Welcome to the Centre for Corporate Governance
The New Zealand Centre for Corporate Governance aims to promote dialogue in the critical area of corporate governance among industry bodies, companies and their boards of directors, investors, professional services firms, academia, and government. The site is tailored for the governance concerns of New Zealand and includes a diverse collection of governance tools, resources and thought leadership from Deloitte and third party sources.
|Cybersecurity...Continued in the boardroom
Not long ago, the term “cybersecurity” was not frequently heard or addressed in the boardroom. Cybersecurity was often referred to as an information technology risk, and management and oversight were the responsibility of the chief information or technology officer, not the board. With the rapid advancement of technology, cybersecurity has become an increasingly challenging risk that boards may need to address.
|M&A - Are CFOs and boards aligned?
Effective merger and acquisition (M&A) decisions depend on strong collaboration and communication between the board and CFO, especially if both parties are focused on creating value by taking strategic risks.
|Financial Reporting Survey Series
Decisions on policies and presentations in the financial statements are influenced by rules, recommendations, regulators and the reality of what is happening in practice. In order to understand how entities apply the financial reporting requirements in practice, we have commenced the Deloitte Financial Reporting Survey Series where we consider a series of questions regarding the financial reports of a sample of New Zealand entities.
Issue 10: Underlying profit 2012
Women in the Boardroom: A Global PerspectiveRecent legislative efforts and other initiatives have helped bring women’s representation in the boardroom to an all-time high. Despite this, nearly 90 percent of the world’s board seats still belong to men. This third edition of the Deloitte Global Center for Corporate Governance’s publication, Women in the boardroom: A global perspective highlights those initiatives, spanning 25 countries and six continents, aimed at balancing the scales in favor of a more diverse and inclusive boardroom.
Directors’ Alert 2013: Lead or be led
Director 360: Degrees of Progress
Navigating annual reporting: Financial reporting checklist for directors
This publication includes questions across ten key areas for directors to ask management regarding the annual report. More >
Accounting Alerts keep you up to date with the latest developments in Financial Reporting. The alert is compiled by our National Technical Team who are continually monitoring changes to New Zealand financial reporting requirements and developments in International Financial Reporting Standards (IFRS), including exposure drafts and discussion papers issued by the IASB and the New Zealand External Reporting Board (XRB). More >
|Model Annual Reports
The model annual reports have been designed by Deloitte to assist clients, partners and staff with the preparation of annual financial statements. The following model annual reports are available. More >
|New resource on sustainability and integrated reporting Jun 26, 2012
A publication by Deloitte, the United Nations Environment Programme and the Centre for Corporate Governance in Africa at the University of Stellenbosch Business School serves to provide an international perspective on integrated reporting, by articulating the views of internationally pre-eminent role players on topical issues associated with integrated reporting and integrated reports. More >
Hot TopicsMBIE and the IOD have released Good Governance Practices Guideline for Managing Health and Safety Risks
Chapman Tripp have provided a two page summary here
The do-or-die questions boards should ask about technology
McKinsey & Company
Board members should raise nine critical questions when discussing technology strategy with IT and business managers.
Step up and engage the board about information security
Your organisation will come under attack. It's not a matter of "if." It's a matter of "when." And security is no longer simply an operational concern. As technology has become the central component of nearly all business processes, security has become a business concern. As a result, information security should sit firmly on the boardroom agenda.
Two-strikes law calls for better board engagement
Lawyers Weekly - Australia
Shareholders are increasingly and unthinkingly voting 'no' on executive remuneration reports because they are not happy with general company performance, a governance forum has heard.
The first panel discussion at the Stakeholder Engagement Today - Corporate Governance Forum 2013, was comprised of a company secretary, general counsel, non-executive director and assistant company secretary...
The board’s role in cultivating a risk-intelligent culture
Cultivating a risk-intelligent culture is more than establishing a code of ethics and completing a risk assessment. Economic events have highlighted weaknesses in many organisations in the area of risk governance and management.
How boards are changing the HR game
To seize new opportunities for sustainable growth and manage heightened risks, boards of directors at high-performing organizations are pulling CHROs much deeper into business strategy – and far earlier in the process.
How To Talk To The Board About Security
Discussions about information security with the board of directors should highlight the most serious risks a business faces and the methods the organisation is employing to manage them.
Tapping the strategic potential of boards
Too many boards just review and approve strategy. Three questions can help them—and executives—begin to do better.
Using the Cloud to store business records: Are you compliant?
Board governance depends on where you sit
Common governance pitfalls and how to overcome them.
The Talent-Intelligent Board: The essential resource
This report offers boards of directors and senior executives a guide to key strategic issues affecting talent. The report will assist in defining the board's roles and responsibilities with regard to talent oversight and will provide ideas, as well as questions to pose to management.
Director 360 Survey:
- Boards expect more scrutiny
Otago Daily Times - 8 December 2012
- New Zealand directors are facing more scrutiny from shareholders in the aftermath of the global financial crisis.
Radio New Zealand - 6 December 2012
- Survey predicts shareholder scrutiny will grow
Unlimited.co.nz - 6 December 2012
- Deloitte Director 360 Survey
TV3 Firstline - 6 December 2012
- Directors worry about regulation
Stuff.co.nz - 6 December 2012
Reporting and audit under IPSA
The Insurance (Prudential Supervision) Act 2010 - IPSA - is here to stay and the reporting obligations are not likely to go away any time soon. We look at questions that need to be asked, and why it is important to consider a review of processes to provide the Board assurance on the accuracy and reliability of this reporting. More >
Bell Gully - Pike River Commission proposes health and safety reform to improve corporate governance. More >
Minter Ellison - Law Commission: Personal liability for directors of corporate trustees . More >
Institute of Directors - On The Edge: Living With Risk. More >
Underlying profit measures under scrutiny
Results of the 2012 Deloitte New Zealand Financial reporting Survey suggest that the disclosure of alternative profit measures in annual reports may need some revision, in light of the Financial Markets Authority’s (FMA) proposed new guidance on non-GAAP financial information. More >
FATCA - Foreign Account Tax Compliance Act
FATCA is a new disclosure and withholding regime. The legislative intent of FATCA is to ensure there is no gap in the ability of the U.S. government to determine the ownership of U.S. assets in foreign accounts. While a US piece of legislation, FATCA is directly relevant to New Zealand business. Under FATCA, foreign financial institutions (FFIs), and non-financial foreign entities are required to report information about offshore accounts and investments held by U.S. taxpayers to the IRS annually. Deloitte U.S. has a FATCA Resource Library and Deloitte New Zealand has commentary here.
Anti Money Laundering and Counter Financing of Terrorism
Organised crime is on the increase in New Zealand, putting your organisation’s success and reputation at risk. The Anti-Money Laundering/Countering the Financing of Terrorism Act, passed in 2009, forms a part of a legislative package that will implement the next stage of reforms to New Zealand’s anti-money laundering regime. The law formally recognises that effective detection and deterrence of money laundering, and associated crime, needs collaboration between the financial sector and government. More >