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01/04/2003 - 02:00 - The DRC of The State Council, People's Republic of China

Characteristics and Experiences of Management of SOEs in New Zealand by Dr. Zhang Zhengjun 

The Company Act and relevant special laws are the basis of corporate governance of New Zealand government enterprises. The governance framework of these government enterprises are: 

1) the due-ownership model; 
2) clear enterprise goals; 
3) Enterprise Goals Report are used as an important monitoring tool; 
4) ministers involved deeply into the business planning, reporting and monitoring; 
5) perfect annual monitoring process; 
6) perfect process of nomination of directors; 
7) a consulting organization, CCMAU, provides important evaluation, monitoring and consultation.

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The State Asset Specialist