Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Structure Confirmed For TVNZ

16 October 2001 Media Statement

Structure Confirmed For TVNZ

TVNZ's new crown company structure will have a parent holding company with television and transmission subsidiaries, Broadcasting Minister, Marian Hobbs, said today.

The subsidiary boards will include the chair of the holding company, executive members and at least two independent directors.

"The structure will enable the charter to be implemented and monitored effectively," Marian Hobbs said.

"The financial objective of the television business will be the same as that of the other public broadcaster, Radio New Zealand – generating an adequate rate of return on shareholders' funds and operating as a successful going concern. The financial objective for the transmission and other services will be the same as for state owned enterprises – to be as profitable and efficient as comparable businesses that are not owned by the crown.

"The structure will also ensure that the television and transmission businesses be operationally separate with separate governance."

Legislation is being drafted and will be introduced before the end of the year to change TVNZ from a state owned enterprise to a crown company.

"The charter will be given appropriate status by being included in the legislation," Marian Hobbs said. "The bill will also ensure TVNZ's editorial independence free from Ministerial direction."

The legislation will specify that the function of the television part of the business is to give effect to the charter while maintaining commercial performance. The function of other parts of the group will be to operate as a successful business.

The shareholding ministers will appoint members to the parent board and be consulted on appointments to the subsidiary boards.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says.

Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders.

US President Donald Trump is kicking off his week at the UN by holding an event to promote the US document called the Global Call to Action on the World Drug Problem. More>>

 

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels