BRIAN GAYNOR: Our directors don’t understand risk

Sat, 12 Sep 2020

The latest Productivity Commission report ‘New Zealand boards and frontier firms’ looks at the performance of our boards of directors. The study is based on the general premise that big companies have greater productivity than smaller companies, that NZ doesn’t develop enough large companies and, as a consequence, the country’s productivity is relatively low.Why don’t we create great large companies and what must we do to reverse this situation?Our stock exchange giantsThe following table shows the largest NZX...

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