New Zealand Growth Capital Partners - Director role

About New Zealand Growth Capital Partners

New Zealand Growth Capital Partners Limited (NZGCP) was established in 2002 under the Companies Act 1993, to build a vibrant early-stage investment market in New Zealand.

The objective of NZGCP is to stimulate a well-functioning capital market for early-stage technology companies. NZGCP are responsible for two investment vehicles; the Aspire NZ Seed Fund (Aspire Fund) and the Elevate NZ Venture Fund (Elevate Fund), which are designed to stimulate private investment into this space through co-investment and fund of funds models.

Specific skills and experience sought

The Minister is seeking candidates who can provide the following specialist skills, experience and attributes:

• A genuine interest in developing New Zealand’s early-stage investment market and helping early-stage companies grow.
• A depth and breadth of governance experience.
• Ability to assess the strategic financial performance of an organisation at the governance level, including evaluating spending and investment opportunities and decisions.
• Knowledge of capital programmes, asset management and assessing value for money.
• Business, commercial and financial acumen, ideally as Chartered Accountant or prior CFO experience.
• Audit and risk experience, preferably in audit and risk committee Chair roles.

Applicants must have the legal right to work in New Zealand.

Director responsibilities

The Public Service Commission’s guidance sets out that a Crown entity director should:

• comply with the Crown Entities Act, Companies Act, the NZGCP constitution and other relevant legislation
• act with honesty, integrity, in good faith and not at the expense of the entity’s interests
• act with reasonable care, diligence and skill (as a ‘reasonable person’ would in the same circumstances)
• avoid disclosing information obtained in their capacity as a member, unless in specified circumstances
• provide effective leadership to the entity, consistent with the purpose of the entity and Ministers’ expectations
• provide guidance and support to the Chief Executive to ensure the entity is managed effectively. This includes establishing an effective working relationship with the Chief Executive while also taking an independent view to challenge and test management thinking
• manage risk and ensure compliance of the entity
• attend board meetings and ensure appropriate policies and structures are in place to support the entity
• provide guidance and support to other board members to ensure they contribute effectively to the governance of the entity.

Time commitment and remuneration

Fees for the Board are set by the Treasury Crown Company Fees Methodology. Directors are paid a fee of $38,070  per annum based on approx. 30 day per year.

Further information

A position description for the role can be found here: New Zealand Growth Capital Partners Limited - Director | Ministry of Business, Innovation & Employment 

Please note that applications close 9 December at 11.59pm.

For enquiries about the position, email: board.appointments@mbie.govt.nz