He said the review will take into account whether Boxing NZ wants to be involved in corporate boxing at all.
"Because we are the only body in New Zealand who govern amateur and that is where our focus really should be.
"But we are realising that there are some issues that are created in some of these events that may slip under our guard and we need to be ensuring that the sport is safeguarded.
"We need to have a look at how we were managing it and whether we have everything in place that prevented such tragedies as this happening."
Walker said these issues include; age limits, boxer's time in gymnasiums, preparation, the management of the actual bout and the actual event.
"Our biggest issue is the fact that we have no control over who actually prepares these boxers and that is a bit of a concern," he said.
However, Boxing NZ is not the only body to run corporate boxing events, with several others also involved.
Walker said while he couldn't speak for their decision on the matter, he hoped they would also look at tightening regulations.
Vice-president Bryan Usher said that for some time Boxing NZ has had very real and grave concerns over the safety of participants in these kinds of events and the lack of consistent regulation being applied.
"Whilst most promoters run these events very professionally we cannot impose the same level of restrictions and guidelines we would place upon organisers of strictly amateur events," he said.
"The amateur sport itself is heavily regulated and conducted under very strict rules where the care and protection of our boxers is paramount.
"We expect the highest standards from our coaches, referees, judges and officials all of whom must be qualified to participate fully in the sport.
"The boxers themselves must be registered with Boxing New Zealand and undergo annual and prebout medical checks and are matched as closely as possible according to age and weight categories."
Usher said there are several hundred boxers involved in amateur competition and many thousands of people from all walks of life that attend boxing gymnasiums every day in New Zealand.
"They attend for many reasons including the fitness and health benefits of this type of physical activity as well as the strong community aspects promoted by those gyms.
"There is also a well-established pathway for young people to participate in the sport regionally, nationally and internationally ranging from events in local town halls to world championships and Commonwealth and Olympic Games.
"It is this core business Boxing NZ wishes to focus on and allow the professional
sanctioning bodies of boxing to conduct all other types of competition as we believe they are best placed to do so."