NZ companies still relatively opaque on reporting remuneration, stakeholder interests, FMA finds

Wed, 03 Aug 2016

By Jonathan Underhill Aug. 4 (BusinessDesk) - New Zealand companies generally got a pass mark from institutional investors in terms of their corporate governance but garnered relatively low scores in terms of reporting stakeholder interests and remuneration, the Financial Markets Authority says. The FMA reviewed 45 listed and unlisted companies against nine corporate governance principles set out in a handbook it published in 2014 and surveyed fund managers about their confidence in current standards. The survey found about 46 percent of...

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