How governance reform improved performance of New Zealand’s public sector corporate entities

In the current issue of Governance (24.3, July 2011), Krishna Reddy, Stuart Locke and Frank Scrimgeour (University of Waikato) examine the effect of corporate governance practices on the performance of New Zealand’s public sector corporate entities.  New Zealand’s reforms of the 1980s emphasized the need for public sector organizations to emulate the practices of private sector companies.  “Public sector corporate entities in New Zealand have complied with the Securites Commission’s guidelines for good governance practices,” they conclude, “and that compliance has improved financial performance.” Read the article:  The Relationship Between Corporate Governance Practices and Financial Performance in Public Sector Corporate Entities.