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

 

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Science Media Centre: Viral Science And Another 'Big Dry'?

"Potentially, if there is no significant rainfall for the next month or so, we could be heading into one of the worst nation-wide droughts we’ve seen for some time," warns NIWA principal climate scientist Dr Andrew Tait. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news