Generated on: 2023-09-19 10:59:59
CONFIRMED MINUTES
REA BOARD MEETING 23 AUGUST 2023
At the
REA Board Meeting 19 September 2023 on
19 Sept 2023 these minutes were
confirmed as presented.
Name:
Real Estate Authority
Date:
Wednesday, 23 August 2023
Time:
9:00 am to 1:42 pm (NZST)
Location:
REA Offices, Level 4, Todd Building, 95 Customhouse Quay, Wellington
Board Members: Denese Bates KC (Chair), Latham Lockwood, Liz Nidd, Mele Wendt, Tony
Stack, Vern Walsh
Attendees:
Belinda Moffat, Victor Eng, Andrew Bulled, Josh Doherty, Nadine Thomas,
Herman Visagie, Saara Fourie
1.
Opening Meeting
1.1
Board in Committee
Issues for discussion with the Chief Executive were agreed.
1.2
Board and CE alone time
Papers and issues identified by Board were discussed with the Chief Executive.
The following key points were noted for the minutes:
• A discussion was had on board reporting and work to be undertaken by management to
ensure papers and presentations focus on strategic risks and issues, reducing activity-
based reporting.
• The Board noted the high volume of work required to deliver the current key priority
projects (CIP, SEP and RPM) balanced with core business. The Board noted the
importance of ensuring that CIP and SEP are progressed without delays and the project
outcomes achieved.
• The Board noted some of the reduced results in the surveys, and agreed this required a
strategic discussion to ensure clarity of the impact of the internal and external operating
environment on REA’s strategic priorities. The Board agreed with the management
decision that no new initiatives, be undertaken, pending completion of current projects and
increase in capacity.
•
to maintain direct oversight of the SEP project, as a
Board representative. Reporting on progress would continue to be made to the full Board.
• It was agreed that the Board want to ensure appropriate time is allocated at Board
meetings to consider strategic issues.
• A strategic stocktake session with Board and SLT will be held in September to assess
progress against REA’s strategy and strategic plan, to assess the external and internal
Powered by
BoardPro
1
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
risks, threats and opportunities (SWOT and PESTLE review) and to validate REA’s
priorities.
to prepare the agenda, in consultation with
The Board took a break between 10.25-10.35am
1.3
Karakia
The Senior Leadership Team (SLT) joined and the meeting was opened with a Karakia at
10.34am.
SLT were advised of the key themes that arose from the Board and CE discussion. In summary,
the Board:
· recognised the significant workload within the organisation currently and acknowledged
resourcing and capacity challenges faced by management. Recruitment needs to be a
priority and no new initiatives are to be taken on at this time.
· agreed that there is a need to further refine Board papers to contain less operational detail
and have more strategic focus. It was noted that the CE report achieves its purpose. The
Chief Executive will work with SLT to enhance reporting.
· highlighted the length of time it has taken to progress two key projects, CIP and SEP, and
the need to focus on getting these completed. Board member
will
provide Board support on the SEP project.
· agreed that a Board strategic review should be held in September. The September
meetings will therefore be the Audit and Risk Committee, Strategic stocktake and a
streamlined Board meeting.
will work with
on the agenda for
this session.
The Board Chair invited comment from SLT on the current work on hand including key projects:
·
spoke to CIP progress, noting that the project has reached a significant
milestone and the next six weeks are crucial in terms of progress with this project. People
changes commence from 1 September and process changes from 2 October. RST and
CAC recruitment is a priority and actively underway.
reported that he is positive and
optimistic that the project will bring important change and improvement to REA’s regulatory
work.
· The Board discussed what the sector is going to see around the CIP process changes and
the CE noted there will be a sector pānui going out highlighting the change programme
with the complaints process. Engagement with sector representatives for feedback is
underway.
· The Chief Executive noted that all of REA’s regulatory work (including ongoing education,
consumer and sector communication and engagement, and all regulatory services) have a
Powered by
BoardPro
2
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
harm prevention outcome. The Chief Executive noted that new non-core activities were not
being commenced, while the current workplan and project priorities were advanced.
