Law Society: a full review of Companies Act is needed

Law Society: a full review of Companies Act is needed
B Lab AANZ's written submission brought up economist Milton Friedman. (Image: Getty)
Greg Hurrell
A full review of the 30-year-old Companies Act is needed, rather than making a few ad-hoc changes that could have unintended consequences, the Law Society says.The New Zealand Law Society (NZLS) is one of 56 organisations and individuals that have made submissions on the Companies (Directors Duties) Amendment Bill. The legislation aims to allow company directors to take into account wider non-financial issues as part of their duties towards their business.The bill, from Labour MP Duncan Webb, was drawn from the members’ ballot last Septem...

More Law & Regulation

New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

Agribusiness NCEA removal will 'impact economy'
Law & Regulation

Agribusiness NCEA removal will 'impact economy'

Meanwhile, accountants are pleased at the reinstatement of the subject at Level 1.

Auckland housing project withdrawn from fast-track
Policy

Auckland housing project withdrawn from fast-track

The developer plans to lodge a fresh application after draft decline.

ANZ agrees to record A$240m fine for widespread misconduct
Markets

ANZ agrees to record A$240m fine for widespread misconduct

ANZ has agreed to pay the largest penalty its Australian regulator has ever issued an entity in one go, due to failings in the bank’s dealings with both the Government and its retail customers.ANZ and the Australian Securities and Investments Commission (ASIC) will ask the Federa...

Staff reporters 15 Sep 2025