Company Finances
Company Finances Policy 6.1
- Scope
This policy sets out the Board of Director’s responsibilities for the preservation and protection of the Company’s finances.
- Purpose
The purpose of this policy is to set out the Board of Director’s responsibilities for the stewardship of its finances and in the meeting of its legal obligations to do so as well as satisfying the requirements of the Company constitution.
The Governance Policy and Policy Implementation documentation are available upon payment of NZ$50.00 plus GST into the Good Governance nominated bank account.
Annual Accounts & Annual Reporting Policy 6.2
- Scope
This policy sets out the Board of Director’s requirements for the approval of the Company’s Annual Accounts, and the requirements for an Annual Report that is to be prepared and presented to the Company’s Shareholders.
- Purpose
The purpose of this policy is to ensure that all Directors & Shareholders are aware of their responsibilities in approving the Company’s annual financial accounts, that the Company meets its legal requirements of the Company’s Act by holding an Annual General Meeting, and completing the required Annual Report to Shareholders accurately within the required timeframe.
The Governance Policy and Policy Implementation documentation are available upon payment of NZ$50.00 plus GST into the Good Governance nominated bank account.
Annual Financial Budgeting Policy 6.3
- Scope
This policy sets out the Board of Director’s requirements for long term financial budgets, annual financial budgets, and cash flow budgets that are to be completed and presented to the Board of Directors for approval.
- Purpose
The purpose of this policy is to ensure the Company has a long term financial forecast, an annual operating or profit and loss budget, and an annual cash flow budget approved by the Board of Directors before the beginning of each financial year all based on the Company’s approved long and short term plans.
The Governance Policy and Policy Implementation documentation are available upon payment of NZ$50.00 plus GST into the Good Governance nominated bank account.
Capital Expenditure Policy 6.4
- Scope
This policy sets out the Board of Director’s requirements for the approval and control of how and when capital expenditure decisions shall be made.
- Purpose
The purpose of this policy is to ensure the Company has a capital expenditure plan and budget approved by the Board of Directors before the commencement of each financial year and that all capital expenditure approved is justified as an investment in achieving the Company’s goals and strategies.
The Governance Policy and Policy Implementation documentation are available upon payment of NZ$50.00 plus GST into the Good Governance nominated bank account.
Bank Account & Signatory Policy 6. 5
- Scope
This policy sets out the Company’s control of and authorities for access to all the Company’s bank accounts and funds.
- Purpose
The purpose of this policy is to set the responsibility for the security of the Company’s bank accounts, investment and other funds and to grant authority to specific personnel for the operation of these, together with the limitations of that authority.
The Governance Policy and Policy Implementation documentation are available upon payment of NZ$50.00 plus GST into the Good Governance nominated bank account.
Company Credit Card Policy 6.6
- Scope
This policy sets out the Company’s requirements for the use of Company credit cards for incurring expense on behalf of the Company by Directors and Senior Employees.
- Purpose
The purpose of this policy is to ensure all authorised personnel are aware of the importance of the appropriate use of the credit cards, of the limitations of the authority to use such cards, and of the safety measures required to be followed to ensure there is no misuse.
The Governance Policy and Policy Implementation documentation are available upon payment of NZ$50.00 plus GST into the Good Governance nominated bank account.
Foreign Currency Policy 6.7
- Scope
This policy sets out the Board of Director’s requirements to limit the risk from Foreign Currency exposure when conducting business transactions in a currency other than the legal currency of New Zealand.
Purpose
The purpose of this policy is to ensure the General Manager and other authorised personnel are aware of the risk limitation procedures to be taken when conducting business in a non New Zealand currency and of the approvals required for any such transactions.
The Governance Policy and Policy Implementation documentation are available upon payment of NZ$50.00 plus GST into the Good Governance nominated bank account.
Cash Reserves & Dividend Policy 6.8
- Scope
This policy sets out the Company’s requirements for the retention in cash reserves of a proportion of annual tax paid profits for the funding of future business development and for the distribution of a proportion of net tax paid profits by way of dividends to Shareholders.
- Purpose
The purpose of this policy is to ensure the Company retains a balance between providing adequate funding for its planned future developments to meet the ongoing grow of the business including the provision of appropriate working capital for operational needs, as well as exceeding any minimum statutory requirements for solvency while at the same time providing sufficient funds to meet Shareholder dividend expectations.
The Governance Policy and Policy Implementation documentation are available upon payment of NZ$50.00 plus GST into the Good Governance nominated bank account.