· Members noted that they want to be kept well informed on SEP and proposed that the
Strategic session will help to confirm strategic priorities and to understand what
compromise is required to ensure delivery of priority core work and projects.
2) Draft an agenda for the September Board Strategic Review
to draft an agenda for the September Board Strategic
Review.
Due Date:
18 Sept 2023
Owner:
Belinda Moffat
gave an overview of the PSC Crown Entities session she attended on behalf of the
Board Chair on 2 August 2023. There were some important themes that will link into the strategic
Board session next month.
The Chair asked that the Chair of the Audit and Risk Committee, take over the Chair for the
remainder of the meeting.
1.4
Interests Register
· No new interests were declared for the register.
· The Board was asked to declare any potential conflicts with the CAC panel member
recruitment shortlist to be discussed later in the meeting.
declared that she
was an acquaintance of
through professional channels. This disclosure was
discussed, and it was agreed that it did not present a conflict requiring recusal of
from decision making on CAC appointments.
·
declared he was also an acquaintance of
. This potential conflict
had been managed and the Board was advised that he had been recused from the process
for consideration of
as a CAC member.
would be excluded from
discussions on
application.
·
declared that
was a previous colleague. It was agreed that
be excluded from discussions on
application.
1.5
Confirm Minutes
REA Board Meeting 20 June 2023 20 Jun 2023, the minutes were confirmed with the
following changes:
Inclusion of action relating to complaints analysis which was omitted.
Minutes were approved subject to the inclusion of the omitted action in the June
Board minutes
1.5.a Minutes from the Board Meeting – 20 June 2023
Powered by
BoardPro
3
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
One amendment was requested:
· An action was omitted under the Regulatory Services Team paper that
correlates to RST and EIE looking into
The Board was mindful of adding to the current
workload, but the SLT agreed this analysis is important and the action
will be added.
1.5.b Minutes from the Out of Cycle Remuneration Policy Paper
The minutes were approved as written.
Decision Date:
23 Aug 2023
Mover:
Seconder:
Outcome:
Approved
1.6
Confirmation of Agenda
The agenda was confirmed noting that the time would be extended in light of the earlier strategic
discussion.
2.
Actions from Previous Meetings
2.1
Action Item List
Due Date
Action Title
Owner
20 Jun 2023
RST to explore range of channels for CAC appointees including
Māori and Pacific networks
Status: Completed on 15 Aug 2023
20 Jun 2023
Review Policies every two years unless there is a need for changes
earlier
Status: Completed on 15 Aug 2023
20 Jun 2023
Present action plan to the Board relating to Barriers Faced by
Diverse Consumer Groups Research
Status: Completed on 14 Aug 2023
30 Jun 2023
RPM Funding Letter to the Minister
Belinda Moffat
Status: Completed on 15 Aug 2023
23 Aug 2023
1) Conduct further analysis on increase in CAC referrals
Status: Completed on 8 Sept 2023
23 Aug 2023
Communications Policy
Status: Completed on 14 Aug 2023
23 Aug 2023
Provide the Board with the final version of the Barriers to
Participation research report
Status: Completed on 14 Aug 2023
31 Aug 2023
to oversee CE Role Sizing.
Status: Completed on 15 Aug 2023
31 Aug 2023
Amend the Declaration of Interests and Managing Conflicts Policy
Status: Completed on 15 Aug 2023
19 Sept 2023
9) Conduct data analysis on the increase in complaints to look for
trends/drivers
Status: In Progress
30 Sept 2023
12) REA Emails for Board
Status: In Progress
30 Sept 2023
13) Separation of aged cases
Status: Completed on 8 Sept 2023
Powered by
BoardPro
4
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
Due Date
Action Title
Owner
30 Sept 2023
14) Develop a leadership programme for SLT and Tier 3 Leaders
Status: In Progress
30 Sept 2023
15) Invite the REINZ Board Chair to a future REA Board meeting.
