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. ... "

1 comment:

  1. Agreed, the private sector can be as bad as government. Not surprising, because we ultimately get the government we deserve. Accepting the status quo of government inevitably leads to the same bad state in business.

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