CONTENTS : February 2008 • Vol 55 No 1

Cover Story : 2008 THE YEAR’S CHALLENGES – Productivity top of mind
With tightening labour market, changes to employment law due and no let up in the pace of change, what do business leaders need to do to build ongoing success? Ellen Read talks to those in the know.

Legacy : SIR ED HILLARY’S LEGACY TO MANAGEMENT
Sir Ed Hillary has been credited with many things yet few have realised what great CEO he was. Having climbed Mount Everest as team member he subsequently achieved everything else as the CEO.
by David Parmenter

Face to Face : ANDREW FERRIER – CHANGE DRIVER
If he’s not careful he could find himself being marked as the next All Blacks’ coach. He plays the game, loves challenge and has reputation for transformative change. But first – Fonterra. Vicki Jayne talks to Andrew Ferrier, CEO of our biggest corporate player.

Case Study : TOLL NZ – FROM THE C-SUITE
The spectre of being railroaded into government buy out hangs in the air and negotiations over access to the tracks have long been stalled at the crossroads – but Toll NZ’s culture is chugging along happily. And the air of casual harmony starts in the C-suite. by Vicki Jayne

IT Policy : SETTING SENSIBLE INTERNET POLICIES
A rapidly evolving web environment requires employers to develop smarter internet-use policies, writes Maria Berryman.

Human Resources : MANAGING EMPLOYEE PERFORMANCE – HOW TO BE ENGAGING
Are your staff still immersed in post holiday disengagement mode? It could be good time to check how leaders in the field build workplace cultures that are positive, engaging and turn in consistently improving performance. Vicki Jayne previews next month’s Employee Performance Management Summit.

Financial Management : KIWISAVER – COMING, READY OR NOT
From April, employers will be required to contribute one percent of gross salary towards the KiwiSaver account of employee KiwiSaver members. By 2011, contributions will be minimum of four percent. How are employers planning to manage? by Vikki Bland

Executive Education :MANAGER – MANAGE THYSELF! WHY MBA BEATS DIY
On the surface, most managers agree formal management training is good thing. But how much of this is simply lip service? Do New Zealand managers and owner managers really believe management courses deliver self growth and business advantage? by Vikki Bland

The Director, Vol 3 No 1

EDITOR’S LETTER
IN TOUCH News, trends, people
THOUGHT LEADERS: AIMING FOR THE HIGHEST PEAK Murray Jack
POLITICS: TURNING CONTROVERSY INTO STATUS QUO Colin James
ECONOMICS: DID EXPORT YEAR 2007 MEASURE UP? Bob Edlin
BOOK REVIEWS Vicki Jayne, Ian F Grant, Ellen Read
NZIM David Chapman
CORPORATE GOVERNANCE: PROTECTING DIRECTORS’ LIABILITIES Craig Kirk
SUSTAINABILITY: PERSONAL TAX RATES ARE BUSINESS ISSUE Peter Neilson
CONSULTATION: JOB DESCRIPTIONS ARE MANAGEMENT ESSENTIAL Kevin Gaunt
TEN TOP TIPS ON HOW TO CREATE NEW YEAR MOTIVATION Peter Clark

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Business benefits of privacy

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