Open eyes under water reforms
Local Water Done Well could result in the creation of around 50 boards. Directors who join the new entities should have their eyes open.
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.