CSL Limited Annual Report 2022/23 43 The program focuses on leading strategy and people with an enterprise and inclusive mindset and offers an immersive in-market experience, executive exposure and networking, and engagement in a strategic project tied to the company’s strategy. It also includes a specialised track for female participants, providing guidance on handling headwinds specific to women’s career advancement, exposure to external female C-suite executives and the opportunity for ongoing mentoring and sponsorship. Our first cohort completed the program in 2023 and included 23 participants, of which 48% were women. Leadership Development: Leadership Excellence is a program specially designed for associate directors and directors across all areas of our business. The curriculum centres on leadership agility and translating future trends into enterprise strategy. It also includes business simulations, peer learning activities and reverse mentoring to broaden participant perspectives. In the past year, we also launched an alumni network to sustain cross-functional learning beyond the program. To date, nearly 491 CSL leaders participated across five cohorts – 50% women and 50%men of those who declared gender identity. Management Development: Management Essentials is a program for managers and senior managers across all areas of our business. Topics include the role of a leader, building trust, communication and feedback, coaching, change and inclusive leadership with a focus on the individual biases that affect relationships, collaboration and performance. Participants are provided with an immersive learning experience for which they complete self-paced asynchronous modules and engage in moderated chat rooms. They also receive live virtual coaching from a dedicated expert to help reinforce learning and its application. To date, there have been 342 graduates (51% women, 48%men, 1% did not identify gender) from the CSL Behring, CSL Seqirus and CSL Vifor business units and 529 participants (67% women and 33%men) from our CSL Plasma business. Frontline Leader Development: The Frontline Leader program provides foundational business and people management skills for supervisors and newly promoted managers across the Operations organisation. Coursework is designed to enhance leadership and management skills, Human Resources & Legal compliance knowledge and Enterprise Operations business acumen. Launched in 2022, the program is offered at all CSL manufacturing sites. By the end of the 2022/23 financial year, 1,230 leaders have participated in the program. Professional Development: Our Discovery program focuses on enhancing the knowledge and capabilities of our self-led, individual contributors through the development of their own personal effectiveness, expanded self-awareness and collaboration capabilities, and improved change and timemanagement skills. There are 237 participants – 59% female and 41%male – in our 2023 cohort. Emerging Leader Development: C@talyst is an emerging leader program run within the CSL Seqirus business across the APAC, EMEA and Americas regions. The current cohort of 60 is comprised of 62% women and 38%men. This program will be scaled to additional business units across CSL in the upcoming financial year. Valuing colleagues’ contributions We strive to create an environment where people excel in their job and make meaningful contributions that drive superior performance and sustainable growth – all while demonstrating our CSL Values. Over the past year, we refreshed our approach to how we enable our people to perform at their best and reward them for it. Updates to CSL’s performance management framework have included: • reinforcing our CSL Values, considering both ‘what’ our employees contribute and ‘how’ they contribute in terms of their behaviours; • continuing to foster a culture of ongoing feedback and dialogue to ensure a strong link between performance and employee development year-round; and • improving CSL’s Short-Term Incentive Plan, including the ability to differentiate and award bonus amounts that better match our employees’ unique contributions, along with an increased maximum bonus potential for our highest performers who achieve stretch objectives. Our employees are well prepared to set clear goals that are linked to company priorities, share feedback with each other regularly and embrace development opportunities while we work together to deliver for our patients and protect public health. Another way we recognise employee efforts is through CSL’s global recognition program, Celebrate the Promise, an online platform that enables employees and leaders to easily recognise anyone at any time – from a simple thank you to acknowledgement of a major accomplishment.
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