion of management team roles and senior technical positions currently held by men. We hope to address this imbalance in part through our target of 35% females in people management by 2022.

The Fintech industry is characterised as having a gender imbalance in areas including software development. We are committed to change and championing for greater gender balance at all levels in our business and across the industry as we continue to grow. Our actions focused on addressing gender balance including drawing on a diverse talent pool, developing inclusive leadership capabilities and building effective work practices that support the empowerment of our female employees.

Employer action on pay equity

  1. Have you analysed your payroll to determine if there are any remuneration gaps between women and men (e.g. conducted a gender pay gap analysis)?

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Bravura Solutions Limited published this content on 19 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 14:21:09 UTC.


ę Publicnow 2021
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Sales 2022 265 M 186 M 186 M
Net income 2022 36,9 M 25,9 M 25,9 M
Net cash 2022 55,1 M 38,5 M 38,5 M
P/E ratio 2022 16,4x
Yield 2022 4,11%
Capitalization 606 M 425 M 424 M
EV / Sales 2022 2,08x
EV / Sales 2023 1,91x
Nbr of Employees 1 445
Free-Float 98,5%
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