Fee boost coming for Crown directors
State Owned Enterprises Minister Paul Goldsmith says a boost to Crown-entity directors’ fees will help the Government attract top talent.
The IoD is concerned about reforms in the Bill which give the State Services Commissioner increased powers and shift a level of control away from Crown entity boards to the Commissioner.
This shift diminishes the Crown entity governance model, the fundamental role of the board to manage CEOs and hold them to account, and the board’s relationship with the Minister.
It will also deter skilled and experienced directors from putting themselves forward to serve on Crown entity boards.