Geof Mortlock, a former senior economist at the Reserve Bank, has called for urgent reforms to the Reserve Bank’s board and performance assessments in his submission to the finance and expenditure committee’s inquiry into banking competition.
Mortlock argued the current board lacks the necessary expertise in financial sector regulation and stability to perform effectively.
In his submissions reported in state media today, he said that the government should prioritise appointing directors with in-depth knowledge of banking and financial stability issues, rather than focusing on achieving gender or ethnic balance. Mortlock asserted that the only “balance” needed is one of skills, experience, and judgment.
Additionally, Mortlock advocated for stronger performance assessments of the Reserve Bank, highlighting the need for greater transparency and accountability, particularly given the institution’s operational independence.
He proposed annual reviews of the Reserve Bank’s board, senior management, and Monetary Policy Committee by Treasury, along with independent audits of the bank’s policies and operations every three to five years.
Common sense in government, now there’s a rare phenomenon….sadly I suspect he’s talking to the wrong audience but I agree 110%…..
Fully agree with Mr Mortlock, the DEI should be removed everywhere. Gender should have no barring in any job or management position in-depth knowledge and know-how should be the criteria. Just look around the world, DEI is backfiring everywhere, is the society sleepwalking?
He is of course 100% correct. This epitomizes the NZ predicament. Woke B grade incompetence has occupied too many positions of power, leadership has become bereft of subject matter expertise. Poor little NZ, we really are f#$&Ed.
Adrian Orr should have gone with Ardern he’s been a disaster for the New Zealand economy, DEI has no place in any government department, time to clean out the rot.
Is he worried they are going to hit a reef and catch on fire and sink?
It must be horrible to spend your working day knowing you got the job because you were helping some company tick a box and not because of all the people they interviewed they considered you the best candidate for the job.
They think they deserve it …. so entitled. They are toxic in the workplace also.
“I can’t believe the misogyny! Oh! what what are we going to do about all those men! Ooh! I could scream!”
😂🤣😂🤣
Na, ya got it all wrong.
Mortlock’s afraid to share the insider story with an unreliable ’cause highly hysteric LGBTQRXYZ individual, whombds pronnouwns take the attention away. Imagine a Greenie in there!
Would’nt want to lose control of what’s the biggest ruse in NZ government, namely the milking of the Godzone farm via ‘oversight’ by the Treasury.
And now Mortlock uses gender issues to cloud over security issues.
Security issues for THEjR scam.
Not many people/voters would know the far-reaching arm of the UNELECTED treasury troupe, headed by Nicola Willis whose pawn statute you surely have googled.
https://www.treasury.govt.nz/sites/default/files/2024-01/bim-regulation-2023.pdf
The unelected public servants of the NZ treasury hold most pivoting positions since many years or even many decades! They ‘advise’ virtually ALL government. So the colour red or blue does NOT matter. But you knew that, didn’t you?
As detailed in the link above, the treasury is THE advisory for Public Services, so for example also directly an advisory part of the totalitarian covid act: https://en.wikipedia.org/wiki/COVID-19_Public_Health_Response_Act_2020
They espouse, according to page 9 of above link, “to act with a spirit of service to the community [they] serve by upholding the five values of the public service: impartial, accountable, trustworthy, respectful and responsive.”
Most of the top echelon of the Treasury has ties to entities like World Bank, IMF, APAC, OECD, so which community do they serve?
“You can boot politicians/governments every three years. Bureaucrazy is forever.”
Here is the personnel:
https://en.wikipedia.org/wiki/Caralee_McLiesh (Aussi)
https://www.treasury.govt.nz/contacts/struan-little
https://www.treasury.govt.nz/contacts/leilani-frew
https://www.treasury.govt.nz/contacts/james-beard (Aussi)
https://www.treasury.govt.nz/contacts/dominick-stephens
https://www.treasury.govt.nz/contacts/cath-atkins
https://nz.linkedin.com/in/kerryn-fowlie-a22a0566?original_referer=https%3A%2F%2Fsearch.brave.com%2F
And you thought you had a vote?
Diversity kills Nations. The outcome, the hard intelligent workers say ‘wtf’, and fudge this. and don’t give a care anymore. It is very bad for New Zealand and productivity. We are taking innovation and productivity backwards.