Corporate Governance Research on New Zealand Listed Companies
50 Pages Posted: 17 Feb 2012 Last revised: 10 May 2016
Date Written: February 6, 2012
The main purpose of this article is to review and add to approximately fifty years of research on New Zealand listed companies from various disciplines. The main findings are not controversial – corporate governance standards are high by international standards. To be sure, there has been a rolling set of corporate failures in the finance company sector since the global financial crisis – principally involving non-listed finance companies issuing debt securities to the public – but these failures have been comprehensively addressed by recent legislative reforms. In this regard, the article will be of interest to corporate governance researchers seeking a topical review of corporate governance in a small, common law jurisdiction. A key commercial context, however, is supplied by the regional free trade agreement between New Zealand and Australia, the recent free trade agreement between Australia and the U.S. and the much mooted free trade agreement between New Zealand and the U.S. In the event that New Zealand and the USA do enter into a free trade agreement, it is reasonable to expect that USA corporations contemplating investment in New Zealand will take a much closer interest in corporate governance in New Zealand as part of their legal risk assessments.
Keywords: Corporate governance, New Zealand, Boards, Corporate Control
JEL Classification: G34
Suggested Citation: Suggested Citation