Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Norris, Dewes join Treasury board

Norris, Dewes join Treasury board

Feb 12 (BusinessDesk) - Former head of the Commonwealth Bank of Australia, Sir Ralph Norris, and prominent Maori professional director Whaimutu Dewes have been appointed to the board of the Treasury.

Treasury Secretary Gabriel Makhlouf announced the two new-comers, along with the appointment of Professor Harlene Hayne, the vice-chancellor of Otago University.

They join investment banker Paul Baines, professional director Susan Macken, and Joan Withers, who also chairs MightyRiverPower on the board, which seeks to "replicate the discipline, strategic capability and performance accountability provided by a private sector or other statutory board."

Withers has stepped aside to avoid any conflict of interest while the Treasury manages the government's intended partial privatisation of MRP later this year.

Norris is a director of Fonterra and the Fonterra Shareholders Fund, and is on the board of Australia's Origin Energy, majority owner of Contact Energy, and stepped down last year as chief executive of CBA after a 40 year career in banking.

Dewes is chairman of Aotearoa Fisheries Limited and is a director on the boards of Contact Energy and Housing New Zealand Corp.

The new members’ terms of appointment have been made effective from the beginning of 2013.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: