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The Board

The New Zealand Tourism Board (trading as Tourism

New Zealand) is a Crown entity established under the

New Zealand Tourism Board Act 1991 and is a Crown

agency for the purposes of the Crown Entities Act

2004.

Tourism New Zealand is governed by a Board

appointed by the Minister of Tourism. All decisions

relating to the operation of Tourism New Zealand

are made by, or under the authority of, the Board in

accordance with the New Zealand Tourism Board Act

1991, and the Crown Entities Act 2004.

In accordance with the New Zealand Tourism Board

Act 1991, the Board must have no fewer than five, and

no more than nine, members.

The Minister’s formal line of accountability with

Tourism New Zealand is through the Board’s Chair.

Board appointments are generally for two or three

years, with reappointment possible. The composition

of the Board reflects a balance of tourism industry and

commercial expertise.

The Board meets at least six times a year, including a

two-day meeting to review the organisation’s ongoing

strategic direction. This strategy meeting initiates

the business planning process and informs the

preparation of the annual Statement of Intent.

Delegation

The Board delegates day-to-day management of

Tourism New Zealand to the Chief Executive who is

directly accountable to the Board through the Chair.

Tourism New Zealand’s Delegated Authorities Policy is

set by the Board and reviewed annually.

Appropriate formal processes are in place for

reporting back to the Board.

Induction and Development

Tourism New Zealand introduces each new Board

member to the organisation through an induction

process which includes time spent with senior

executives and their teams. Members are also

encouraged, where appropriate, to attend tourism-

related events such as TRENZ and other industry

events.

Conduct

Tourism New Zealand expects all its employees

and board members to maintain the highest ethical

standards. Tourism New Zealand has in place an

employee code of conduct, which all staff sign on

joining the organisation. Tourism New Zealand also

has a formal code of conduct for its board members,

which is consistent with the code released by the

State Services Commission.

Disclosure of Interests

The Board is conscious of its obligations to ensure

that board members avoid any conflicts of interest

in their decision-making process. The Board ensures

that a proper process is followed and that members’

interests are formally recorded, with any changes

or additions being disclosed at the start of each

meeting. Members excuse themselves from any

discussions in which their duty as a member could

be compromised.

Risk Management

Tourism New Zealand manages its risks through

a risk management framework; a process that

requires it to identify legislative and business risks

arising from its strategic direction and operating

environment.

Tourism New Zealand’s Risk Management Policy

is reviewed annually by the Audit Committee. The

Chief Executive reports to the Board on the matter of

new or escalated risks and the processes in place to

manage these appropriately.

Tourism New Zealand conducts its own internal

audits. Audits are agreed by the Audit Committee

and programmes of work are developed with input

by Tourism New Zealand’s external auditors. The

results are reported back to the Audit Committee.

Board Committees

Committees of the Board are convened to deal with

specific matters and include the Audit Committee

and Remuneration Committee.

The Audit Committee meets at least three times

a year. It reviews Tourism New Zealand’s internal

control framework, external audit relationships and

engagements, risk management, health and safety

management, and financial reporting, including

International Financial Reporting Standards (IFRS).

The Remuneration Committee meets on an ad-hoc

basis. It reviews the performance and remuneration

of the Chief Executive and senior management. The

committee also approves proposed organisation-

wide remuneration policies.

Governance

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