The guide has been updated to bring it in line with corporate governance developments globally
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The Financial Markets Authority (FMA) announced yesterday it has released its updated Corporate Governance handbook for financial advisers.
The handbook has been refreshed to remove any unnecessary overlap with the NZX Code, particularly to ensure the NZX Code is the primary source for requirements for listed companies.
The FMA has also updated the guide in a number of places to bring it in line with corporate governance developments in New Zealand and globally.
The revised handbook is designed as a guide for a wide range of companies and businesses including those who want to raise capital or list on the NZX in the future.
FMA director of strategy and risk Simone Robbers said: “The FMA is particularly keen for businesses involved in New Zealand’s financial markets to consider the principles and how they can work towards meeting them.
“Adopting the principles in the handbook will provide companies and businesses with a solid base for future growth, value creation, investor confidence and long-term sustainability.”
The FMA added it will continue to engage with listed companies, the NZX, the Institute of Directors and other interested parties to ensure standards of corporate governance continue to rise.
Read the Corporate Governance handbook here.
