Updated Corporate Governance Principles in NZ

The NZ Financial Markets Authority has published its consultation draft of principles and guidelines for corporte governance in New Zealand.  The new draft includes principles and standards for ethics, board composition and performance, committee structure and reporting, remuneration, risk management, auditors and shareholder relations/interests.

Key changes includes reporting procedures (via annual reports and websites), ASX based ethical standards, board composition and diveristy, audit committee role, and risk governance.

Find out more here: http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/consultation-corporate-governance-in-new-zealand-principles-and-guidelines.

Comments