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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Board of Bank and its members - Individual duties of members

51: Duty to act with honesty and integrity

You could also call this:

"Be honest and do the right thing as a board member"

Illustration for Reserve Bank of New Zealand Act 2021

You must act with honesty and integrity when you are a member of the board. This means being truthful and doing the right thing. You can compare this to a similar law from 2004, which is available at the https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM329984

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287078.

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50: Duty to comply with relevant legislation, or

"Follow the rules and laws that apply to the Reserve Bank"

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52: Duty to act in good faith and not at expense of Bank's interests, or

"Be honest and make good choices for the Bank, not just for yourself."

Part 2Reserve Bank of New Zealand
Board of Bank and its members: Individual duties of members

51Duty to act with honesty and integrity

  1. A member of the board must, when acting as a member, act with honesty and integrity.

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