Belinda Moffat
Status: In Progress
30 Sept 2023
16) Board Members to declare personal engagements with Real
Estate Agents in the last 12 months
Status: In Progress
31 Oct 2023
20) Flexi by Default review
Status: In Progress
31 Oct 2023
21) Māori Engagement Framework - Board Marae Visit
Belinda Moffat
Status: In Progress
31 Oct 2023
22) Finalise a plan for rolling out project management training to all Belinda Moffat
staff and Board.
Status: In Progress
31 Oct 2023
23) Bring policy for dealing with difficult people to Board
Belinda Moffat
Status: In Progress
30 Nov 2023
25) Transaction Reports
Status: On Hold
The actions were taken as read with the following points noted:
• It was agreed that the Board should have oversight of the flexi by default policy review and
that this would come to the Board once the CIP project work was complete
• The increase in CAC referrals was due to an increase in more complex and serious
matters, and reduction in willingness by parties to resolve complaints
• Priority for open actions would be considered following the strategy session in September.
3.
Chief Executive's Report
3.1
CE Report
The report was taken as read and the Chief Executive highlighted the following:
· REA has acknowledged the disappearance of real estate agent Yangfei Bao in
Christchurch and this has highlighted health and safety considerations and needs in real
estate. This case has created uncertainty in the sector, particularly for women and minority
groups.
· REA is cautious about being prescriptive around health and safety, given the need for
plans to be responsive to individual situations, but could offer scenario testing or examples
of policies/guidelines, such as those provided by
· REA’s proposed participation in the Future Directors programme (paragraph 11). The
Board supported participation. Capabilities for a future director could include legal, ethnic
and disability perspective aspects of diversity, financial, IT.
· The CAC Applicant Shortlist (pg. 56) was discussed and
those with conflicts of interest
exited the room when those candidates were discussed.
· The proposed candidates for appointment by the Board will be presented to the Board
either out of cycle or at the next meeting.
Powered by
BoardPro
5
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
· Health and Safety:
This was raised at
ARC and the Board agreed with their recommendation that sports teams should continue
as the benefits outweigh the risks, with suitable cautions to all participants to take care and
to play within their means.
· REA’s emissions recording was now complete and will be reported in the Annual Report. A
reduction report will be presented in October.
The Board discussed the following matters:
· Engaging with Worksafe: REA will engage with Worksafe on safety in real estate at the
appropriate time given the ongoing case.
· Safety risks include dogs on properties, which is also relevant to health and safety
concerns for property managers.
· Future directors programme and MoJ’s involvement: The Chief Executive advised that
MoJ is not involved in the selection process, and that REA is responsible for selection of
the candidate. Potential capability includes legal given the need for succession planning for
the next Chair, which must be a lawyer.
· CAC panel member appointments: it is important to ensure the appointees have capacity to
deliver the services. The Chief Executive responded that this was a key question asked
during the interviewing process to ensure appointees would have capacity to undertake the
work. Performance issues in a CAC: a drop off in performance would be managed by a
warning and eventual stand-down.
· Formal response to REINZ letter on the second mandatory CPD topic: verbally
acknowledged but no formal reply to date. Belinda to follow up with the REINZ CE.
· REINZ Awards:
attended on Monday 21 August. T
· Pg. 53
the Board asked whether we could we
have delivered more if activities had been outsourced. Management responded that this
would have been difficult given the limited senior capacity for oversight.
Recommendations
It was recommended that the Board:
•
Note the contents of this report.
•
Discuss the health and safety update and provide feedback on any issues arising
•
Discuss and provide feedback on any other matters raised in this report where indicated.
Outcome: Noted, discussed and feedback provided.
3) Seek written response to REINZ Letter on 2024 Mandatory CPD Topic
Follow up on a formal response to the letter to REINZ on the 2024 mandatory
CPD topic ‘Treating clients and customers fairly’, noting that Board members
had asked after it.
September: REINZ response received, see CE report.
