Vote Crown Research Institutes Output Expense Performance
Crown Company Monitoring Advice to the Minister of Research, Science and Technology and the Minister for Economic Development
Scope of Appropriation
This appropriation is limited to the provision of ownership, performance monitoring and governance advice to the Minister of Research, Science and Technology and other responsible Ministers in respect of the Ministers' shareholding responsibilities.
Significant Work Completed During 2009/10
- Prepared advice for Ministers on the performance of the CRIs, NZVIF and REANNZ.
- Managed, on behalf of responsible Ministers, the appointment of CRI, NZVIF and REANNZ directors and monitored the performance of those boards and directors.
- Assisted the responsible Ministers in formulating ownership expectations in relation to the governance practices of the companies.
- Prepared advice on the Statements of Corporate Intent and strategic plans of the CRI, NZVIF and REANNZ boards.
- Completed performance reports on a quarterly, half-year and full-year basis to analyse the performance and accountability documents prepared by each company.
- Hosted training programmes for recently appointed and aspiring directors.
- Hosted professional development updates for existing Crown directors.
- Hosted a one-day induction seminar for new CRI and REANNZ directors.
| Performance Dimensions | Target | Performance in 2009/10 |
|---|---|---|
| Quality standards for analysis and advice. | Achieved |
Not assessed in 2009/10. Refer to page 60 for further information on the application of the policy standard during 2009/10. |
| Ministerial satisfaction. | Materially met |
Materially met. Service levels by COMU are unchanged from CCMAU. As MoRST's monitoring role increases, COMU's role reduces so as to avoid a duplication of resources. During the year COMU has provided the Minister with six-monthly reports on its service performance, quarterly reports on the performance of entities being monitored and ad hoc reports on other areas of interest. In addition to these reporting channels, weekly meetings with the Minister have ensured more real-time opportunities for feedback on COMU's performance. |
| 2009/10 Actual $000 |
Supp. Estimates - Voted $000 |
Main Estimates $000 |
2008/09 Actual $000 |
|||
|---|---|---|---|---|---|---|
| Expenses | 696 | 924 | 1,074 | 997 | ||
| Funded by: | ||||||
| Revenue Crown | 687 | 913 | 1,052 | 981 | ||
| Other Revenue | 9 | 11 | 22 | 16 | ||
