SOE director renumeration to reach market parity

Changes to Crown-owned companies' director fees will come into effect next year, State Owned Enterprises Minister Paul Goldsmith says. (Image: NZME)

Staff reporters

Thu, 07 Nov 2024

State Owned Enterprises Minister Paul Goldsmith says the Government is bringing director fees for 22 Crown-owned companies closer to market rate to retain and attract “high-quality” directors.“Ordinary directors’ fees for these companies have been largely static for more than 15 years and have fallen significantly below market rate, some by up to 56%. “This is creating a major barrier to attracting and retaining directors with the commercial skills needed for Crown boards,” Goldsmith said.Fees will be in...

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