There are a total of eight directors and the number of executive and non-executive directors is not well balanced with two executive directors and six non-executive directors. Furthermore, four directors meet the formal criteria to be defined as “independent directors” (Securities Commission New Zealand, 2011). The board possesses a wide range of skills and knowledge from each director, such as jewelry retail, marketing, property development, investment management, interior layout design, and accounting (MHI, 2014). Each director possesses rich experience in the particular field of expertise which benefits the board of directors to have a 360° view of running a business and better prospects of its development and to work more effectively and