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

 

Refreshed corporate governance handbook published

28/02/2018

Refreshed corporate governance handbook published

The Financial Markets Authority (FMA) today published its refreshed Corporate Governance handbook.

The handbook is being refreshed to remove any unnecessary overlap with the NZX Code, particularly to ensure the NZX Code is the primary source for requirements for listed companies. We have also updated the guide in a number of places to bring it in line with corporate governance developments in New Zealand and globally.

The revised handbook is designed as a guide for a wide range of companies and businesses including those who want to raise capital or list on the NZX in the future.

Simone Robbers, FMA Director of Strategy and Risk said, “The FMA is particularly keen for businesses involved in New Zealand’s financial markets to consider the principles and how they can work towards meeting them.

Adopting the principles in the handbook will provide companies and businesses with a solid base for future growth, value creation, investor confidence and long-term sustainability.”

The handbook is deliberately principles based, rather than a check-list. A one-size-fits-all approach is not appropriate for every business, and for smaller companies the principles provide guidance on areas they can work towards over a period of time.

The FMA will continue to engage with listed companies, the NZX, the Institute of Directors and other interested parties to ensure standards of corporate governance continue to rise.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO: