Corporate Governance in New Zealand – Principles and Guidelines 2018
Aim: To explain the eight principles of corporate governance for non-listed and public sector companies and provide guidelines to help entities comply with each of the principles.
Outcome: Readers will gain an understanding of how to implement the eight corporate governance principles into the business structure and processes in a manner appropriate to the size of the business, as well as understand the FMA’s expectations of standards of corporate governance and reporting against those principles.
Abstract: The FMA has re-focused its Corporate Governance Handbook in order to provide advice to non-listed companies and entities, many of which have a significant impact on New Zealand’s financial markets. The FMA’s updated Corporate Governance Handbook may assist those in governance roles for non-listed and public-sector companies, in the application and reporting on corporate governance. Good corporate governance allows directors and executives to focus on growth, value creation, and long-term sustainability through applying corporate governance principles to their entities, which is critical to promoting and facilitating fair, efficient and transparent financial markets.