NZX

Quick takes

NZX Director Independence Review update: implications for directors

Changes announced will enhance robustness of governance practices for New Zealand-listed issuers.

Do independent directors add value? The evidence is mixed.

Our May 2023 Governance Update summarises domestic and international changes in the governance landscape over the preceding year.

In the recent changes directors will be held more accountable to investors with a greater focus on ESG factors and reporting.

NZX confirmed amendments to the NZX Corporate Governance Code, Listing Rules and ESG Guidance Note, taking effect from 1 April 2023.

The Future Directors’ programme has helped 102 emerging directors overcome that first hurdle of getting their foot in the door.

Listed company boards have a tricky risk environment to manage, says Joost van Amelsfort, chief executive of NZ RegCo.

IoD supports NZX’s reviews of its Corporate Governance Code, ESG Guidance Note, and Capital Raising Settings and Listing Options.