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New Zealand updates its Companies Act to modernize business, though critics say it doesn't go far enough.
New Zealand is updating its Companies Act to modernize business practices and reduce compliance burdens.
The reforms include digitizing the Act, introducing unique identifiers for directors, and promoting the New Zealand Business Number.
Critics argue the reforms fall short by removing an amendment allowing directors to consider ESG factors and failing to establish a beneficial ownership register, which could help combat financial crime.
Some suggest the reforms should be more tailored to small to medium enterprises.
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Nueva Zelanda actualiza su Ley de Empresas para modernizar el negocio, aunque los críticos dicen que no llega lo suficientemente lejos.