New Zealand – Reserve Bank

Corporate Governance Policy – July 2014.

Covering:

Part 1 – Introduction …

1. Corporate governance and the Reserve Bank’s objectives …
2. Principles and practices for good governance …
3. Branches …
4. Conditions of registration …
5. Guidelines …
6. Public disclosure …

Part 2 – Conditions of registration …

7. Standard Conditions …

8. Definitions …

9. Board size and composition …

10. Criteria for independence …

11. Independence of board chairperson …

12. Other exceptions to independence criterion in 10(1)(a)

13. Acting in best interests of the bank …

14. Board audit committee …

15. Variations to standard conditions of registration …

Part 3 – Guidelines …

16. Introduction …

17. Guidelines …

Part 4 – Disclosure requirements …

18. Disclosure requirements …

Appendix 1 – Standard conditions of registration …