Business of Government: board fees bumped, the new face of social investment and more...

Can former Labour party president Mike Williams help make social investment bipartisan? (Image: NZME)

Wed, 13 Nov 2024

Mates rates?The Government is upping the director fees for the 22 Crown-owned companies overseen by the Treasury.BusinessDesk understands there has been a lack of interest from the Government’s business connections in serving in a public office due to the comparatively woeful lack of remuneration.State Owned Enterprises (SOEs) Minister Paul Goldsmith said ordinary directors’ fees for these companies had been largely static for more than 15 years and had fallen significantly below market rate, “some by up to 56%”.Fees wil...

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