New Zealand Management

Articles from Vol. 55, No. 9, October

Accountants' Right of Non-Disclosure
As you may be aware, legislation was introduced in 2005 granting accountants a right to non-disclosure of tax advice documents. The extent of that right has been the subject of at least two legal disputes to date. The accountants' right of non-disclosure...
A Responsibility to Do Things Well
Jason Attewell, a project manager with Statistics New Zealand (SNZ), has been named the NZIM Central Young Executive of the Year and will go forward to the national final which will be announced at the Deloitte/Management magazine Top 200 Awards on...
As I See It
Nathan Cook is 29 years old and the general manager of Auckland's Quadrant Hotel. He recently won New Zealand Hotel Manager of the Year 2008 at the 'hotel Oscars', the HM Awards in Sydney. He was previously marketing projects manager for Tourism New...
Balancing Board Control: Tim Watkin Looks at the Balance of Power on New Zealand Boards. Does the Chair Have Too Much Control, Too Little, or Are the Dynamics Pretty Much Right?
[ILLUSTRATION OMITTED] WHEN New York radio host William B Williams dubbed Frank Sinatra "chairman of the board" it was recognition that the New Jersey-born singer ruled the music business. He was the boss, the leader of the pack, the dominant force...
Carving New Niches
We all know that sustainability is the new black--well, the new green really--but are we doing enough to make sure New Zealand businesses are at the forefront of this global revolution? Not in the 'to lead or not to lead' debate surrounding emissions,...
Chasing Clean Billions: Sustainable + Profitable: Has the Sustainability Game Changed from One of Reluctant Compliance to a Recognition There Are Substantial Business Gains to Be Made in the "Clean Tech" Space? and If the Need for Carbon Constraint Is Driving a New Industrial Revolution-How Quickly Can Kiwi Companies Climb on Board?
[ILLUSTRATION OMITTED] One of the problems with sustainability is that, as a concept to strive for, it doesn't exactly excite the business imagination. As a visiting environmental chemist recently put it: "Sustainability it's so boring. It's just...
Climate Change-A New Economic Age
When former Midnight Oil lead singer Peter Garrett says the "time has come", these days he's talking about the need to tackle what he describes as the "biggest economic, social and environmental challenge of our time--dangerous climate change". ...
Comment on Breaking Bad News
As economic pessimism bites, the odds are that business managers will be faced with the task of breaking bad news, such as price rises to customers, and job cuts to staff. Bad news is bad news no matter how you spin it. It changes people's futures....
Common Sense Rules for Conflict Decisions: Both Experienced and New Company Directors Can Benefit from a Straightforward, Plain Language Explanation of Conflicts of Interests-And How to Avoid Them
HIGHLY experienced directors are expected to have a good grasp of the law and rules surrounding conflicts of interest. New directors should have the subject covered in their induction on the responsibilities and duties as a director and be able to...
Conquering Conferences
Q I am booked to attend an overseas conference shortly. The overall cost is quite high and I really feel that I need to make sure I squeeze the maximum value from the trip. Do you have any helpful recommendations? A It is worth preparing to get...
CSR and Business Sustainability: HR'S Leadership Role International HR Expert Brian Glade Gave the Keynote Address at the Recent HRINZ Conference in Wellington. This Is an Edited Version of His Presentation on a Significant Leadership Opportunity for the HR Profession in an Area of Growing Importance for Business Success-Sustainability
I know you have read about the recent shift by corporate leaders towards viewing socially responsible business practices as a strategic issue--rather than a peripheral issue related to brand perception and public relations. I will discuss what that...
Dodgy Medical Certificates-Can You Ignore Them?
An apple a day might keep the doctor away, but some employees actually want to take a day off work. The answer--the time-honoured sickie. Proving illness is generally either unnecessary or relatively straightforward. The Holidays Act only requires...
Getting the Best from Temps
More firms are hiring temporary staff--for all sorts of reasons. They may want to bridge the gap between permanent workers, cover special or maternity leave, bring in specialist skills for specific projects, or cover peaks in work flow. To get the...
Grading the Board: Board Evaluations, Based around Recognised Best-Practice Models, Are Widely Seen as an Important Method for Developing Better Corporate Governance
CORPORATE governance is defined by the OECD as the "structure through which the objectives of the company are set and the means of attaining those objectives and monitoring performance are determined". The importance of good corporate governance...
HR Key for New GM: Tom Hart Has Been Appointed General Manager for Consulting Firm Sheffield, Freeing Up Christien Winter from Her Role as Managing Director to Allow Her to Resume Full-Time Consulting Work
TOM Hart has a sales and marketing background in the pharmaceuticals sector, rising to managing director of Astra and Astra Zeneca New Zealand and into the same position in Malaysia/Singapore, which he held from 2002-2006. He has a strong affinity...
In the Dark on Emission Risks
Go to your next shareholders' meeting and ask if the firm you own part of has assessed its emissions--and has a plan to deal with them and their cost. It's likely you'll find only seven out of every 100 firms have even measured their emissions,...
