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Companies (Directors Duties) Amendment Bill, Economic Development, Science, and Innovation Committee

Companies (Directors Duties) Amendment Bill Submission

The NZCTU supports the Companies (Directors Duties) Amendment Bill, which will contribute to ensuring workers get a fair deal from the value they provide, and that New Zealanders have access to good work. The nature of work is changing, which means that the way businesses operate are also going to have to change. This Bill helps to ensure that Aotearoa New Zealand is heading in the right direction.  

However, more needs to be done to ensure that the considerations outlined in the Bill are an integral component of doing business in Aotearoa New Zealand. These considerations are important kaupapa that need to be implemented properly, not paid lip service by businesses. This will require further external regulation of business.