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  <title>Institute of Directors News</title>
  <link><![CDATA[http://www.iod.org.nz//home/articles/press_releases.aspx]]></link>

  <description>Latest news from the Institute of Directors in New Zealand.</description>  
  
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     <title><![CDATA[Disaster a cautionary tale to CEOs everywhere]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost, Monday 16 August 2010). Midway through the BP oil spill crisis the company’s CEO Tony Hayward made a comment about “wanting his life back”. He then took another wrong tack by taking a break to sail his yacht in the less than crystal clear waters of the Solent. This sparked more jibes about his competence as CEO, earning him the title Captain Clueless. ]]></description>
<pubDate>Sun, 15 Aug 2010 22:38:07 GMT</pubDate>
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     <title><![CDATA[Tackling gender imbalance at board level]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost, Monday 5 July 2010). In a piece of corporate theatre Bruce Sheppard of the NZ Shareholders Association would be proud of, a group of women wearing fake beards stormed the podium at Veolia Environment’s crowded shareholders’ meeting in Paris last month to challenge Chairman Henri Proglio over the gender makeup of his overwhelmingly male board.]]></description>
<pubDate>Sun, 04 Jul 2010 23:51:35 GMT</pubDate>
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     <title><![CDATA[Keeping it in the family - and successful]]></title>

     <description><![CDATA[Read Nicki Crauford's article (NBR, Friday 18 June 2010). Family companies are all around us. The figures speak for themselves. In New Zealand around 220,000 registered businesses, between them generating up to 80% of all employment and 65% of GDP are family operations of one sort or another]]></description>
<pubDate>Thu, 17 Jun 2010 22:00:52 GMT</pubDate>
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     <title><![CDATA[Goldman Sachs needs some short-term smarts]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost, Monday 17 May 2010). Last month the Securities and Exchange Commission (SEC) charged Goldman Sachs with fraud, accusing the Wall Street bank of misleading investors in subprime securities that turned sour with a complex mortgage-backed product known as Abacus which it sold knowing that it would fail.]]></description>
<pubDate>Mon, 17 May 2010 00:00:00 GMT</pubDate>
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     <title><![CDATA[Annual General Meeting]]></title>

     <description><![CDATA[Around 80 members attended the Institute of Directors' Annual General Meeting held on Thursday 15 April 2010 at the IoD's offices, 50 Customhouse Quay, Wellington.]]></description>
<pubDate>Tue, 27 Apr 2010 23:33:28 GMT</pubDate>
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     <title><![CDATA[Public will benefit from directors raising the bar on standards]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost, Tuesday 6 April 2010). Most analyses of negative events, be they corporate failures, the global financial crisis (GFC) or the New Zealand finance industry meltdown, will at some stage focus attention on standards. The conclusion drawn will almost always be that either the system failed its users or vice versa. Sometimes both.]]></description>
<pubDate>Mon, 05 Apr 2010 22:24:56 GMT</pubDate>
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     <title><![CDATA[Director Accreditation Scheme - Revision of Rules]]></title>

     <description><![CDATA[As already conveyed to members, the IoD is changing the Rules of its Director Accreditation Scheme. The changes to the Director Accreditation Scheme Rules are effective from 1 June 2010.]]></description>
<pubDate>Tue, 09 Mar 2010 00:03:35 GMT</pubDate>
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     <title><![CDATA[The principle and practice of diversity]]></title>

     <description><![CDATA[Read Nicki Crauford's article (NBR, Friday 5 March 2010). If the job of a board is to think strategically, looking to improve company performance, create shareholder value and position itself for greater sustainability and growth, then the best diversity target would be to stock the board with smart people who are challenging yet complementary.]]></description>
<pubDate>Thu, 04 Mar 2010 20:54:07 GMT</pubDate>
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     <title><![CDATA[Small companies could gain a lot by adopting formal governance]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost, Monday 1 March 2010). The Institute of Directors launched its new website recently, www.firstboards.iod.org.nz. Specifically designed to engage with the small to medium enterprise market, it promises to energise, refresh, grow and invigorate small to medium enterprises in the area of governance.]]></description>
<pubDate>Sun, 28 Feb 2010 23:30:44 GMT</pubDate>
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     <title><![CDATA[Fresh Thinking: First Boards]]></title>

