Company directors must tread carefully through an increasingly treacherous landscape. The minefield of regulatory compliance is growing and so too are the expectations of a raft of stakeholders. Here’s what to look out for.
Expect the world for directors of New Zealand companies to become a much more difficult place. There was no mistaking the message at AIG New Zealand’s inaugural Corporate Governance Conference in Auckland recently as a strong line-up of legal experts pressed home the importance of good corporate governance.
The warning note chimes with findings from a 2006 Institutional Shareholder Service (ISS) Global Institutional Investor Study (see box “Asset rich and concerned”) which concluded that corporate governance has shifted from a compliance obligation to a business imperative.
The ISS survey determined that investors are now seeing corporate governance in a new light, and recognised that it is not just an externally imposed obligation, but an ownership responsibility or “the right thing to do”.
See full Article.
Posts
