Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZOG's Griffiths backs director liability on health, safety

NZOG chair Griffiths backs director liability over health and safety failures

By Paul McBeth

May 21 (BusinessDesk) - New Zealand Oil & Gas chairman Peter Griffiths has thrown his support behind legislative moves to make directors liable if the companies they govern fail to meet health and safety obligations.

The Ministry of Business, Innovation and Employment and the Institute of Directors yesterday released health and safety governance guidelines for directors outlining best practice and advice for company boards.

NZOG’s Griffiths, a veteran employee, manager and director in the high risk energy sector, told a business audience in Wellington yesterday that company boards shouldn’t wait until a health and safety failure before making changes and needed to take workplace safety seriously at a governance level.

“That’s an enormous price to pay for a bit of learning,” he said.

Griffiths said he supports “legislative change that brings criminal liability to people who don’t follow safety guidelines.”

Health and safety issues came to the fore after several explosions at the Pike River Coal mine on the West Coast in late 2010 killed 29 men. In April, the company was convicted of nine charges for breaching the Health and Safety Employment Act, with sentencing set down for early July in the Greymouth District Court.

NZOG held a 29.4 percent stake in Pike River Coal, and had provided it with funding in the lead-up to the explosions. Griffiths has been a director of NZOG since December 2009, and appointed chair last year.

Labour Minister Simon Bridges told Radio New Zealand’s Morning Report today he is “seriously considering” an extension to include companies in corporate manslaughter as part of the government’s response to the Independent Taskforce on Workplace Health and Safety report.

Bridges said the report indicated that holding individual directors culpable for murder or manslaughter charges was more problematic and international evidence showed it was difficult to get successful prosecutions.

The taskforce report recommended directors and senior executives hold a due diligence duty equivalent to their fiduciary duties to shareholders. Corporate liability rules need to change to allow an extension of manslaughter to corporations, it said.

The MoBIE/IoD guidelines provides advice on how directors can influence health and safety performance, gives a framework for boards to play a role in health and safety, aid them in identifying risks and maintaining good monitoring of health and safety, and encourages directors to have open communication on the issue.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news