Thursday 17 October 2024

"Though it's tempting to [always] blame the government for getting in the way of business, there's a lot about Kiwi business that is about getting in the way of itself."


"[T]hough it's tempting to [always] blame the government for getting in the way of business, there's a lot about Kiwi business that is about getting in the way of itself. ... The Mood of the Boardroom Survey & recent remarks by some of this nation's CEOs reflect on the (dubious) quality of New Zealand's boardrooms more than anything else. Namely that most are woke & weak. ...
    "NZ's Big Corporate CEOs will not themselves push productivity-enhancing reforms in their own firms ... They'd prefer, instead, to be Mr Nice Person. Look at the qualifications of many of them - the typical one being in Accounting. Other than that, its law. Lawyers often get on Boards because Kiwi firms want someone to help with compliance - not a person with imagination about where the future of the company should be. ...
    "Before the Productivity Commission was de-commissioned, it identified lack of 'managerial capability' as a contributor to our low productivity. ... Many of our CEOs & Boardrooms are not capable. ... The staff can't make up for a boss who is the wrong boss. ... "

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