The Four Pillars of Governance Best Practice

The Four Pillars of Governance Best Practice for New Zealand Directors provides essential guidance on best practice governance, global trends and the contemporary operating environment in New Zealand. Our 2021 edition incorporates important developments on topics including climate change, privacy, mental health and wellbeing, culture and conduct, and other stakeholder and ESG matters.  

The Four Pillars 2021 edition is available to members online and as a downloadable PDF. Members can also purchase a printed copy for NZ$39 (incl GST and postage). Please ensure you are logged in to receive the member price.

If you are not a member of the Institute of Directors you can purchase a printed copy of the Four Pillars for NZ$249 (incl GST and postage).

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The Four Pillars of Governance Best Practice provides fundamental guidance to directors.


An overview of corporate governance and directorship in New Zealand.

The first pillar - Determining purpose

The first pillar of governance focuses on the board’s role in leading the development of the entity’s purpose and strategy.

The second pillar - An effective governance culture

The second pillar covers due diligence when deciding to join a board, and the director’s life on the board from day one induction through to exiting the board.

The third pillar - Holding to account

The third pillar focuses on risk management. Boards hold management to account through informed, astute, effective and independent oversight.

The fourth pillar - Effective compliance

The fourth pillar focuses on common compliance matters including solvency, financial reporting, director remuneration, and annual meetings.


The Four Pillars appendices provide additional resources, references and guidance to directors to assist them in carrying out their duties and responsibilities.