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


Gordon Campbell: On The Elusive Charms Of Christopher Luxon


Well, the first 36 hours of viewing the Christopher Luxon selfie were always going to be the best, before the repetitions set in. We get it, already. He’s an extroverted/big ego/high achieving/God fearing/country music lovin’/family man who is not at all averse to mansplaining to little ladies like RNZ’s Kathryn Ryan what “technical” words like “productivity” actually mean. But wait, there’s more. National is back! Mind you, that’s not the Bad National of recent experience, but the Good National of days gone by... More>>




 
 



Cancer Society: Hopes Final Pharmac Report Is Stronger

Today the delayed Interim Report was released by the Pharmac Review Panel. The performance of Pharmac and access to cancer drugs is a major concern for the Cancer Society... More>>


Defence: New Zealand Response To Assist Peace And Stability In Solomon Islands
The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.... More>>


Government: Delivers Reactivation Package As Aucklanders Reconnect For Summer
A new support package will help revive economic, social and cultural activities in our largest city over summer, and ensure those in hardship also get relief. The Social Development and Employment Minister Carmel Sepuloni and the Economic and Regional Development Minister Stuart Nash... More>>


National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

Waitangi National Trust: Waitangi Week
The Waitangi National Trust has decided there will be no in-person events at Waitangi Treaty Grounds during Waitangi Week 2022. Under the COVID-19 Protection Framework it would be practically impossible to safely proceed with the usual events of Waitangi commemorations... More>>


Freedom Camping: Making Sure People Are Up To Play With Changes
People interested in finding out how the proposed improvements to freedom camping might affect them are being invited to an information-sharing webinar... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels