Stakeholder governance - A call to review directors’ duties

The world of business is experiencing a perfect storm – the pandemic, climate change and social inequality are all presenting business leaders with some of the most extreme economic and social dilemmas in generations.

This paper by the Institute of Directors and MinterEllisonRuddWatts (July 2021) outlines the evolving corporate governance landscape in relation to stakeholders. It includes significant developments and trends around the world and in New Zealand, relevant law in New Zealand and also provides guidance for boards. It concludes with a call for the Government to review the framework for directors’ duties in the Companies Act 1993.