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Owner's Expectations Manual

Annex 6: Director fees framework

Director fees framework
Fee framework Coverage Applicability to COMU bodies

Cabinet Fees Framework
(where fees are set by Responsible Ministers)

www.dpmc.govt.nz/cabinet/circulars/co09/5.html

Boards remunerated using this framework wanting to discuss remuneration issues should talk to their responsible Minister or monitoring department.

The framework should be used for setting fees for all statutory or other bodies and committees in which the Crown has an interest, and in particular for bodies with responsible Ministers that are outside the Remuneration Authority's or other fee setting bodies' jurisdiction (subject to paragraphs 11 and 12 of the Cabinet Fees Framework). This includes Crown Agents, Autonomous Crown Entities (ACEs), District Health Boards, Tertiary Education Institutions and some subsidiary bodies, trust boards, statutory tribunals and authorities, advisory bodies and committees set up to advise Ministers and departments (and ministerial inquiries and taskforces). It also applies to appointments of individuals as statutory bodies or to other advisory posts, including tribunals and lay members of courts. Consultation with the Minister of State Services should take place on a case-by-case basis about fees when Trans-Tasman bodies are established. Crown entities - EQC, GSF, Lotteries, NZSF, Public Trust

Remuneration Authority

Refer to the Remuneration Authority Legislation and for background

http://www.ssc.govt.nz/remauthority

Boards remunerated using this framework wanting to discuss remuneration issues should talk to the Authority and (if appropriate) the monitoring department.

Under the Remuneration Authority Act 1977, the Remuneration Authority is responsible for annually considering and determining the remuneration and allowances of MPs and the Judiciary, as well as specified statutory officers and members of local authorities and community boards. The Authority also determines the fees for the appointees to Independent Crown Entity (ICE) boards. Productivity Commission (ICE)

Cabinet-approved COMU Framework
(where fees are set by responsible Ministers)

Boards remunerated using this framework wanting to discuss remuneration issues should talk to their shareholding Minister or COMU.

Crown entity companies (including CRIs) and SOEs All others including Schedule 4 companies
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