Opinion

RBNZ board appointments: double standard at work?

Cameron Bagrie
Fri, 15 Jul 2022

RBNZ board appointments: double standard at work?
The appointment of NZ Post chair Rodger Finlay to the Reserve Bank board has been particularly controversial. (Image: NZME)
Cameron Bagrie
Fri, 15 Jul 2022
Does the incoming Reserve Bank board have the right skills to oversee what is a critical institution in New Zealand? There are some good additions to the board in the latest round of appointments, which took effect on July 1. But it looks light on some key essentials to provide "constructive tension” to support good governance. For a framework on how to think about it, let’s look at the Reserve Bank as a regulator, and what it expects of banks, which they oversee.The Reserve Bank of NZ/Te Pūtea Matua (RBNZ) instructed...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Transport
Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.