     <description><![CDATA[The Hon. Gerry Brownlee was guest of honour at a celebration at National Office on Monday 15 February to mark the launch of the new IoD “satellite” website www.firstboards.iod.org.nz which is designed to engage with the SME market on the value good governance can add, and illustrate the importance of good governance structures and systems and the role of independent directors.]]></description>
<pubDate>Thu, 18 Feb 2010 03:53:12 GMT</pubDate>
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     <title><![CDATA[Fresh Thinking on SME Governance]]></title>

     <description><![CDATA[An easy–to–use website will shortly offer small and medium size enterprises (SMEs) practical guidance for improving their systems of governance. ]]></description>
<pubDate>Tue, 09 Feb 2010 04:00:23 GMT</pubDate>
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     <title><![CDATA[Band of brothers mentality threat to economy]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost, Monday 14 December 2009). In his "heads up" before the battle of Agincourt in Henry V, King Harry said: “We few, we happy few, we band of brothers”.]]></description>
<pubDate>Sun, 13 Dec 2009 22:30:29 GMT</pubDate>
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     <title><![CDATA[Are independent directors more than just Christmas tree decorations?]]></title>

     <description><![CDATA[Read Nicki Crauford's article (The Independent, 5 November 2009).The financial crisis has tested many organisations across the globe and some have been found wanting. Many had a hand in the mistakes: banks, regulators, credit agencies, governments and, some say, unquestioning consumers who were the willing buyers of cheap mortgages and loans that became financial weapons of mass destruction.]]></description>
<pubDate>Wed, 04 Nov 2009 23:00:00 GMT</pubDate>
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     <title><![CDATA[When things go wrong, call the chairman]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost, 26 October 2009). Even in the best companies, things do not always go well. ]]></description>
<pubDate>Sun, 25 Oct 2009 21:00:00 GMT</pubDate>
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     <title><![CDATA[Hardie case sets tougher rules for directors]]></title>

     <description><![CDATA[Read Nicki Crauford's article (NBR, 9 October 2009). The most recent judgment in the long-running James Hardie case in Australia provides important guidelines on the scope and content of the duties of executive officers and directors of publicly listed companies when considering strategic company decisions and market-sensitive information.]]></description>
<pubDate>Thu, 08 Oct 2009 23:00:00 GMT</pubDate>
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     <title><![CDATA['Tis the season to face investors]]></title>

     <description><![CDATA[Read Nicki Crauford's article (The Independent, 17 September 2009). Fronting up to an annual general meeting in times of plenty must surely be a pleasurable experience for directors. They are, after all, fiduciaries acting on behalf of shareholders, and a company’s purpose is to continue to perform satisfactorily and provide adequate returns for shareholders.]]></description>
<pubDate>Thu, 17 Sep 2009 00:00:00 GMT</pubDate>
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     <title><![CDATA[Mega salaries - justifiable or greedy?]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost, 14 September 2009). Telecom CEO Paul Reynolds’ remuneration package recently came under scrutiny with comments ranging from him being worth his weight in gold, his overall package being  obscene and that compared to the Wall Street payouts his performance-related bonus was “peanuts”. 
It doesn’t matter who said what but each is worth examining. ]]></description>
<pubDate>Mon, 14 Sep 2009 00:00:00 GMT</pubDate>
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     <title><![CDATA[Rising price of corporate reputation]]></title>

     <description><![CDATA[Read Nicki Crauford's article (NBR, 21 August 2009). The biggest risk any company faces is the loss of its good name. Boards and senior executives are acutely aware of how serious today’s reputational challenge is. ]]></description>
<pubDate>Fri, 21 Aug 2009 00:00:00 GMT</pubDate>
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     <title><![CDATA[When things are murky, investors flee in panic]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost, 3 August 2009). The Asian Crisis started on 2 July 1997 with the floating of the Thai baht. It immediately lost 50 percent of its value and triggered a financial tsunami that first swamped Asia, spread to Russia where the Moscow Stock Exchange collapsed, then migrated south to Turkey.]]></description>
<pubDate>Mon, 03 Aug 2009 00:00:00 GMT</pubDate>
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     <title><![CDATA[Strategies to get winning sports administrators]]></title>

     <description><![CDATA[Read Nicki Crauford's article (The Independent, 2 July 2009). As we prepare to host the Rugby World Cup in 2011, it's timely to reflect on governance in sport. American baseball great Babe Ruth said: “The way a team plays as a whole determines its success. You may have the greatest bunch of individual stars, but if they don’t play together, the team won’t be worth a cent.”]]></description>
<pubDate>Wed, 01 Jul 2009 22:00:00 GMT</pubDate>
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     <title><![CDATA[Trust central to good governance]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost 22 June 2009). Confucius told a disciple three things are necessary for government: food, weapons and trust. If a ruler is struggling to hold on to all three, first relinquish weapons, and then food. Trust must be retained until the very end. For ‘without trust’, Confucius concluded, ‘we cannot stand’.]]></description>
<pubDate>Mon, 22 Jun 2009 05:00:00 GMT</pubDate>
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     <title><![CDATA[Women on Boards]]></title>

     <description><![CDATA[Women are still under-represented in the upper echelons of business, and in an effort to address this, the Ministry of Women's Affairs, Business NZ and the Institute of Directors have jointly produced a publication entitled Women on Boards. ]]></description>
<pubDate>Wed, 20 May 2009 22:00:00 GMT</pubDate>
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     <title><![CDATA[Age and wisdom: when it's time to move on]]></title>

     <description><![CDATA[Read Nicki Crauford's article (The Independent, 14 May 2009). For a feel-good movie it is hard to go past Young at Heart, a documentary about a group of senior citizens who perform contemporary and classic rock and pop songs such as the Ramones’ punk classic, I Wanna be Sedated. Old fogies singing songs, or something else?]]></description>
<pubDate>Wed, 13 May 2009 23:00:00 GMT</pubDate>
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     <title><![CDATA[Learning from history: ethical conduct is a business basic]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost 11 May 2009). The historian G M Trevelyan commented that the statements ‘history repeats itself’ and ‘history never repeats itself’ are about equally true. “We never know enough about the infinitely complex circumstances of any past event to prophesy the future by analogy" he said.]]></description>
<pubDate>Sun, 10 May 2009 22:00:00 GMT</pubDate>
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     <title><![CDATA[NBR, 24 April 2009, Table Talk by Nicki Crauford]]></title>

     <description><![CDATA[The traditional American corporate governance model of a combined chairman and chief executive is being challenged. In good times praised is heaped on the strong leader because performance speaks for itself. Nevertheless the adage ‘power corrupts’ did not get to where it is today without there being some supporting evidence.]]></description>
<pubDate>Thu, 23 Apr 2009 23:00:00 GMT</pubDate>
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     <title><![CDATA[Clear communication vital across the board]]></title>

     <description><![CDATA[Read Nicki Crauford's article (The Independent, 26 March 2009). Communication is a good thing. Both attentive listening and clear expression of ideas are essential skills across all endeavours. This is equally true for a board of directors, particularly in such straitened times.]]></description>
<pubDate>Wed, 25 Mar 2009 23:00:00 GMT</pubDate>
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     <title><![CDATA[Crisis shows good directors can keep companies afloat]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost 23 March 2009). The 1957 film classic Twelve Angry Men tells the story of a white, middle-aged jury deciding what appears to be an open-and-shut case. The plot revolves around their difficulty in reaching a unanimous verdict due to jurors' prejudices and the group’s willingness to let closely-held attitudes harden. ]]></description>
<pubDate>Sun, 22 Mar 2009 22:00:00 GMT</pubDate>
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     <title><![CDATA[NBR,13 March 2009, Table Talk by Nicki Crauford]]></title>

     <description><![CDATA[Historically, corporate America has favoured a governance model where the chief executive chairs the board. In good times, praise is heaped on the strong business leadership that such a system cultivates. ]]></description>
<pubDate>Fri, 13 Mar 2009 02:00:00 GMT</pubDate>
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     <title><![CDATA[Crisis moves focus to role of directors]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost 9 February 2009). Can independent directors be more than just Christmas tree decorations? The financial crisis has severely tested many organisations across the globe and some have been found wanting.]]></description>
<pubDate>Sun, 08 Feb 2009 21:00:00 GMT</pubDate>
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     <title><![CDATA[Conflicts of interest - managing the unavoidable]]></title>

