title: Accountability in the retail and distribution sectors of the New Zealand electricity industry

authors: Hooks, Jill

abstract: Since the mid-1980s organisation of the electricity industry in New Zealand has been radically reformed. The public sector reforms implemented by successive governments between 1984 and 1999 aimed to reduce or eliminate government involvement in business activities and to create competition within industries, some of which might otherwise be natural monopolies. A “light-handed” regulatory regime was introduced to monitor and control the electricity industry. To date, this regime has rejected the use of price controls and associated methods in favour of market-based methods involving competition and transparent accountability. Corporate annual reports are therefore one of the prime ways in which organisations meet their accountability obligations. 

This research describes and explains the development of a disclosure index and the results of its application to the 1999 annual reports of the 33 electricity retail and distribution companies. The index was developed with the support of a panel representing 15 stakeholder groups. The disclosure index is a complex measure. It emphasises accountability through the provision of both financial and non-financial information to meet the needs of a wide range of stakeholders. It is designed to assess the comprehensiveness (both in extent and quality) of annual report disclosures. It also incorporates a best-practice model of annual reporting for electricity retail and distribution companies. 

The use of the disclosure index highlights an information gap between stakeholder expectations of information disclosure and the current level of disclosure in electricity company annual reports. Out of a maximum possible Index score of 100, the average score is 56 with a range from 15 to 72. Key areas of inadequate disclosure from an accountability perspective relate to performance measures (financial and non-financial), segmental information, asset valuation details, and cost of electricity purchased/generated. The research also identified a need for trust-owned companies to be as accountable as public companies. In this respect, copies of the annual report in its entirety should be available to interested parties on request. The concern is to make electricity companies and their activities more transparent by providing sufficient, understandable and easily accessible financial and non-financial information to allow stakeholders to fairly assess performance. The annual report is an appropriate vehicle for providing this information as it is a comprehensive document available to the public on a routine basis. Improved disclosure to meet best-practice levels would contribute significantly to the effective information sharing between companies and stakeholder groups - thus improving the accountability of each entity. Feedback from the research provides each company with indications of the parts of their reports which need attention if they wish to improve the quality of their reporting.

text: Accountability in the retail and distribution sectors of the New Zealand electricity industry Since the mid-1980s organisation of the electricity industry in New Zealand has been radically reformed. The public sector reforms implemented by successive governments between 1984 and 1999 aimed to reduce or eliminate government involvement in business activities and to create competition within industries, some of which might otherwise be natural monopolies. A “light-handed” regulatory regime was introduced to monitor and control the electricity industry. To date, this regime has rejected the use of price controls and associated methods in favour of market-based methods involving competition and transparent accountability. Corporate annual reports are therefore one of the prime ways in which organisations meet their accountability obligations. 

This research describes and explains the development of a disclosure index and the results of its application to the 1999 annual reports of the 33 electricity retail and distribution companies. The index was developed with the support of a panel representing 15 stakeholder groups. The disclosure index is a complex measure. It emphasises accountability through the provision of both financial and non-financial information to meet the needs of a wide range of stakeholders. It is designed to assess the comprehensiveness (both in extent and quality) of annual report disclosures. It also incorporates a best-practice model of annual reporting for electricity retail and distribution companies. 

The use of the disclosure index highlights an information gap between stakeholder expectations of information disclosure and the current level of disclosure in electricity company annual reports. Out of a maximum possible Index score of 100, the average score is 56 with a range from 15 to 72. Key areas of inadequate disclosure from an accountability perspective relate to performance measures (financial and non-financial), segmental information, asset valuation details, and cost of electricity purchased/generated. The research also identified a need for trust-owned companies to be as accountable as public companies. In this respect, copies of the annual report in its entirety should be available to interested parties on request. The concern is to make electricity companies and their activities more transparent by providing sufficient, understandable and easily accessible financial and non-financial information to allow stakeholders to fairly assess performance. The annual report is an appropriate vehicle for providing this information as it is a comprehensive document available to the public on a routine basis. Improved disclosure to meet best-practice levels would contribute significantly to the effective information sharing between companies and stakeholder groups - thus improving the accountability of each entity. Feedback from the research provides each company with indications of the parts of their reports which need attention if they wish to improve the quality of their reporting.

year: 2000

title: The role of NGOs in corporate environmental responsibility practice: evidence from Ethiopia

authors: Asfaw, Tibebe Sirak

abstract: This research explores the role of Non-Government Organizations (NGOs) in corporate environmental responsibility practice within the context of a developing country, Ethiopia, and provides a framework that enables NGOs to influence firms to improve environmental performance and increase environmental disclosure. This research is a qualitative research which employs content analysis. The result of the study shows that the environmental NGOs in Ethiopia are engaged more on reacting to the damage that has been caused by the unsustainable business practices rather than working proactively by collaborating with corporations, government and other stakeholders. This implies that donors should play a pivotal role in this regard since it is the donors’ thematic area of activities that dictates the NGOs projects and programs.

text: The role of NGOs in corporate environmental responsibility practice: evidence from Ethiopia This research explores the role of Non-Government Organizations (NGOs) in corporate environmental responsibility practice within the context of a developing country, Ethiopia, and provides a framework that enables NGOs to influence firms to improve environmental performance and increase environmental disclosure. This research is a qualitative research which employs content analysis. The result of the study shows that the environmental NGOs in Ethiopia are engaged more on reacting to the damage that has been caused by the unsustainable business practices rather than working proactively by collaborating with corporations, government and other stakeholders. This implies that donors should play a pivotal role in this regard since it is the donors’ thematic area of activities that dictates the NGOs projects and programs.

year: 2017

title: Differential trends in the compression of mortality: Assessing the antecedents to current gaps in health expectancy in New Zealand

authors: Pool, Ian

subjects: New Zealand

abstract: Health Expectancies (HEs) for New Zealand show significant differentials between Maori and non-Maori, but also by gender and period. These differentials correlate with findings from both generation and synthetic life-tables relating to New Zealand’s epidemiologic transition. At the beginning of that transition quartile 1 (Q(1)), and Median (Med) d(x) values were close and centred at young ages; during the transition the gap became very wide; at the transition’s end the gap again narrowed. Cohort and synthetic trends in d(x), l(x), M, Qs and Meds are reviewed and linked to recent HEs. Data point to epidemic polarisation. Cohort analysis allows the evaluation of the role of past experiences on the recent HEs, and thus point to possible strategies for reducing gaps in both d(x), and HEs.

text: Differential trends in the compression of mortality: Assessing the antecedents to current gaps in health expectancy in New Zealand Health Expectancies (HEs) for New Zealand show significant differentials between Maori and non-Maori, but also by gender and period. These differentials correlate with findings from both generation and synthetic life-tables relating to New Zealand’s epidemiologic transition. At the beginning of that transition quartile 1 (Q(1)), and Median (Med) d(x) values were close and centred at young ages; during the transition the gap became very wide; at the transition’s end the gap again narrowed. Cohort and synthetic trends in d(x), l(x), M, Qs and Meds are reviewed and linked to recent HEs. Data point to epidemic polarisation. Cohort analysis allows the evaluation of the role of past experiences on the recent HEs, and thus point to possible strategies for reducing gaps in both d(x), and HEs.

year: 2009