Powered by
BoardPro
6
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
Due Date:
18 Sept 2023
Owner:
Belinda Moffat
24) REA presence at REINZ Awards
Consider whether REA should have more of a presence at the REINZ Awards
as the regulator (e.g. sponsoring a compliance award).
September: Feedback provided to REINZ, awaiting response.
Due Date:
31 Oct 2023
Owner:
Belinda Moffat
3.2
Break
4.
Board Papers for Approval or Discussion
4.1
Policies and Terms of Reference Review
The following policies and Terms of Reference were presented to the Board for discussion and
approval, with the Chief Executive highlighting the key changes in each.
Disclosure of Interests and Managing Conflicts Policy
• The Board had no additional questions or changes.
Leave Policy
The Board discussed the following:
• Bereavement leave amendment was discussed to explore whether the increased allocation
of 5 days leave was enough or whether this should be extended to 10. It was noted that the
policy allowed discretion to managers to award 10 days and for the CE to award further
special leave. The Board agreed to leave the number of days for the bereavement of
immediate family at five and extended family at two, noting the provision to grant special
leave on the discretion of management.
•
asked that her view that the leave allocation ought to be 10 days for immediate
family be recorded.
Employee Volunteer Programme Policy
• The Board had no additional questions or changes.
People and Capability Committee Terms of Reference
• The Board formally noted the delegation to
to Chair this Committee
following approval of the Terms of Reference.
Communications Policy
• The Board noted the updates to the communications policy since the last iteration and had
no additional questions or changes.
Recommendations a, c, d and e were approved as written
Recommendations
It was recommended that the Board:
a. Approve the updated Disclosure of Interests and Managing Conflicts
Policy
b.
NB: Moved separately
c. Approve the updated Employee Volunteer Programme Policy
Powered by
BoardPro
7
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
d. Approve the updated People & Capability Committee Terms of
Reference
e. Approve the new Communications Policy
Decision Date:
23 Aug 2023
Mover:
Seconder:
Outcome:
Approved
Recommendation b was approved
Recommendations
Recommendation b (Leave Policy) was moved separately following the above
discussion. It was recommended that the Board:
b. Approve the updated Leave Policy
Outcome: Approved, noting the view of one Board member who felt the
bereavement provision for immediate family members should be greater.
Decision Date:
23 Aug 2023
Mover:
Seconder:
Outcome:
Approved
4.2
2021-22 Annual Report and 2023/24 Business Plan
The paper was taken as read and the Chief Executive highlighted the following:
Draft 2021-2022 Annual Report
• This is the first draft and the Board Chair and CE introductions are yet to be added. A final
proofread will take place prior to submission to MoJ at the end of August.
The Board discussed the following:
•
should be recorded as a member of the Board in the annual report with a
note that she took a leave of absence in May
• Budget: Pg 114 revenue table under paragraph 36:
clarified that
is interest
income on term deposits.
• Annual report timelines: feedback from this meeting will be incorporated into the draft that
will go to MoJ at the end of the month.
• SLT was encouraged to use the strategy meeting to consider priorities and how additional
budget could be used to relieve capacity and work pressures
• Anecdotally the Board is noticing the market is improving in some areas.
Draft 2023-24 Business Plan
• This plan gives effect to the Statement of Performance Expectations which the Board has
already approved. The Board was invited to approve the 2023-24 Business Plan.
• Noted that the work on property management may impact some of the intended priorities
during the year.
Annual report was noted and the 2023/24 business plan was approved, noting
possible RPM impacts
Recommendations
It was recommended that the Board:
a. Note the annual report 2022/23 update and timetable
Powered by
BoardPro
8
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
b. Provide feedback on and approve the REA 2023/24 Business
Plan.
Moved:
Seconded:
Outcome: Feedback provided
and the Business Plan was approved, subject to
noting that it may be impacted by property management developments.
Decision Date:
23 Aug 2023
Mover:
Seconder:
Outcome:
Approved
4) Annual Report - Addition of Brooke Loader with note of leave of absence from
May
Brooke Loader to be included in the Annual Report with commentary that she
took a leave of absence from May.
