Housing NZ directors get 63% pay hike after boardroom shuffle

Wed, 10 Feb 2016

By Paul McBeth Feb. 10 (BusinessDesk) - Low pay was among the reasons for a rapid turnover in Housing New Zealand's boardroom in recent years, and the government's social housing agency has bumped up its fees by 63 percent after getting an exemption from the State Services Commission. Six Housing NZ directors resigned in 2014 and 2015, and at June 30 last year the Crown agency had just five of its usual eight directors. Chair Adrienne Young-Cooper told parliament's social services select committee it was "pretty unusual" for the board to...

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