     <description><![CDATA[Read Nicki Crauford's article (The Independent, 29 January 2009), Governance, at its essence, is all about the simple human quality of trust. One person entrusts another with assets of value to own and operate in accordance with an agreed set of expectations.]]></description>
<pubDate>Wed, 28 Jan 2009 22:00:00 GMT</pubDate>
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     <title><![CDATA[NBR, 23 January 2009, Table Talk by Nicki Crauford]]></title>

     <description><![CDATA[Legal incentives for directors to act honestly, carefully and diligently are obviously desirable but finding the balance between personal and corporate accountability and encouraging appropriate business risktaking is a challenge.]]></description>
<pubDate>Thu, 22 Jan 2009 22:00:00 GMT</pubDate>
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     <title><![CDATA[Directors have to face the music]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost 15 December 2008). Fronting up to an annual meeting in times of plenty must surely be a pleasurable experience for directors. They are, after all, fiduciaries acting on behalf of shareholders, and a company’s purpose is to continue to perform satisfactorily and provide adequate returns for shareholders]]></description>
<pubDate>Sun, 14 Dec 2008 22:00:00 GMT</pubDate>
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     <title><![CDATA[NBR, 12 December 2008, Table Talk by Nicki Crauford]]></title>

     <description><![CDATA[Australian chief executives are performing better but departing sooner, making retention a challenging task for boards]]></description>
<pubDate>Thu, 11 Dec 2008 22:00:00 GMT</pubDate>
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     <title><![CDATA[NBR, 21 November 2008, Table Talk by Nicki Crauford]]></title>

     <description><![CDATA[Long before today's market crisis pounded individual savers, governance professionals lamented the lack of input from retail shareowners.]]></description>
<pubDate>Thu, 20 Nov 2008 22:00:00 GMT</pubDate>
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     <title><![CDATA[Directors' fee increase 'public relations disaster']]></title>

     <description><![CDATA[Read William Whittaker's article (DominionPost 10 November 2008). There was widespread outrage at Contact Energy’s annual meeting two weeks ago at the prospect of simultaneous increases - 100 per cent in the directors’ fee pool and 10 per cent in power prices.]]></description>
<pubDate>Sun, 09 Nov 2008 23:00:00 GMT</pubDate>
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     <title><![CDATA[NBR, 24 October 2008, Table Talk by Nicki Crauford]]></title>

     <description><![CDATA[During a downturn, a thoughtful acquisition strategy is particularly important, but many companies don’t have one. It’s gut-check time for directors and their chief executives]]></description>
<pubDate>Thu, 23 Oct 2008 20:00:00 GMT</pubDate>
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     <title><![CDATA[Learning how to govern for high growth]]></title>

     <description><![CDATA[Read Nicki Crauford's article, (The Independent 23 October 2008), Much has been written on the challenge of raising and maintaining New Zealand’s living standards and prosperity in a globalised world economy]]></description>
<pubDate>Wed, 22 Oct 2008 23:00:00 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Learning_how_to_govern_for_hig.aspx]]></link>     
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     <title><![CDATA[Voice of experience or silly old codgers?]]></title>

     <description><![CDATA[Read Nicki Crauford's article (DominionPost 29 September 2008).  Age is often cited as a determinant of suitability for office, youth being synonymous with inexperience and advanced years as an indicator of obsolescence.
]]></description>
<pubDate>Sun, 28 Sep 2008 22:00:00 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Voice_of_experience_or_silly_o.aspx]]></link>     
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     <title><![CDATA[NBR, 26 September 2008, Table Talk by Nicki Crauford]]></title>

     <description><![CDATA[Funds used to play their proxy moves in private, leaving corporates and other investors guessing about their voting stances until the annual meeting.  Expect that era to fade.]]></description>
<pubDate>Fri, 26 Sep 2008 02:00:00 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/NBR,_26_September_2008,_Table.aspx]]></link>     
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     <title><![CDATA[Company success starts at the top]]></title>

