The regulator says it welcomes feedback on its handbook draft
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The Financial Markets Authority (FMA) has announced it has revised its corporate governance handbook.
The FMA updated the 2014 handbook and included developments in corporate governance since then – including non-financial reporting, director and executive remuneration, and auditors.
Earlier this year, the NZX has published an updated corporate governance code (NZX Code) for companies listed on its markets.
“Based closely on the principles of our corporate governance handbook 2014, we see the NZX Code as the primary guidance on corporate governance practices for NZX-listed companies,” the FMA said.
“The focus in our revised handbook shifts away from listed companies, but remains a practical guide for directors and executives of New Zealand-based companies and entities of various types and size, to help them apply corporate governance principles effectively.”
In line with this, the FMA said it is open to comments and suggestions about the handbook’s intent, content and presentation.
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No insider trading with Xero case
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The FMA updated the 2014 handbook and included developments in corporate governance since then – including non-financial reporting, director and executive remuneration, and auditors.
Earlier this year, the NZX has published an updated corporate governance code (NZX Code) for companies listed on its markets.
“Based closely on the principles of our corporate governance handbook 2014, we see the NZX Code as the primary guidance on corporate governance practices for NZX-listed companies,” the FMA said.
“The focus in our revised handbook shifts away from listed companies, but remains a practical guide for directors and executives of New Zealand-based companies and entities of various types and size, to help them apply corporate governance principles effectively.”
In line with this, the FMA said it is open to comments and suggestions about the handbook’s intent, content and presentation.
Related stories:
No insider trading with Xero case
FMA files criminal charges
