Claire Evans on LinkedIn: Proposed Company Law Reforms (2024)

Claire Evans

Partner and National Legal Leader at PwC, Corporate Lawyer

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Big Changes Ahead for NZ Company LawOn 15 August 2024, the Government unveiled a major two-phase reform of the Companies Act 1993, the first significant update since its inception. These changes aim to enhance transparency, accountability, and efficiency in the business landscape.Key Highlights:-Unique IDs for Directors:Track individuals across business entities to curb illegal practices.-Privacy Enhancements:Directors and shareholders can now list a service address instead of their home address.-Modernization & Digitization:Simplified processes for reducing share capital, streamlined major transactions, and increased online actions.Insolvency Law Updates:Extended clawback period for transactions with related parties to four years.-NZBN Integration:Streamline business connections and transactions.The second phase will review directors' duties, liability, and enforcement mechanisms, addressing issues from recent high-profile insolvency cases.PwC Legal is here to guide you through these changes. Reach out to our partners for more insights. Stay tuned for updates as we help you navigate this new regulatory environment.#CompanyLaw #BusinesReform #PwCLegal #Transparency #Efficiency #NZBusiness

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AJ Millward

Managing Director/Owner, Transcend Consulting Ltd; Board member, Destination Southern Lakes and Free For All

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    Partner and National Legal Leader at PwC, Corporate Lawyer

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    We’ve just launched the latest edition of our M&A Quarterly Update.This edition covers April to June 2024 and reveals that deal activity has increased with 52 deals announced.Private equity investors accounted for 17% of the total deals (52 deals) up from 8% (26 deals) in Q1.48% of deals in Q2 (25 deals) involved domestic buyers, compared to 58% (15 deals) in Q1.Consumer emerged as the most active sector, accounting for 23% of deal activity (12 deals), followed by Business Services at 17% (9 deals).This edition also covers the M&A outlook for the rest of the year and advice for businesses preparing for sale with Rod Harris and Damian Tuck. Rod outlines the latest trends coming out of PwC’s Global M&A Industry Trends: 2024 Mid-Year Outlook. Damian explores the key considerations for businesses working towards a sale including the amount of time needed to prepare.https://lnkd.in/g9hf-9vP

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  • Claire Evans

    Partner and National Legal Leader at PwC, Corporate Lawyer

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    If you haven't heard from 🎙Hilary (Hils) Walton on AI and tech then you are missing out on understanding the possibilities that this tech will have on our future work and governance. Highly recommend that you head along to this event.

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  • Claire Evans

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    It was a pleasure for PwC New Zealand to host Women on Boards New Zealand last night - great to see so many omwen board members making the most of the night! #womeningovernacne #beintheroom #networking #imposter #doitanyway

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  • Claire Evans

    Partner and National Legal Leader at PwC, Corporate Lawyer

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    WOMEN IN GOVERNANCE AWARDS It's time to submit your nominations - ENTRIES CLOSE 26 JULY!The finalists and award winners are celebrated at a gala dinner on 19 September 2024, Suffrage Day to be held at the Hilton Hotel, Auckland on Thursday 19 September 2024.Here are four great reasons to enter today:Celebration – let the sun shine on you! Share your success, hard work and achievements with colleagues, family, friends and industry.Inspire others - tell your story and inspire others in their own governance journey. Inspire organisations to achieve gender balance and equity on their own boards. Industry and peer recognition – Some achievements deserve to be shouted from the rooftops! Nominate yourself, a colleague, your organisation for the chance to be rewarded for your well-earned achievements. Publicity and promotion – All those recognised at the Women in Governance Awards will be named and promoted in all coverage across website and social media platforms, and in Media Releases to all key media. The Winners and finalists will also receive a certificate showcasing their contribution to the profession. Visit the website for full details and nomination form, https://lnkd.in/gX56f2cU #WomenInGovernance #CelebrateWomen#EmpowerWomen #InspireChange #GenderEquality #WomenLeaders#WomenOnBoards #GovernanceAwards

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Claire Evans on LinkedIn: Proposed Company Law Reforms (2024)

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