Directors, employees in spotlight for full personal liability
OPINION: Without constitutions, two in three companies in NZ cannot provide insurance for their directors or employees.
Paul Moodie
Sat, 16 Jul 2022
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Startling figures from the Ministry of Business, Innovation and Employment confirm that of the 701,710 companies on the New Zealand register, 469,951 companies do not have constitutions. This exposes the directors and employees of these companies to full personal liability.
The Companies Act 1993
Want to read more? It's easy.
Choose your subscription
Already have an account? Login
Smartphone Only Subscription
NZ$29.95 / monthly
Subscribe Now
Monthly Premium Online Subscription
NZ$49.95 / monthly
Subscribe Now
Smartphone Only Annual Subscription
NZ$299.00 / yearly
Subscribe Now
Yearly Premium Online Subscription
NZ$499.00 / yearly
Subscribe Now
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly
credit card debit
Subscribe Now
Yearly Premium Online Subscription + NBR Marketplace
NZ$999.00 / yearly
Subscribe Now
Individual
Group membership
NBR Marketplace
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Paul Moodie
Sat, 16 Jul 2022
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
