BRIAN GAYNOR: NZ directors struggling in a changing world

Brian Gaynor
Fri, 17 Jul 2020

Brian Gaynor
Fri, 17 Jul 2020
New Zealand boards of directors, with Metlifecare being a current example, are struggling to deal with takeover offers.This is because the rules of the takeover game have changed dramatically, and most boards have been totally unprepared for these changes.The changes mean that directors now make the first decision on whether a takeover offer is fair and reasonable whereas shareholders made this determination in the past. Directors are in a poor position to make these vital decisions because they haven’t engaged with shareholders, the...
Tenancy law could turn good neighbourhoods into slums: landlords
Brent Melville | Thu, 06 Aug 2020

The new Residential Tenancies Amendment Bill 2020, which passed under urgency yesterday, got the balance right, placed reasonable requirements on both landlords and tenants and would endure through Ne...

MARKET OPEN: Kiwi holds its own as greenback falters, US equities push higher
Rebecca Howard | Thu, 06 Aug 2020

The kiwi dollar continues to hold its own as the greenback is weighed down by poor US data while the domestic share market may take cheer from a lift on Wall Street after positive earnings reports. ...

Listed Companies
Billion dollar hotel developments on backburner until better times
Brent Melville | Thu, 06 Aug 2020

Plans for at least 25 major hotel developments, valued at $2 billion, are gathering dust pending decisions on when, or if, construction will commence in the wake of border closures. The two dozen o...

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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.