NZ Treasury to put more acid on Crown entity boards

Tue, 24 Feb 2015

By Paul McBeth Feb. 25 (BusinessDesk) - The New Zealand Treasury has pulled in private sector directors to give it advice on how to put Crown entity boards under more scrutiny so as to avoid another rapid deterioration such as witnessed by coal miner Solid Energy. Acting Secretary Vicky Robertson told Parliament's finance and expenditure select committee the Crown's financial adviser and overseer of state sector boards is operating under new strictures to lift its testing of boards' assumptions and is looking at public entities in the con...

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