Party hacks suck – Survey

Dr Richard Norman, of Victoria University’s Management School has surveyed directors of nine SOEs. The results have dealt a body blow to Labour's blatant cronyism and feather-bedding with the directors saying they were concerned appointments were being made for political or diversity reasons – not for their capabilities.

Dr Norman said:

[quote]‘Responses indicate the process for selection is too arbitrary, lacks adequate input from the chair and board, and is too heavily weighted towards political acceptability and correctness rather than capability.’[/quote]

A summary of the survey results;

  • Two-thirds of respondents thought an inability to determine the selection of directors reduced the effectiveness of the board and two-thirds agreed that ‘boards and particularly their chairs should have responsibility for recruiting and selecting new directors, with the Minister having the right of veto.’
  • Two thirds of directors thought the ‘process for appointing board members was too politically influenced.’
  • Two-thirds of directors thought they were under-rewarded for the responsibilities and roles involved, and half thought that ‘unattractive compensation levels limit the number of directors willing to make themselves available for appointment.’

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