Taking the pulse of New Zealand’s governance community

Overview

Economic uncertainty has long been a fact of life, but the past few years have brought huge volatility. While most directors expected New Zealand’s economic performance to decline over the next year, this negative expectation for the economy was not mirrored in expectations for directors’ own organisations.

Other major concerns for directors that emerged from the Director Sentiment Survey 2022, were the diminishing talent pool, climate change, changing community expectations, and the need for boards to prepare their own capabilities for an uncertain future. Despite this, a significant proportion of boards do not appear to be sufficiently prepared for a digital future.

Nick Tuffley and Guy Beatson will discuss some of the key findings, in a conversation facilitated by Kirsten (KP) Patterson, including;

• 68% expect national economic performance to continue to decline
• 50% expect their organisation’s performance to improve over the same period
• 67% said labour quality and capability is the biggest risk facing their organisation
• 55% said labour quality and capability is the biggest impediment to national economic performance
• 60% saw changing customer expectations as the key future trend
• 54% of boards discussed cyber-risk and the ability of their organisation to respond
• 46% discussed privacy practices and risks
• 37% felt their boards had the right capability to lead their organisations into a digital future

Produced by the Institute of Directors (IoD) in association with ASB, the Director Sentiment Survey 2022 takes the pulse of New Zealand’s governance community to identify issues and challenges.

Nick Tuffley

Nick Tuffley was appointed as ASB’s Chief Economist in January 2007, having previously worked at Westpac and the Reserve Bank of New Zealand.  Nick studied at Canterbury University, graduating with a Master of Commerce in Economics. 

He and the rest of the Economics team provide regular analysis of economic developments and the outlook through written publications and media comments.  Their key objective is to help the bank’s clients make better-informed business and personal finance decisions.  The Economics team has won 3 Consensus Economics Forecast Accuracy Awards for their NZ forecasts.

Nick speaks at a variety of functions large and small from gatherings of corporate customers, through industry conferences, to large cocktail functions for customers.  He has spoken in shearing sheds, wineries, art galleries, the Air Force museum, and ambulance stations.  And of course, in recent years he has spent a lot of time Zooming into people’s screens.

Kirsten (KP) Patterson CMInstD

KP is the Chief Executive of the Institute of Directors. She is a qualified lawyer and a Distinguished Fellow of the Human Resources Institute of New Zealand, Co-deputy Chair of the Global Network of Directors Institutes (GNDI), Chair of the Brian Picot Ethical Leadership advisory board and was previously Chair of the Wellington Homeless Women’s Trust.  With extensive governance and leadership experience, she is actively involved in community initiatives.

A strong advocate of diversity, KP was also a founding member of Global Women’s ‘Champions for Change’, a group of senior executives and directors who commit to diversity in the workplace, and a founding member of WiSPA, an organisation promoting women in sport, and mentors a number of business leaders.

Guy Beatson MInstD

Guy Beatson is the General Manager, Governance Leadership Centre at the IoD. He is an experienced senior leader who has worked with public, private and not-for-profit entities in New Zealand, Fiji, Mongolia, Australia and the United States. His previous senior roles include Deputy Chief Executive, Strategy and Organisation Performance at Te Puni Kōkiri; Deputy Secretary Natural Resources Policy at Ministry for the Environment. Most recently, he ran his own freelance consultancy practice supporting public sector senior executives and their teams to deliver high quality decision-making, advice and policy implementation. In each of these roles, he engaged on a range of natural resource, environmental and other issues with iwi/hapū and other Māori interests.  

Contact

Kristyn Chandler-Yates
National Sponsorship and Events Manager

+64 027 207 2592
Kristyn.Chandler-Yates@iod.org.nz

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