Treasury's Landcorp advice shows challenge for growth-minded firms with state owner

Sun, 02 Jul 2017

By Tina Morrison July 3 (BusinessDesk) - State-owned enterprise Landcorp Farming has repeatedly clashed with the government’s financial adviser, the Treasury because it wants to reinvest cash to grow its business rather than return it to the government as dividends, papers released under the Official Information Act show. The papers canvas Treasury advice to the government since 2013, when Harvard Business School graduate Steven Carden took over as chief executive at the country’s largest corporate farmer, and began to put forward new ide...

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