Covid-19 five years from now
The virus will still plague us and its impact will reverberate far beyond health concerns in 2027.
Director duties and solvency
The Government has a number of support and guidance measures available to assist directors and organisations in responding to the challenges created by COVID-19.
The IoD has developed a solvency test checklist for directors which sets out considerations in assessing solvency.
The IoD, working with business.govt.nz and the Companies Office, has developed a suite of online governance resources for directors of SMEs including a module on directors’ duties.
Guidance from External Reporting Board (XRB) on financial reporting and auditing implications.
Annual meetings and COVID-19
Many organisations are required to hold their annual meeting within the next few months but they have once again been disrupted by COVID-19. Our article Annual meetings and COVID-19 provides some guidance and resources on annual meetings.
Other guidance
MinterEllisonRuddWatts has published a range of articles highlighting key legal issues for organisations.
KPMG has published information on anti-money laundering during COVID-19 (links to PDF on KPMG website).
Marsh has released its Global Insurance Market Index – 2021 Q2
The Commerce Commission has developed resources for organisations including guidance for lenders and borrowers.
The Reserve Bank has a range of initiatives to support organisations respond to covid-19.
The IRD has published information on tax residence status under COVID-19
