Policy Statements

New Zealand Shareholders Association Policy Framework Statement

The policies prepared by the NZ Shareholders Association around Listed Companies have as their core the NZX and ASX listing rules and governance standards.

The policies are a position adopted by the NZ Shareholders Association derived from evidence-based research, industry / professional bodies or internationally accepted best practice. NZSA may choose to consult with its members and/or external agencies in formulating policies.

These policies are used by NZSA to review the actions of listed entities. The policies are not a substitute for the exercise of critical judgement in any area.

NZSA Policies

Policy #1: Directors Fees

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Date Approved:  March 2022
Effective From: January 2022

Future Review...

Policy #3: Dividends and Imputation Credits

Date Approved: July 2018
Effective From: July 2018

Future Review Date: tbd

Application: This...

Policy #4: Employee Engagement and Whistleblowing

Date Approved: July 2018
Effective From: July 2018

Future Review Date: tbd

Application: This...

Policy #5: Executive Remuneration

Date Approved: July 2018
Effective From: July 2018

Future Review Date: tbd

Application: This...

Policy #6: Independent Directors

Date Approved: July 2018
Effective From: July 2018

Future Review Date: tbd

Application: This...

Policy #7: Non-executive Directors

Date Approved: July 2018
Effective From: July 2018

Future Review Date: tbd

Application: This...

Policy #8: Political Donations

Date Approved: July 2018
Effective From: July 2018

Future Review Date: tbd

Application: This...

Policy #9: Equitable Treatment of Shareholders in Capital Raising

Date Approved: July 2018
Effective From: July 2018

Future Review Date: 2022

Application: This...

Policy #10: Audit Independence

Date Approved: July 2018
Effective From: July 2018

Future Review Date: tbd

Application: This...

Policy #12: Golden Parachutes

Date Approved: July 2018
Effective From: July 2018

Future Review Date: tbd

Application: This...

Policy #13: Remuneration Report

Date Approved: July 2018
Effective From: July 2018

Future Review Date: 2022

Application: This...

Policy #14: Director Tenure

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Date Approved:  March 2022
Effective From: January 2022

Future Review...

Policy #15: Future Directors

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Date Approved:  March 2022
Effective From: January 2022

Future Review...

Policy #16: Audit Rotation

Date Approved: July 2018
Effective From: July 2018

Future Review Date: 2022

Application: This...

Policy #18: Independent Directors Share Ownership

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Date Approved:  March 2022
Effective From: January 2022

Future Review...

Policy #19: Shareholder Meetings

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Date Approved:  June 2021
Effective From:  July 2021

Future Review...

Policy #20: Takeovers Policy

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Date Approved:  August 2021
Effective From:  September 2021

Future Review...

Policy #21: Independent Advice for the Board

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Date Approved:  April 2022
Effective From:  April 2022

Future Review...

Former NZSA Policies

Former NZSA policies, now withdrawn, are shown below:

Policy 2: Criminal Matters before the Courts
Withdrawn: Nov 2020
Reason: Now treated as an internal NZSA operating policy

Policy 11: Role of the Company Secretary
Withdrawn: Apr 2022
Reason: Superseded by Policy 21 (Independent Advice for the Board)