19 Jun 2014
RBNZ appoints Simpson as new member
FXStreet (Bali) - New Zealand finance minister English has appointed Tania Simpson as member of the RBNZ board, replacing retiring director Sue Sheldon.
Bill English said: "Simpson has a deep understanding of the Maori economy. RBNZ will benefit from Ms Simpson's strong governance background across a range of sectors and her deep understanding of the Maori economy. I am pleased a director of Ms Simpson’s calibre has made herself available to serve on the board and I am confident she will add value to the bank’s work.”
Meanwhile, as noted by Stuff news: "English confirmed the reappointment of Wellington company director Keith Taylor for a second term as a director of the central bank. Taylor is chairman of the Government Superannuation Fund and a commissioner on the Earthquake Commission board."
It is worth noting, however, that member of the RBNZ, unlike other central banks, have little say on the final monetary policy decisions by the RBNZ. Members provide advice to Governor Wheeler, but have no basis in legislation, with no voting being done nor minutes published. The Monetary Policy Committee (MPC) has weekly meetings to advise the Governor.
Bill English said: "Simpson has a deep understanding of the Maori economy. RBNZ will benefit from Ms Simpson's strong governance background across a range of sectors and her deep understanding of the Maori economy. I am pleased a director of Ms Simpson’s calibre has made herself available to serve on the board and I am confident she will add value to the bank’s work.”
Meanwhile, as noted by Stuff news: "English confirmed the reappointment of Wellington company director Keith Taylor for a second term as a director of the central bank. Taylor is chairman of the Government Superannuation Fund and a commissioner on the Earthquake Commission board."
It is worth noting, however, that member of the RBNZ, unlike other central banks, have little say on the final monetary policy decisions by the RBNZ. Members provide advice to Governor Wheeler, but have no basis in legislation, with no voting being done nor minutes published. The Monetary Policy Committee (MPC) has weekly meetings to advise the Governor.