How many boards should a director sit on?

NZX board concentration gets discussed, but is it that bad? (Image: Depositphotos)

Sat, 13 Apr 2024

Boards are a big deal. At New Zealand’s largest 80 listed companies, there are more than 400 independent directors. That’s a lot of meetings, planning and governance. In theory, shareholders appoint board members to represent their best interests. The reality is they just get to vote for the nominees or against the incumbents. Arguably, you, as a minority, can’t change much, although if you are a major shareholder you probably helped with the nominees. BlackRock might tell you they are trying to change that wit...

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