     <description><![CDATA[The Independent (18 September 2008), In a time of corporate chaos and failed leadership, Nicki Crauford ponders the most important hiring decision - the boss.]]></description>
<pubDate>Wed, 17 Sep 2008 23:00:00 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Company_success_starts_at_the.aspx]]></link>     
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     <title><![CDATA[NBR, 29 August 2008, Table Talk by Nicki Crauford]]></title>

     <description><![CDATA[Paying for performance - PhiTrust Active Investors, the Paris-based fund manager, has come up with a no-nonsense approach to end fat executive payouts at companies that lose money.]]></description>
<pubDate>Fri, 29 Aug 2008 04:30:02 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/NBR,_29_August_2008,_Table_Tal.aspx]]></link>     
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     <title><![CDATA[NBR, 18 July 2008, Table Talk by Nicki Crauford]]></title>

     <description><![CDATA[How to keep baby boomers - Don’t make assumptions that your senior workers want to retire completely...]]></description>
<pubDate>Sun, 20 Jul 2008 21:00:00 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/How_to_keep_baby_boomers.aspx]]></link>     
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     <title><![CDATA[Why two into one doesn't always go]]></title>

     <description><![CDATA[Read Nicki Crauford's DominionPost article (23 June 2008). Electing a director to the dual role of company chief executive and chairman of the board is a route that may seem attractive but it can lead to potential difficulties]]></description>
<pubDate>Mon, 23 Jun 2008 00:00:00 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Why_two_into_one_doesn_t_alway.aspx]]></link>     
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     <title><![CDATA[Disclosure always pays]]></title>

     <description><![CDATA[Read Nicki Crauford's NBR article. (20 June 2008).]]></description>
<pubDate>Thu, 19 Jun 2008 23:21:26 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Disclosure_always_pays.aspx]]></link>     
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     <title><![CDATA[New Zealand's Political Economy]]></title>

     <description><![CDATA[Read an article by Kerry McDonald published in the June edition of the IoD's Boardroom magazine.]]></description>
<pubDate>Sun, 08 Jun 2008 21:01:37 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/New_Zealand_s_Political_Econom.aspx]]></link>     
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     <title><![CDATA[Nationalising the rail]]></title>

     <description><![CDATA[Read Nicki Crauford's article in the NBR (23 May 2008).  Restored government ownership of the railway operations will present some interesting issues to the incoming board]]></description>
<pubDate>Sun, 25 May 2008 22:14:42 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Nationalising_the_rail.aspx]]></link>     
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     <title><![CDATA[It's not just the shareholders holding the whip]]></title>

     <description><![CDATA[Read Nicki Crauford's article in the Independent Financial Review (21 May 2008). Directors must act in the company's best interests, and that can include considering its effect on wider society.
]]></description>
<pubDate>Thu, 22 May 2008 00:15:28 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/It_s_not_just_the_shareholders.aspx]]></link>     
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     <title><![CDATA[Financial Advisors Bill]]></title>

     <description><![CDATA[Read the submission from the Institute of Directors on the additional consultation document released during April relating to the Financial Advisors Bill.
]]></description>
<pubDate>Mon, 19 May 2008 02:05:49 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Financial_Advisors_Bill.aspx]]></link>     
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     <title><![CDATA[Managing Conflict]]></title>

     <description><![CDATA[Read Nicki Crauford's DominionPost article on Managing Conflict (12 May 2008). Conflict of interest in the boardroom can represent a minefield for directors in a country with such a small population as New Zealand]]></description>
<pubDate>Mon, 12 May 2008 21:59:08 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Managing_Conflict.aspx]]></link>     
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     <title><![CDATA[Conflicts of interest]]></title>

     <description><![CDATA[Read Nicki Crauford's article in the NBR (24 April 2008).  A simple pre-requisite for all board members is that they must rigorously and regularly check their own and each other’s interests for possible conflicts]]></description>
<pubDate>Sun, 27 Apr 2008 21:25:09 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Conflicts_of_interest_(1).aspx]]></link>     
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     <title><![CDATA[Poor governance lowers share price]]></title>

