New Zealand will raise director fees for 22 Crown companies to align with market rates by 2026.

New Zealand's government will raise director fees for 22 Crown-owned companies to better align with market rates, as stated by Minister Paul Goldsmith. The current fees have not changed in over 15 years and are significantly below market levels, hindering the recruitment of skilled directors. The increases will occur in two phases, reaching approximately 85% of market rates next year and 90% by 2026, aiming to enhance performance in a challenging business landscape.

November 07, 2024
3 Articles

Further Reading