Simon Power has been a breath of fresh air on corporate governance and in just over two years he has bought more reforms than in the past decade or more, the New Zealand Shareholders' Association said.
Simon Power has been a breath of fresh air on corporate governance, and in just over two years he has bought more reforms than in the past decade or more, the New Zealand Shareholders' Association said.
Mr Power said yesterday that he is retiring at the general election later this year after 12 years in Parliament as National MP for Rangitikei, including three as a minister.
The high-flying 41-year-old has long been seen as future leader and his decision stunned Prime Minister John Key.
The association, which represents shareholders, said Mr Power very quickly recognised on taking office that New Zealand's corporate governance was in a parlous state.
He took an inclusive approach, listening to and considering the views of all interested parties, including the association.
"Simon Power will leave a lasting legacy in the form of the Financial Markets Authority. This very long overdue agency pulling together a number of previous silo entities may ensure investors can have much more confidence than at present," the association said.