     <description><![CDATA[Read Nicki Crauford's article in the NBR (11 April 2008).  Companies that persistently flout corporate governance rules often make bad stock market investments.]]></description>
<pubDate>Sun, 13 Apr 2008 21:10:04 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Poor_governance_lowers_share_p.aspx]]></link>     
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     <title><![CDATA[Balance essential to governance of co-operative enterprise]]></title>

     <description><![CDATA[Read Nicki Crauford's DominionPost article on governance of co-operative enterprises (7 April 2008).]]></description>
<pubDate>Mon, 07 Apr 2008 22:52:37 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Balance_essential_to_governanc.aspx]]></link>     
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     <title><![CDATA[Board basics: Add value]]></title>

     <description><![CDATA[Read Nicki Crauford's article in the Independent Financial Review (26 March 2008).  A board's first priority is adding value to a commercial enterprise.]]></description>
<pubDate>Wed, 26 Mar 2008 21:47:54 GMT</pubDate>
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     <title><![CDATA[Say on Pay]]></title>

     <description><![CDATA[Read Nicki Crauford's DominionPost article (7 February 2008). One issue which currently is very much alive in international governance is the “say on pay” movement, which is pressing for shareholder capability to propose and pass advisory motions on CEO and board remuneration. ]]></description>
<pubDate>Wed, 06 Feb 2008 21:08:57 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Say_on_Pay.aspx]]></link>     
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     <title><![CDATA[Directors and Board Diversity]]></title>

     <description><![CDATA[Read Nicki Crauford's article in the Independent Financial Review (30 January 2008). Calling for diversity on company boards is an attractive and easily made statement. It sounds so correct and incontrovertible. 
]]></description>
<pubDate>Thu, 31 Jan 2008 22:09:58 GMT</pubDate>
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     <title><![CDATA[Directors walk fine line when companies fail]]></title>

     <description><![CDATA[Read Nicki Crauford's DominionPost article (22 November 2007). Failure is part of business. Some companies will thrive, others will fail. ]]></description>
<pubDate>Wed, 28 Nov 2007 00:15:50 GMT</pubDate>
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     <title><![CDATA[Of Nails and Finance Companies...]]></title>

     <description><![CDATA[Read Nicki Crauford's latest DominionPost article which comments on the recent spate of collapses among New Zealand's finance companies.]]></description>
<pubDate>Tue, 09 Oct 2007 02:40:47 GMT</pubDate>
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     <title><![CDATA[2007 Distinguished Fellows]]></title>

     <description><![CDATA[Distinguished Fellow Awards are presented annually to members who have sustained a prominent and distinguished career as a director; or who have given outstanding participation and services to the IoD or eminent or special contributions to the community or business.

The Institute of Directors is pleased to announce the following Distinguished Fellows for 2007.
]]></description>
<pubDate>Tue, 02 Oct 2007 21:45:29 GMT</pubDate>
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     <title><![CDATA[Business Briefing]]></title>

     <description><![CDATA[Read Nicki Crauford's address to the New Zealand Business & Parliament Trust on 18 September.]]></description>
<pubDate>Wed, 19 Sep 2007 03:50:24 GMT</pubDate>
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     <title><![CDATA[A Note on Directors and their Role]]></title>

     <description><![CDATA[Read an article from the September edition of the IOD's monthly magazine, Boardroom, by Kerry McDonald and Richard Baker, which makes some observations on the role of directors given two recent examples of less than stellar corporate performance - Bridgecorp and Stresscrete.]]></description>
<pubDate>Wed, 05 Sep 2007 01:25:16 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/A_Note_on_Directors_and_their.aspx]]></link>     
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     <title><![CDATA[Good Governance benefits all organisations]]></title>

     <description><![CDATA[Read Nicki Crauford's DominionPost article (20 August 2007). Recent governance news from England draws an interesting parallel for New Zealand. ]]></description>
<pubDate>Wed, 22 Aug 2007 00:01:39 GMT</pubDate>
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     <title><![CDATA[The Midavia Settlement]]></title>

