Crown Entities Act 2004

Establishment and governance of Crown entities - Crown entity companies - Collective duties of board

92: Duty to act consistently with objectives, functions, statement of intent, and statement of performance expectations

You could also call this:

"Crown entity companies must do things that match their goals and plans."

The board of a Crown entity company must make sure the company does things in a way that is consistent with its objectives, functions, current statement of intent, and current statement of performance expectations. You can think of objectives as the company's goals, and functions as the tasks it needs to do to achieve those goals. The company must act in a way that aligns with these goals and tasks, as well as with its statement of intent and statement of performance expectations, which are documents that outline what the company plans to do and how it will measure its success.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM330334.


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Part 2Establishment and governance of Crown entities
Crown entity companies: Collective duties of board

92Duty to act consistently with objectives, functions, statement of intent, and statement of performance expectations

  1. The board of a Crown entity company must ensure that the company acts in a manner consistent with its objectives, functions, current statement of intent, and current statement of performance expectations.

Notes
  • Section 92 heading: amended, on , by section 46(1) of the Crown Entities Amendment Act 2013 (2013 No 51).
  • Section 92: amended, on , by section 46(2) of the Crown Entities Amendment Act 2013 (2013 No 51).