"There is growing recognition of the important role that governance structures and disciplines play in creating and protecting shareholder value in a farming business."
Being an independent director on the board of a farming company can provide a rewarding opportunity to participate and add value in one of New Zealand’s largest and most important commercial sectors. There is growing recognition of the important role that governance structures and disciplines play in creating and protecting shareholder value in a farming business. As a result there is an increasing demand for independent and non-executive directors to join farming company boards.
Understanding the business: Becoming an independent director of a farming business
This guide has been produced by DairyNZ to be read alongside Farming Directorships: A Due Diligence Guide. It aims to provide further context for people considering a position on the board or advisory board of a farming company.
Rural Governance Essentials
In this course you’ll gain insights into the benefits that a board can bring to an agri-business, and the fundamental responsibilities of a board and individual directors in a distinctly rural context. With a focus on farming safety, it also covers board relationships, robust processes, good decision making, and key elements of the operations of a board.
The topics covered during the course include
- Governance, legal and regulatory framework essentials
- Board charters, the role of the board, culture and ethics, board composition
- Board protocols, meetings and papers
- Board and management relationships and succession planning
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