     <description><![CDATA[Read Nicki Crauford's article in the Independent Financial Review (11 July 2007).  The recently announced settlement of the Securities Commission’s action against Midavia Rail Investments Limited BVBA and David Richwhite is interesting for three reasons.]]></description>
<pubDate>Thu, 12 Jul 2007 03:14:13 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/The_Midavia_Settlement.aspx]]></link>     
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     <title><![CDATA[Finding new directors]]></title>

     <description><![CDATA[Follow this link to read Nicki Crauford's comments in the Herald on finding directors in New Zealand]]></description>
<pubDate>Mon, 02 Jul 2007 01:31:38 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Finding_new_directors.aspx]]></link>     
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     <title><![CDATA[Putting Your Faith in Directors of the State]]></title>

     <description><![CDATA[Read Richard Baker's DominionPost Article (25 June 2007).
Peter Drucker, the original management guru, remarked that whenever you see a successful business someone once made a courageous decision. Good decisions preface business success and quality decision making is the hallmark of an effective board of directors. ]]></description>
<pubDate>Mon, 25 Jun 2007 23:49:37 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Putting_Your_Faith_in_Director.aspx]]></link>     
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     <title><![CDATA[Directors' Details]]></title>

     <description><![CDATA[The IoD has emailed all of its members requesting views on any issues relating to the disclosure of director information on the Companies Office Register.]]></description>
<pubDate>Fri, 11 May 2007 03:09:42 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Directors__Details.aspx]]></link>     
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     <title><![CDATA[Trust and Conflicts of Interest]]></title>

     <description><![CDATA[Read Nicki Crauford's latest article in the DominionPost 9 April 2007. 

Governance, at its essence, is all about the simple human quality of trust. One person entrusts another with assets of value to own and operate in accordance with an agreed set of expectations. 
]]></description>
<pubDate>Tue, 10 Apr 2007 22:08:27 GMT</pubDate>
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     <title><![CDATA[Conflicts of Interest]]></title>

     <description><![CDATA[Read the transcript of Richard Baker's contribution to the panel discussion on conflicts of interest and the ADHB, National Radio Afternoon with Jim Mora, 29 March 2007.]]></description>
<pubDate>Fri, 30 Mar 2007 01:37:01 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Conflicts_of_Interest.aspx]]></link>     
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     <title><![CDATA[The Weldon Debate]]></title>

     <description><![CDATA[Read Nicki Crauford's article published on line in the New Zealand Herald (22 March 2007).
The current furore raging around NZX and its chief executive overlooks an important issue which has only partially surfaced in the discussion to date. ]]></description>
<pubDate>Thu, 22 Mar 2007 22:16:41 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/The_Weldon_Debate.aspx]]></link>     
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     <title><![CDATA[Governance Snippet ]]></title>

     <description><![CDATA[Regulation is often bemoaned in governance circles. Cost, complexity and risk see companies delisting from public exchanges or relocating to less stringently governed locations. Sarbanes-Oxley is a common culprit. Nice then to see some evidence which pricks this orthodox thinking!]]></description>
<pubDate>Thu, 08 Feb 2007 21:15:42 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Governance_Snippet_(7_February.aspx]]></link>     
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     <title><![CDATA[SOX and Globalisation]]></title>

     <description><![CDATA[Read Nicki Crauford's latest DominionPost article (5 February 2007) on the Sarbanes-Oxley Act 2002 and globalisation.]]></description>
<pubDate>Thu, 08 Feb 2007 02:09:36 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/SOX_and_Globalisation.aspx]]></link>     
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     <title><![CDATA[Nicki Crauford - Vector Resignations]]></title>

     <description><![CDATA[Read the transcript of IoD's Nicki Crauford discussing the Vector resignations on National Radio's Morning Report on Monday 18 December 2006]]></description>
<pubDate>Sun, 17 Dec 2006 22:09:50 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Nicki_Crauford_-_Vector_Resign.aspx]]></link>     
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     <title><![CDATA[Richard Baker - Vector Resignations]]></title>

     <description><![CDATA[Read the transcript of IoD's Richard Baker discussing the Vector resignations on National Radio's Afternoon Panel programme on Thursday 14 December 2006]]></description>
<pubDate>Sun, 17 Dec 2006 22:07:17 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Richard_Baker_-_Vector_Resigna.aspx]]></link>     
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     <title><![CDATA[2006 Distinguished Fellows]]></title>

