New Zealand Corporate Boards in Transition: Composition, Activity and Incentives Between 1995 and 2010

Type of content
Journal Article
Publisher's DOI/URI
Thesis discipline
Degree name
Publisher
University of Canterbury. Department of Economics and Finance
Journal Title
Journal ISSN
Volume Title
Language
Date
2013
Authors
Boyle, G.
Ji, X.
Abstract

We document changes in New Zealand corporate board characteristics between 1995 and 2010, a period centred around the 2003 governance-focused reforms of NZX list- ing rules and recommendations. Unsurprisingly, the representation of non-executive, independent and female directors on NZ boards rose during the period, as did real chair and director fees and the importance of board committees, while average board size fell. Perhaps more surprisingly, much of this movement occurred before 2003. Moreover, there are some intriguing differences between New Zealand and other, mainly larger, countries. We use this information to identify a number of unan- swered questions about New Zealand corporate boards.

Description
Citation
Boyle, G., Ji, X. (2013) New Zealand Corporate Boards in Transition: Composition, Activity and Incentives Between 1995 and 2010. Pacific Accounting Review, 25(3), pp. 235-258.
Keywords
finance, corporate governance, board of directors, board structure
Ngā upoko tukutuku/Māori subject headings
ANZSRC fields of research
Field of Research::15 - Commerce, Management, Tourism and Services::1503 - Business and Management::150303 - Corporate Governance and Stakeholder Engagement
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