Codes Of Corporate Governance Principles
NZX Corporate Governance CodeUnder Rule 10.4.5, NZX has a set of principles and recommendations, the NZX Corporate Governance Code (the NZX Code), that all Main Board listed companies must report against. The overarching purpose of the NZX Code is to promote goodcorporate governance, recognising that boards are in place to protect the interests of shareholders andto provide long-term value. The NZX Code is a comply or explain regime, meaning if an issuer does not report against the recommendation of the code, it must explain why not.
The NZX Code can also be found under appendix 16 (pre-2019) or appendix 1 (2019 onwards version) of the Main Board Rules. The Code is available to view below. Environmental, Social and Governance Guidance Note (ESG Guidance Note)NZX has published a guidance note relating to environmental, social and governance (ESG) reporting designed to accompany the NZX Corporate Governance Code (the Code). This guidance note provides a resource to NZX issuers to understand the benefits of ESG reporting, provide information about global frameworks, and support the effective communication of ESG opportunities and risks to investors and other stakeholders. The guidance note also includes information on green bonds and can be read.
Codes Of Corporate Governance Principles For Banks
Corporate Governance involves the processes and procedures used to manage the business affairs of a company and includes the structure and balance of power between the management and board. This section provides bios of board and committee members, as well as charters and codes of conduct developed for the various committees.