     <description><![CDATA[The Institute of Directors is pleased to announce the following Distinguished Fellows for 2006.
]]></description>
<pubDate>Wed, 13 Dec 2006 06:09:03 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Archived_news_and_articles/2006_Distinguished_Fellows.aspx]]></link>     
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     <title><![CDATA[Governance more than compliance]]></title>

     <description><![CDATA[(Dominion Post 13/11/2006) Dr Crauford, CEO of the Institute of Directors responds to Brian Gaynor's NZ Herald article "Directors need entrepreneurial spirit" of September 30th.
]]></description>
<pubDate>Mon, 13 Nov 2006 06:16:19 GMT</pubDate>
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     <title><![CDATA[Some thoughts on the Contact Resolutions]]></title>

     <description><![CDATA[(Dominion Post 18/09/2006) Dr Crauford, CEO of the Institute of Directors talks about protecting a companies best interests. ]]></description>
<pubDate>Sun, 17 Sep 2006 12:00:00 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Archived_news_and_articles/Dominion_Post_-_Keeping_a_Rela.aspx]]></link>     
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     <title><![CDATA[Low Fees Reflect Conservatism]]></title>

     <description><![CDATA[(Dominion Post 07/08/2006) Dr Crauford, CEO of the Institute of Directors discusses directors remuneration. ]]></description>
<pubDate>Sun, 06 Aug 2006 12:00:00 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Dominion_Post_-_Low_Fees_Refle.aspx]]></link>     
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     <title><![CDATA[A Guide to Becoming a Director]]></title>

     <description><![CDATA[(Dominion Post 19/06/2006) Dr Crauford, CEO of the Institute of Directors gives a guide to becoming an independant non-executive director in a privately owned company. ]]></description>
<pubDate>Sun, 18 Jun 2006 12:00:00 GMT</pubDate>
 <link><![CDATA[http://www.iod.org.nz/Home/Articles/Press_Releases/Dominion_Post_-_A_Guide_to_Bec.aspx]]></link>     
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     <title><![CDATA[Three Golden Rules Put Thinkers on Board]]></title>

     <description><![CDATA[(Dominion Post 16/05/2006) Dr Crauford, CEO of the Institute of Directors discusses three main requirements for the role of a director. ]]></description>
<pubDate>Mon, 15 May 2006 12:00:00 GMT</pubDate>
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     <title><![CDATA[A League of Extraordinary Gentlemen]]></title>

     <description><![CDATA[(Dominion Post 07/03/2006) Dr Crauford, CEO of the Institute of Directors discusses a governance case study on the Warriors Rugby League CLub board of directors. ]]></description>
<pubDate>Mon, 06 Mar 2006 11:00:00 GMT</pubDate>
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     <title><![CDATA[The role of Board Committees]]></title>

     <description><![CDATA[(Dominion Post 16/01/2006) Dr Crauford, CEO of the Institute of Directors. 

]]></description>
<pubDate>Sun, 15 Jan 2006 11:00:00 GMT</pubDate>
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     <title><![CDATA[Provenco, insider trading and regulators]]></title>

     <description><![CDATA[(Dominion Post 07/11/2005)]]></description>
<pubDate>Mon, 07 Nov 2005 03:30:02 GMT</pubDate>
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     <title><![CDATA[Directors Make a Difference]]></title>

     <description><![CDATA[(Dominion Post 26/09/2005) Dr Crauford, CEO of the Institute of Directors talks about how directors can make a difference. ]]></description>
<pubDate>Sun, 25 Sep 2005 11:00:00 GMT</pubDate>
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     <title><![CDATA[Variations on a Value Theme]]></title>

     <description><![CDATA[One way to view business is to see it as risk selection. Successful companies concern themselves only with risks they understand and that they can run profitably (idiosyncratic risk). Risks that are not understood, measurable or controllable are transferred, hedged or otherwise minimised (non-idiosyncratic risk). ]]></description>
<pubDate>Sun, 31 Jul 2005 23:38:08 GMT</pubDate>
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