Corporate governance is the system by which companies are directed and managed. It influences how an organisation’s objectives are achieved, how its risks are monitored and assessed and how its performance is optimised.
GNZ has adopted an overall corporate governance framework that is designed to meet best practice standards and recognises that an effective corporate governance culture is critical to success. This framework is in substantial compliance with the Corporate Governance Best Practice Code (“Code”) recommended by New Zealand Exchange Limited (“NZX”) and the Securities Commission’s Corporate Governance Principles.
At all times, GNZ strives to achieve governance outcomes which effectively balance the needs of GMT, its stakeholders, regulators and the market.
What follows is an overview of the corporate governance framework administered by GNZ which includes the following: