What makes a director independent and why does it matter?

What makes a director independent and why does it matter?
Shareholders should want to be sure directors are aligned with their interests, Oliver Mander said. (Image: Getty)
Gregor Thompson
What distinguishes an independent and non-independent director can be self-evident.  Rod Duke, the managing director of Briscoe Group, its deputy chair, and its largest shareholder, is clearly not independent.However, when expatriate businessman Jim Grenon proposed replacing NZME’s board and nominated himself and three others at the coming annual general meeting in April, the company indicated it had some due diligence to do.    In an update to shareholders about the director nomination, NZME chair Barbara Chapman said the...

More Markets

Leaders, property sector helps drive NZ stocks higher
Markets Market Close

Leaders, property sector helps drive NZ stocks higher

The S&P/NZX 50 Index was 62.33 points or 0.46% higher at 13,514.09.

Jamie Gray 03 Oct 2025
Northport expansion gets green light, updated conditions
Infrastructure

Northport expansion gets green light, updated conditions

Shares in Port of Tauranga, which owns 50% of Northport, rose 2% after the news.

John Anthony 03 Oct 2025
Govt outlines strategy to deliver Defence Capability Plan
Economy

Govt outlines strategy to deliver Defence Capability Plan

The economy and NZ industry would be beneficiaries.

Staff reporters 03 Oct 2025
RBNZ resists capital settings-research criticisms
Finance

RBNZ resists capital settings-research criticisms

The RBNZ has no intention of extending the deadline for submissions beyond Oct 3.

Andy Macdonald 03 Oct 2025