Company directorships, governance & administration

Assistance with company governance and administration, including providing professional and independent directors. 

The role of company director

The role of external company directors is to:

  • offer fresh thinking and provide additional skills and knowledge
  • encourage accountability and transparency
  • reduce risk for the company and other Directors
  • consider the strategic vision for the company
  • have extensive networks to help the company grow

Baker Tilly Staples Rodway can provide independent directors who can take a formal appointment to boards of directors.

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, despite not being involved in the day to day management of the company, directors 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 the director’s duties are properly carried out, matters are fully considered and risks are properly managed.

nz flag

New Zealand resident directors

All New Zealand incorporated are required to have at least one director who is either living in New Zealand or living in Australia and is 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.

Improve governance to accelerate performance

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:

  • Composition of the Board of Directors
  • Reviews of Board Performance
  • Advisory Board memberships
  • Audit committee members
  • Strategic reviews of business activities
  • Reviews of Management performance and alignment to strategic objectives

Advisory board members generally operate as mentors, and may attend Board meetings as an independent advisor to a Board.

signed doc

Company administration

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 have Companies Office policing of those requirements and their willingness to penalise company directors for non-compliance.

Baker Tilly Staples Rodway is a safe pair of hands who currently handle company administration requirements for hundreds of companies.

Services

News

25 Feb 2021

Construction industry future looking confident for 2021

Listening to business leaders over the past few months, the general outlook for 2021 is: despite the...

24 Feb 2021

Secret agents: choosing the right people and tools to meet new privacy obligations

Data has become the currency of modern business – and with that comes real obligations.

18 Feb 2021

Tax Talk | Government support payment available

With the government’s announcement that Level 2 restrictions will remain in force until Monday in Auckland,...

17 Feb 2021

Most important changes in the Trust Act in 70 years

The most significant changes to the Trusts Act in 70 years come into effect this year. This summary has...

15 Feb 2021

Tax Talk | Key upcoming tax items

With 2021 getting off to a roaring start, there are a number of tax issues which you may need to consider....

05 Feb 2021

Tax Talk | The new 39% tax rate

The Government has passed legislation to implement a new top personal tax rate of 39% applying on income over...

03 Feb 2021

New Directors in our Taranaki and Hawkes Bay Firms

We're delighted to confirm the appointment of two new Directors in our network of Member Firms. Andrea...

25 Jan 2021

New Year's Resolutions for your business

During the Christmas/New Year break many people take some time to reflect on the year that has been and...

22 Jan 2021

COVID-19 jabs: can employers force staff to be vaccinated?

With the first COVID-19 vaccine being rolled out and further vaccines not far behind, many businesses...

19 Jan 2021

New normal or back to normal? Why the remote working revolution isn't here yet.

The COVID-19 pandemic isn’t yet over, but already there’s a rush to analyse the impacts and results...

21 Dec 2020

Can domestic tourism save holiday towns?

Domestic tourism is seen as the poor cousin to international overseas arrivals, but with borders likely...

18 Dec 2020

Picking up in the 21st century!

You’d be forgiven for thinking this was an article on successful dating strategies in this tech age.

14 Dec 2020

The year that was: what 2020 meant for NZ businesses

Catastrophe? Or not so bad, really? For New Zealand businesses, the view of 2020 depends on which sector...

05 Dec 2020

Tax Talk | Inland Revenue crackdown on property speculators

In the last couple of weeks, Inland Revenue have sent out letters to taxpayers who may have sold properties...

03 Dec 2020

Tax Talk | New top tax rate

The Government has passed legislation to implement a new top personal tax rate of 39% applying on income...

01 Dec 2020

Privacy Act Changes 1 Dec

On 1 December, significant changes to the Privacy Act come into effect. Our Technical Specialist Nicola...

25 Nov 2020

Please, take a seat

As an organisation, Baker Tilly Staples Rodway Taranaki has a vision statement that forms our decision...

24 Nov 2020

Mastering difficult conversations

The art of having a difficult conversation is not something that necessarily fits within the Kiwi cu...

20 Nov 2020

Payroll fraud within entities

What is payroll fraud?In recent years there has been an unfortunate marked increase in payroll related...

13 Nov 2020

Government expands small loan scheme

The government has announced an expansion of the small business loan scheme (SBLS), a COVID-19 related...

10 Nov 2020

Getting Big Gear through a tight spot

The story of a COVID-19 prompted business transformation which has brought renewed confidence and a new...

04 Nov 2020

Fundraising – how to gain more sponsorships using marketing

In our previous articles we have established that now is the time to take stock and adapt to ways of...

29 Oct 2020

Know your why: moving beyond anti-money laundering compliance

For accountants and lawyers, being included in New Zealand’s anti-money laundering/countering financing...

23 Oct 2020

Tier 3 and 4 NFP standards – have your say

It is hard to believe it has been five years since the Tier 3 and 4 Not-For-Profit standards were introduced....

Find an expert