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

 


Treasury appoints Commercial Operations Advisory Board

Treasury appoints Commercial Operations Advisory Board

The Secretary to the Treasury has appointed Anne Blackburn, Marko Bogoievski, Roger France, Cathy Quinn and Mark Verbiest as members of the Treasury’s new Commercial Operations Advisory Board, Deputy Chief Executive Vicky Robertson announced today.

The Advisory Board has been established as one of a number of changes following a Treasury review of its commercial operations last year. The Board’s role is to support and enhance the Treasury’s commercial analysis and advice to Ministers by:
· reviewing and testing the Treasury’s high level strategic advice, where the outcomes could have a material impact on the performance of the commercial portfolio or debt management activities

· providing guidance on the strategic approach and work programme priorities of the Treasury’s Commercial Operations group and Debt Management Office

providing Ministers with access to an independent private sector perspective, to help them make well-informed decisions regarding the commercial portfolio

“Commercial operations represent a big part of the Treasury’s work,” says Ms Robertson. “We monitor 48 fully or partially government-owned enterprises with fully or partially commercial objectives, in which the Crown has an equity investment of $56.2 billion. We also advise the Government on a range of commercial issues, such as major transactions and entities in distress, and assist with the appointment of directors.

“With significant changes to the commercial environment and the Government’s balance sheet in recent years, the Treasury thinks it’s important to bring in expert external perspectives on the best approaches to our commercial operations. The Commercial Operations Advisory Board will keep our commercial advice tightly connected to markets and best practice investment management both locally and globally.”

Vicky Robertson is chair of the Advisory Board. Appointment terms for the Board members have been phased from one to three years to allow for future Board succession.

“I’m excited to be supported by Board members who each bring with them a range of exceptional skills and experience, and who have a high standing in the commercial community,” says Ms Robertson.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news