Managers Abroad: Linda Jenkinson Is Based in the United States and Runs a Number of Diverse Companies across Many Countries
What prompted you to seek work out of New Zealand? I left New Zealand to pursue an MBA at The Wharton School, University of Pennsylvania. I was a typical Kiwi looking to my OE and planned to spend six years abroad--two years pre MBA, MBA, and two...
MBAs Go Global
The ability to work cross culturally around the world is now a vital skill set for managers, and management education needs to reflect this more globalised business model. That's according to director of the Graduate College of Management at Queensland's...
New Zealand-Australia Director Pay Gap Narrows
HAS it ever been less fun to be a corporate director? According to Sheffield's 2008 Director Remuneration Survey, in partnership with Business New Zealand, directors at 290 New Zealand organisations report that the workloads are heavier and the risks...
Now for Social Entrepreneurs
The factory state is dead. But the state still grows. How come? And what will future governments do about it? The theory has been that in developed economies large-scale mass-produced state activity delivered by large monoliths would follow the...
Rebooting a Retail Icon: When Sally Macdonald Took over as CEO of Oroton Group in 2006, the Iconic Australian Brand Was in the Middle of a Major Restructure Following a Net Loss of A$9.1 Million. since Then Both Share Price and Profits Have Bounced Back Up. What Was the Turnaround Recipe?
[ILLUSTRATION OMITTED] Building on the strength of core brands (Oroton and Polo Ralph Lauren) while making the tough decision "to put the other kids in a foster home" was a big part of the turnaround tactic for the troubled Oroton Group, its CEO...
Redesigned Work Helps Keep Older Workers
Smart organisations are redesigning jobs to retain older workers and keep their years of experience, according to research by the EEO Trust. "Employers are making big efforts to retain skilled staff," says Philippa Reed, EEO Trust CEO. "Many...
Rod McGeoch: Bridging transTasman Relationships: Leading the Leadership Movement: Mark Peart Attended a Recent Australia-New Zealand Leadership Forum Event in Sydney and Caught Up with the Australian Co-Chairman Rod McGeoch. They Discussed the transTasman Relationship, Common Currencies and Why Australia Needs to Be a Little More Sensitive
[ILLUSTRATION OMITTED] There are few assets more prized among those working on the top-level advancement of the transTasman economic and trade relationship than Roderick (Rod) Hamilton McGeoch. This is chiefly because of his role as Australian co-chairman...
Sailing's Golden Mile: Wind in the Sails: Collaboration Means Global Success for the Businesses That Make Up Auckland's Marine Industry Cluster. the 70 or So Marine Companies Rely on Each Other-And a Strong Industry Organisation-For Their Success. Ellen Read Takes a Look at How This Works
[ILLUSTRATIONS OMITTED] The first of the superyachts are arriving in Auckland right now to a) avoid the tropical hurricane season and b) take advantage of Westhaven's Marine Industry Cluster for service and maintenance. The marine industry is...
Start-Up Firms and Corporate Governance
THE New Zealand economy has slowed. Much of the blame is placed on macro-economic factors and the volatility of international markets; a sort of fatalistic conclusion that militates against the rugged self-reliance and innovative capability for which...
Taking an Economic Gamble
Some news media early in August were highlighting optimistic Ministry of Agriculture and Forestry expectations that a post-drought farming recovery would give a boost to the economy. It would contribute to 2.3 percent real growth in gross domestic...
The Balance of Power
I THINK I've watched too many American programmes where the chair of the board, dissatisfied with a debate, leaps from their chair with a casting vote or veto. The room falls quiet and the matter is concluded. Just like that. The chair's decision is...
The Political Outlook for Business: A Break in the Clouds? through Nine Years of Labour-Led Governments, Business Has Been Gloomy about the Operating Environment Even Though Profits Have Been Good. Is the Gloom about to Lift?
A superficial reading of the spring lift in business confidence might credit it to the prospect of a National-led government headed by a man from business. Actually, it had more to do with the usual end to winter gloom, the fall in oil prices, the...
The Road to Regulation in New Zealand
WITHOUT a doubt New Zealand needs international investment to support our economic development. However, to attract foreign investment New Zealand needs a credible regulatory regime within which investors can put their confidence and trust. New Zealand...
Trend Spotting: 11 Signs of a Successful CEO: There Is No More Critical Organisational Decision Than the Choice of Chief Executive. Kevin Gaunt Has Been Watching CEOs for Years, Both as a Management Consultant and as CEO of NZIM's Northern Region
Observing chief executives in action has been part and parcel of my working life for a good many years. My roles in both general management and management consulting gave me the opportunity to observe a number of new chief executives. Sometimes they...
What They Teach You at Harvard Business School
WHAT THEY TEACH YOU AT HARVARD BUSINESS SCHOOL * PHILIP DELVES BROUGHTON * PENGUIN * RRP $37.00 After a few months at Harvard Business School, Philip Delves Broughton was torn between a conviction that business had "become its own freak...
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