Magazine article New Zealand Management

EDITOR'S LETTER: Making the Grade

Magazine article New Zealand Management

EDITOR'S LETTER: Making the Grade

Article excerpt

Byline: Ellen Read

Corporate governance is continuing to develop in New Zealand according to the fourth annual C[pounds sterling]Directions Co Understanding GovernanceC[yen] survey. ThatCOs the good news. The not so good news is that, according to the latest results, an alarming 35 percent of New Zealand shareholders are not satisfied with the job done by company directors. Survey authors Jens Mueller and Sandy Maier unveil the latest C[pounds sterling]DirectionsC[yen] findings in our cover story and award some bouquets and some brick bats. See page 64.

Governance expert Doug Matheson discusses the strategic impact of the recession for the countryCOs directors. The economic downturn is affecting all organisations Co public and private companies, the public sector, not-for-profit organisations, trusts Co meaning directors are grappling with uncertainty of a magnitude few have experienced before. To meet the challenges many boards must change the way they work, he says. The most important aspect of dealing with the impacts of the recession is the mindset of the directors Co their reaction to the situation the organisation faces will determine how the board considers the issues and how it acts. …

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