We provide assistance with company governance and administration, including professional and independent directors.
The role of external company directors is to:
These appointments are valuable where stakeholders appreciate the benefits of a professional and independent board member who can provide specialist skills in all of the above areas.
It is important to be aware that directors who aren't involved in the day-to-day management of the company can still be subject to prosecution, fines and even imprisonment if there are accidents or financial issues. Because of this, being a director means that there should be active engagement and commitment of time to ensure that duties are properly carried out, matters are fully considered and risks are properly managed.
All New Zealand incorporated companies are required to have at least one director who is living in New Zealand, or who is living in Australia and also a director of an Australian company.
If you represent a New Zealand company that requires a New Zealand resident director we would be happy to discuss taking on the role. In that case, one of our directors would become a director of the company, enabling it to comply with this requirement.
Company directors are just one part of company governance. As companies grow in size, demands increase from stakeholders, financiers and regulators. The design of appropriate governance structures to support business owners and operational management is therefore vital. Key points to be decided when reviewing governance matters include:
Advisory Board members generally operate as mentors and may attend Board meetings as an independent advisor to a Board.
It's not just the annual return! Any time there are changes in ownership, directorship or many other matters, Companies Act requirements must be met. The administration requirements for New Zealand incorporated companies have increased over recent years, as has Companies Office policing of those requirements and its willingness to penalise company directors for non-compliance.
Baker Tilly Staples Rodway is a safe pair of hands that handles company administration requirements for hundreds of companies.
Choose your location for better results
Support for all stages of the process when you are looking to expand by acquisition.
Providing expert opinion, economic loss assessments and other support for litigators.
New Zealand’s foreign investment fund (FIF) rules have created much angst for Kiwis over the decades of their existence. These rules apply primarily to tax New Zealand tax residents who directly own shares, costing more than $50,000, in foreign companies (excluding Australian listed shares).
Amid macroeconomic pressures, geopolitical tensions and technological disruptions, businesses are reassessing their models and strategies. Those with a clear vision for growth will be best positioned to thrive.
From our whānau to yours as the year draws to an end, a sincere thank you for the opportunity to do business in 2024. We wish you an enjoyable, well-earned break over the festive season, whenever your holiday begins. See you in 2025!
As a small business owner, maintaining a positive relationship with your bank can be a cornerstone of your business’ success.
As the year wraps up, it’s a great time to acknowledge your team’s hard work and prepare for a fresh start in 2025.
There are many reasons people go into business, including having a new bright idea, wanting to change the world, wanting to be their own boss or thinking they can do better than other businesses.
Since the Covid pandemic, New Zealand has seen a record immigration boom to fill major skills shortages. While the gains are now slowing, in the year to August we’ve seen a net 53,800 new Kiwis arrive on our shores. As a result, today’s workplaces have grown in cultural diversity.
It’s the 25-year anniversary of our Staples Rodway New Zealand network. Today we look back on our history and the moment of serendipity that led to what one director describes as “the strangest bit of due diligence” he’s ever been involved in.
While restructures are commonly talked about and various behavioural issues emerging, a theme in workplaces at the moment is a rise in absenteeism.
Inland Revenue has released draft guidance on share investments and it’s a helpful reminder that capital gains are sometimes taxed in New Zealand.
It is important that your business is structured for success, in both good times and bad. Reviewing and restructuring staff roles and responsibilities can ensure that you have the right roles in place to meet your business demands.
What do people say about your business when you’re not in the room? Whatever it is… that is your brand!
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