Should I stay or should I go? Directors, leave of absence and liability

Life doesn’t stand still for directors. Circumstances can arise where a director may need to, or wish to, step away from a board for an extended period of time. There can be various reasons for taking some time out, including for personal or family related issues such as parental leave or illness. However, there is currently limited guidance for directors in New Zealand on taking leave of absence.

The report Should I stay or should I go? Directors, leave of absence, and liability sheds light on some of the relevant issues and outlines important questions for boards, directors and organisations to consider.

The report also intends to generate discussion and debate among directors and stakeholders and we would welcome your feedback to glc@iod.org.nz