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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

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

You could also call this:

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

Illustration for Reserve Bank of New Zealand Act 2021

You are a member of the board of the Reserve Bank of New Zealand. When you act as a member, you must be honest and do what is best for the Bank. You must not do things that help you but hurt the Bank.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287079.

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51: Duty to act with honesty and integrity, or

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

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53: Duty to act with reasonable care, diligence, and skill, or

"Be careful and make good decisions as a bank board member"

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

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

  1. A member of the board must, when acting as a member, act in good faith and not pursue the member’s own interests at the expense of the Bank’s interests.

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