Pete Hodgson quietly resigns as Callaghan chair

Pete Hodgson quietly resigns as Callaghan chair
Pete Hodgson was a cabinet minister during Helen Clark's time as prime minister. (Image: NZME)
Pattrick Smellie
Helen Clark-era cabinet minister Pete Hodgson has resigned as chair of Callaghan Innovation after the change of government and a damning report from the auditor-general on a contentious procurement process.A spokesperson for science, innovation and technology minister Judith Collins confirmed that Hodgson had tendered his resignation on Dec 14 and that she had accepted it.The auditor-general’s report identified multiple failures in the “more intensive” due diligence process that excluded Auckland firm WeAreIndigo/Manaaki...

More Finance

Wisdom from Milford’s ‘oldest’ fund manager
Finance

Wisdom from Milford’s ‘oldest’ fund manager

Stephen Johnston has been watching markets since 1997.

Gregor Thompson 09 Jan 2025
RBNZ issues first non-bank deposit-taker licence in nearly a decade
Finance

RBNZ issues first non-bank deposit-taker licence in nearly a decade

The Reserve Bank of New Zealand has issued a non-bank deposit taker licence to newly formed finance company Welcome.The last time the central bank issued a license was in 2017 to Christian Savings, which was previously licensed as Christian Savings Incorporated, according to the...

Staff reporters 08 Jan 2025
How tax rules discourage wealthy investor migrants
Finance

How tax rules discourage wealthy investor migrants

Covid refugees facing a four-year time limit on tax status are forcing the issue.

Pattrick Smellie 06 Jan 2025
M&A outlook: get set for big ticket IPOs
Finance

M&A outlook: get set for big ticket IPOs

Experts are picking a surge in mergers and acquisitions activity for 2025.