Deloitte: Business leaders need to catch up

  • Tech
  • February 11, 2019
  • Radio New Zealand
Deloitte: Business leaders need to catch up

Company directors will need more than basic business accumen to execute leadership while technology becomes more prevalent and shareholders more engaged.

A how-to-guide to better corporate governance by consultancy firm Delloite, said board members needed to be agile, curious, humble and intelligent, with the technical knowledge necessary to navigate the future.

Deloitte partner Brett Tomkins said while international directors were already aware of such challenges, those in New Zealand were not.

"New Zealand really needs to, in some ways, catch up."

He said local companies also lacked transparency in reporting on environmental, social and governance issues.

"Boards make decisions today that reach far into the future and as such need to ensure they assess, reimagine and challenge their organisations impacts."

Directors had to think long-term when they made short-term decisions, Mr Tomkins said.

"It's very easy to focus on one group of stakeholders. But, if you want to create value over the long-term, you really do need to understand how those stakeholders, and their needs, inter-relate."

This story originally appeared on Radio New Zealand

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.

Gallery: talented TVNZ-NZ Marketing Awards winners

  • Gallery
  • September 17, 2019
  • StopPress Team
Gallery: talented TVNZ-NZ Marketing Awards winners

Last week, DB Breweries was crowned the Supreme Award winners of the TVNZ-NZ Marketing Awards, while Jo Mitchell from McDonald’s New Zealand was celebrating her Marketer of the Year win and Philip Poole was inducted into the Marketing Hall of Fame. Check out all the glorious winners moments here.

Read more
Next page
Results for

StopPress provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2019 ICG Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.


Contact Vernene Medcalf at +64 21 628 200 to advertise in StopPress.

View Media Kit