This study examines whether the charitable organisations in New Zealand have adopted the principle-based corporate governance practices similar to that is adopted by the publicly listed companies and the effect the corporate governance practices have on their financial performance measured by...

The financial management reform (FMR) of the New Zealand public sector was implemented to change the way the public sector was managed (Horner, 1992). In support of the FMR an "incentives project" was introduced with a view to provide incentives for improving government departmental performance....