21 April 2022
Tony, requestor for information under OIA
Provided via the FYI website
Kia ora Tony
We respond to your OIA below by providing the information in the table.
We have aggregated the team breakdown information relating to the teams with low resignation
numbers. Given the small number of resignations from these teams, if we provided the responses by team
breakdown, it could reveal the identity of the 4 persons that raised the matters. We therefore consider it is
appropriate to withhold this team breakdown information to protect the privacy of these 4 individuals (see
section 9(2)(a) of the Official Information Act). We note you have the right to seek an investigation and
review by the Ombudsman of this decision to withhold this breakdown. Information about how to make a
complaint is available at
www.ombudsman.parliament.nz or freephone 0800 802 602.
The FMA fosters a workplace environment that supports all employees treating each other with respect. As
a result, the FMA will not tolerate bullying, harassment or discrimination of any form in the workplace. The
FMA takes bullying seriously and encourages the reporting of any such unwelcome behaviour by
complainants and witnesses, and has mechanisms to report internally or via an external confidential service.
The FMA proactively asks resigning employees about bullying and harassment in the exit interview
survey. Each exit interview survey is followed with a voluntary face-to-face meeting to discuss the context
of the survey answers; including covering the situation and behaviour that led to the resignee holding the
view that they were either subject to bullying, or observed it. We have a bullying, harassment and
discrimination policy along with resolution guidelines, and we have bullying and harassment online training
which all staff complete to raise awareness. Staff also have the option of having their exit interview
conducted by an external party for independence.
Ngā mihi,
Natalie Muir
Principal Adviser, Governance
2
Resignations 1 January
Number of these resignees that
Number of these resignees that
2021 - 22 March 2022
considered they observed bullying considered they were subject to
or harassment of any kind at any
bullying or harassment of any kind
time during their tenure (this
at any time during their tenure.
includes the persons to the right).
General Counsel
19
7
3
Supervision
17
2
2
Capital Markets
6
1
1
Operations
5
1
0
People and Capability
5
0
0
All smaller sized function areas
4
1
including:
Regulation
3
Investment Management
1
Strategy and Stakeholder
1
Relations
External Communications and
1
Investor Capability
Chief Executive Office
1
Banking and Insurance
0
Market Engagement
0
59
15
7