¶¶Òõ¶ÌÊÓƵ

All Countries
Corporate Governance
Independent Director Agreement

Independent Director Agreement Template for New Zealand

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Independent Director Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Independent Director Agreement

"I need an Independent Director Agreement for a New Zealand fintech startup preparing for NZX listing in March 2025, with specific emphasis on technology oversight responsibilities and cybersecurity governance obligations."

Celebrated by
Collaborations with
Investors
Document background
The Independent Director Agreement is a crucial document used when appointing independent directors to company boards in New Zealand. It is particularly relevant for companies seeking to enhance their corporate governance structure, comply with listing requirements, or prepare for public listing. The agreement must align with the Companies Act 1993 and other relevant New Zealand legislation, while addressing specific requirements for director independence, duties, and responsibilities. This document typically includes comprehensive provisions covering appointment terms, remuneration, confidentiality, conflicts of interest, and indemnification, ensuring both the company's and director's interests are protected while maintaining the independence required for effective corporate governance.
Suggested Sections

1. Parties: Identifies the company and the independent director as parties to the agreement

2. Background: Sets out the context of the appointment and confirms the director's independent status

3. Definitions and Interpretation: Defines key terms and establishes rules for interpreting the agreement

4. Appointment and Term: Details of the appointment as independent director, including term length and renewal provisions

5. Independence Criteria: Specifies the criteria for maintaining independent director status as per NZX Listing Rules and best practices

6. Duties and Responsibilities: Outlines the director's duties under the Companies Act 1993 and additional responsibilities

7. Time Commitment: Expected time commitment for board meetings, committee work, and other director duties

8. Remuneration: Details of directors' fees, meeting fees, and expense reimbursement

9. Confidentiality: Obligations regarding confidential information and company secrets

10. Conflicts of Interest: Procedures for declaring and managing conflicts of interest

11. Insurance and Indemnity: Details of directors' and officers' insurance coverage and company indemnification

12. Termination: Circumstances and procedures for ending the appointment

13. General Provisions: Standard contractual terms including governing law, notices, and entire agreement

Optional Sections

1. Committee Appointments: Used when the director will serve on specific board committees

2. Share Qualification: Include if directors are required to hold shares in the company

3. Professional Development: Include if specific training or development opportunities are provided

4. External Appointments: Include if there are restrictions on other directorships or appointments

5. Technology Use: Include if specific provisions are needed for digital board papers or virtual meetings

6. Intellectual Property: Include if the director may be involved in IP creation or strategic IP decisions

7. Media and Public Statements: Include for listed companies or where media engagement is expected

Suggested Schedules

1. Schedule 1: Independence Criteria: Detailed criteria for independence as per relevant governance codes and listing rules

2. Schedule 2: Remuneration Details: Breakdown of fees, payment arrangements, and expense policy

3. Schedule 3: Board and Committee Meeting Schedule: Expected meeting dates and time commitments

4. Schedule 4: Company Policies: List of key policies the director must comply with

5. Schedule 5: D&O Insurance Details: Summary of insurance coverage and key terms

6. Appendix A: Board Charter: Current board charter outlining governance framework

7. Appendix B: Consent to Act: Formal consent to act as director as required by Companies Act 1993

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



























Clauses


































Relevant Industries

Financial Services

Technology

Healthcare

Manufacturing

Retail

Energy

Mining

Transportation

Professional Services

Real Estate

Telecommunications

Consumer Goods

Education

Agriculture

Construction

Relevant Teams

Legal

Corporate Governance

Board Secretariat

Compliance

Risk Management

Executive Office

Corporate Affairs

Investor Relations

Relevant Roles

Chief Executive Officer

Company Secretary

Board Chair

Independent Director

Non-Executive Director

General Counsel

Legal Counsel

Corporate Governance Officer

Compliance Officer

Board Relations Manager

Chief Financial Officer

Head of Legal

Corporate Secretary

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Agreement Between Directors Of A Company

A New Zealand law-governed agreement establishing the framework for relationships and responsibilities between company directors, ensuring compliance with the Companies Act 1993.

find out more

Directors Contract Of Employment

A New Zealand-governed employment agreement for company directors that establishes terms of service in both executive and board capacities.

find out more

Director Indemnity Agreement

A New Zealand law-governed agreement establishing the terms for company indemnification of a director's liabilities and costs incurred in their official capacity.

find out more

Medical Director Agreement

A New Zealand-compliant agreement establishing terms and conditions for Medical Director appointments in healthcare organizations.

find out more

Director Indemnification Agreement

A New Zealand law-governed agreement setting out terms for company indemnification of directors against liabilities and costs incurred in their role.

find out more

Directors Service Contract

A New Zealand law-governed agreement establishing the terms and conditions of a director's appointment, including duties, responsibilities, and remuneration.

find out more

Director Appointment Agreement

A New Zealand law-governed agreement formalizing a director's appointment to a company board, establishing terms, duties, and compliance requirements.

find out more

Director Profit Sharing Agreement

A New Zealand-governed agreement establishing terms for director profit sharing arrangements, including calculation methods and payment conditions.

find out more

Director Shareholder Agreement

A New Zealand-governed agreement establishing the legal framework between company directors and shareholders, defining their rights, responsibilities, and relationships.

find out more

Director Fee Agreement

A New Zealand law-governed agreement establishing director remuneration terms and conditions for board service.

find out more

Independent Director Agreement

A New Zealand-governed agreement establishing the appointment terms and conditions for an independent director, ensuring compliance with local corporate law and governance requirements.

find out more

Directors Loan Agreement

A New Zealand-compliant agreement establishing terms for a loan between a company and its director, including loan amount, interest, repayment terms, and regulatory compliance requirements.

find out more

Nominee Director Agreement

A New Zealand-governed agreement establishing the appointment and terms of service for a nominee director, including duties and compliance requirements under NZ law.

find out more

Company Director Agreement

A New Zealand-governed agreement establishing the terms, duties, and obligations of a company director's appointment.

find out more

Non Executive Director Agreement

A New Zealand-governed agreement establishing the appointment terms and conditions for a non-executive director, including duties, responsibilities, and remuneration.

find out more

Executive Director Employment Contract

New Zealand-governed employment agreement for executive directors, combining senior executive employment terms with director duties and obligations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.