Toddy
11-10-2007, 04:08 PM
GENERAL: TPW: TrustPower recognised as a Top Companies for Leaders 2007
HEWITT FORTUNE RBL - TOP COMPANIES FOR LEADERS 2007
11 October, 2007
Media Release
TrustPower recognised as a Top Companies for Leaders 2007
Hewitt Associates, The RBL Group and FORTUNE magazine have released the 2007
Top Companies for Leaders. The study involved more than 560 organisations
globally. The Top Companies for Leaders lists included twenty Global winners,
ten Regional winners for the Asia Pacific and two Country level winners for
Australia and New Zealand. Hewitt initiated the Top Companies for Leaders
research in 2001 seeking to identify those factors that allow financially
successful organisations to consistently produce great leaders. Today, this
is the most comprehensive global leadership study in the world, examining how
financially successful organisations consistently produce great leaders.
TrustPower is a New Zealand based electricity generator/retailer, which is
developing its first wind farm in Australia. TrustPower Limited has been
named in the exclusive group of country winners. These companies share some
key attributes in their approach to leadership which sets them apart from
others. Our research has shown that by having the right leadership practices
and processes in place, maintaining a strict focus on critical talent at all
levels, and having a continuous desire to improve, Top Companies cultivate
and nurture their talent, and have a reputation for doing it well.
TrustPower, named in 2006 by the National Business Review as the top
performing NZX listed company over the previous ten years, has doubled its
operating surplus over the last five years. In addition, shareholder value
has quadrupled over that period. Attracting and retaining key talent and
demonstrating strong accountability for leadership behaviours at all levels
of the organisation has been a significant contributor to this result.
TrustPower's Chief Executive, Keith Tempest, said "TrustPower develops and
communicates clear strategies across the company and aligns employee
accountabilities and responsibilities to those strategies. At TrustPower
everyone is a leader. With continual training, mentoring, supporting and
empowering, our leaders can get on with the job, while at all times having
regard for the Company's values."
Participating companies completed a detailed questionnaire examining the
factors influencing both the depth and quality of leadership. All entries
were analysed for responses consistent with strong leadership practices.
Based on this analysis, 250 globally were identified as finalists. Each
finalist company was then asked to complete in-depth interviews with Hewitt
to gain greater clarity and precision around their specific leadership
practices. This data was then presented to a diverse judging panel of six
distinguished experts who were nominated by Hewitt Associates as being world
renowned leaders in the area of leadership and business.
Many winning companies are included in the Fortune 500 list and it is an
extraordinary achievement for TrustPower to be recognised amongst these
world-class organisations. TrustPower is the only New Zealand Company to make
the winners list.
Hewitt Associates, The RBL Group and FORTUNE magazine congratulate TrustPower
on this achievement.
Yours Sincerely
David Brown
Hewitt Associates LLC
Market Leader, Australia and New Zealand
HEWITT FORTUNE RBL - TOP COMPANIES FOR LEADERS 2007
11 October, 2007
Media Release
TrustPower recognised as a Top Companies for Leaders 2007
Hewitt Associates, The RBL Group and FORTUNE magazine have released the 2007
Top Companies for Leaders. The study involved more than 560 organisations
globally. The Top Companies for Leaders lists included twenty Global winners,
ten Regional winners for the Asia Pacific and two Country level winners for
Australia and New Zealand. Hewitt initiated the Top Companies for Leaders
research in 2001 seeking to identify those factors that allow financially
successful organisations to consistently produce great leaders. Today, this
is the most comprehensive global leadership study in the world, examining how
financially successful organisations consistently produce great leaders.
TrustPower is a New Zealand based electricity generator/retailer, which is
developing its first wind farm in Australia. TrustPower Limited has been
named in the exclusive group of country winners. These companies share some
key attributes in their approach to leadership which sets them apart from
others. Our research has shown that by having the right leadership practices
and processes in place, maintaining a strict focus on critical talent at all
levels, and having a continuous desire to improve, Top Companies cultivate
and nurture their talent, and have a reputation for doing it well.
TrustPower, named in 2006 by the National Business Review as the top
performing NZX listed company over the previous ten years, has doubled its
operating surplus over the last five years. In addition, shareholder value
has quadrupled over that period. Attracting and retaining key talent and
demonstrating strong accountability for leadership behaviours at all levels
of the organisation has been a significant contributor to this result.
TrustPower's Chief Executive, Keith Tempest, said "TrustPower develops and
communicates clear strategies across the company and aligns employee
accountabilities and responsibilities to those strategies. At TrustPower
everyone is a leader. With continual training, mentoring, supporting and
empowering, our leaders can get on with the job, while at all times having
regard for the Company's values."
Participating companies completed a detailed questionnaire examining the
factors influencing both the depth and quality of leadership. All entries
were analysed for responses consistent with strong leadership practices.
Based on this analysis, 250 globally were identified as finalists. Each
finalist company was then asked to complete in-depth interviews with Hewitt
to gain greater clarity and precision around their specific leadership
practices. This data was then presented to a diverse judging panel of six
distinguished experts who were nominated by Hewitt Associates as being world
renowned leaders in the area of leadership and business.
Many winning companies are included in the Fortune 500 list and it is an
extraordinary achievement for TrustPower to be recognised amongst these
world-class organisations. TrustPower is the only New Zealand Company to make
the winners list.
Hewitt Associates, The RBL Group and FORTUNE magazine congratulate TrustPower
on this achievement.
Yours Sincerely
David Brown
Hewitt Associates LLC
Market Leader, Australia and New Zealand