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
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Former NZSA policies, now withdrawn, are shown below: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Withdrawn: Nov 2020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 3: Dividends and Imputation Credits
Withdrawn: April 2023
Reason: Superseded by Policy 23 (Capital Management)
Policy 7: Non-executive Directors
Withdrawn: June 2024
Reason: Superseded by Policy 6 (Independent Directors) and provisions in Policy 17 (Board Composition)
Policy 9: Equitable Treatment of Shareholders in Capital Raise
Withdrawn: April 2023
Reason: Superseded by Policy 23 (Capital Management)
Policy 11: Role of the Company Secretary
Withdrawn: Apr 2022
Reason: Superseded by Policy 21 (Independent Advice for the Board)