Crown Company Monitoring Advice to the Minister of Science and Innovation 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 Science and Innovation and other responsible Ministers in respect of the Ministers' shareholding responsibilities.
Significant Work Completed During 2011/12
- Maintained an oversight of the eight Crown research institutes (CRIs) and reported on them in the Treasury's 2011 APR.
- Provided second opinion advice and guidance to MSI on its monitoring of CRIs and Research and Education Advanced Network New Zealand (REANNZ).
- Provided advice on New Zealand Venture Investment Fund Ltd (NZVIF) business planning and risks and opportunities.
- Completed 25 board appointments for CRIs and other entities.
| Performance Dimensions for 2011/12 | Target | Performance for 2011/12 |
|---|---|---|
| Policy advice complies with the Treasury's Quality Standards for Policy. | Achieved | Achieved |
| 2011 Actual $000 |
Crown Company Monitoring Advice to the Minister of Science and Innovation and the Minister for Economic Development |
2012 Actual $000 |
2012 Main Estimates $000 |
2012 Supp. Estimates $000 |
|---|---|---|---|---|
| - | Expenses | 711 | 1,074 | 778 |
| Funded by: | ||||
| - | Revenue Crown | 700 | 1,063 | 767 |
| - | Other revenue | 11 | 11 | 11 |
From 2011/12 the appropriation previously attributable to Vote Crown Research Institutes was transferred to Vote Finance.