Due Date:
18 Sept 2023
Owner:
Belinda Moffat
4.3
2022/23 Research
The paper was taken as read and
highlighted the following:
• Mixed results – some great and some lower than expected.
• Comment was sought from the Board on the publication recommendations.
The Board discussed the following:
• The Board asked whether Management feels they are doing everything they can, based on
these results and particularly where there are downward trends? What are the
opportunities for improvement.
• Awareness is moving in right direction. 2019/20 results were omitted but would have shown
how far we have come since then.
• Noted some missed targets were aspirational, and some were only missed by a small
margin.
• Licensee survey question: do we engage enough with the South Island licensees?
Approximately 12% of licensees are in the South Island.
advised that REA has
done a few presentations and events for licensees in Christchurch and Dunedin, and we
ensure there is representation from the South Island in our Industry Advisory Group
meetings.
• Pg 153 of the perceptions survey shows all four measures have dropped in the last few
years. It was noted people were more volatile, stressed and times are challenging which is
reflected in behaviours and interactions.
Pg. 253 results around interaction with REA’s resources have dropped.
• Perceptions Survey surprises: three out of four for sale and purchase guides, and also the
result about not knowing they needed a lawyer. These points both been pushed regularly
across the sector, so those results were surprising. It was noted that more communication
was needed to promote use of the guides.
• EIE to engage with REINZ to promote the translated guides in their magazines and
communications.
to discuss with
and check in with new REINZ comms lead.
• Summary of licensee results go in the Industry Pānui.
• Belinda noted that the results need to be considered in the context of a challenging year
and while there have been some reductions the results are still strong (many in the 70-80%
range).
• The Board supported the publication recommendations.
Powered by
BoardPro
9
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
Recommendations
It was recommended that the Board:
a. Note the annual research results
b. Note the proposed plan for releasing the research results
c. Discuss and
provide feedback on the proposal regarding publication of the research
results
Outcome: Noted and the Board supported the proposed approach to the publication of the
research results.
5) CPD Topic - Meeting Obligations
Confirm the CPD topic for meeting obligations includes something on both the
sale and purchase guides, when to give these out and also the need to engage
a lawyer.
Due Date:
18 Sept 2023
Owner:
6) Promotion of translated guides
Discuss with REINZ opportunities for them to communicate to the sector about
the translated guides.
11/9/2023- linked to action on REINZ magazine. Awaiting response from REINZ
Due Date:
18 Sept 2023
Owner:
7) Follow up on the REINZ online magazine
Follow up on the REINZ online magazine following the cancellation of the
physical editions.
11/9/2023- reached out to REINZ Head of Comms. REINZ not developing a
magazine , focusing on digital content. Requested to discuss and explore
options for REA contribution.
Due Date:
18 Sept 2023
Owner:
8) Opportunities for Board workshops (discuss in Board strategy session)
Consider what opportunities the Board could have to hold workshops on
particular topics such as the research results (discuss in strategy session).
Due Date:
18 Sept 2023
Owner:
Belinda Moffat
10) Use of consumer protection principle statement in our regulatory work
Advise on how we can use consumer protection principle statement in our
regulatory work (reflecting recent Court of Appeal comments)
September: Case, including the purposive approach has been shared with
CAC’s. CAC training around decision making will also be updated to include
comments around taking an purposive approach.
Due Date:
19 Sept 2023
Owner:
Powered by
BoardPro
10
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
4.4
EIE Update Paper
The paper was taken as read and
highlighted the following:
• A refresh of Industry Advisory Groups is being looked at and the Board’s approval is
sought to delegate the final approval of the Terms of Reference to the Chief Executive (pg.
185).
The Board discussed the following:
• Exceptional circumstances and deferrals for CPD:
We have
an internal policy document to guide our people when it comes to decision-making to
ensure a consistent approach when considering these.
• Comment on IAGs: Rural and Commercial have very different complex needs and
queried whether it is right to combine the people from two very different backgrounds. His
point will be taken on board as these forums do get very technical.
highlighted that
we intend to use the forums slightly differently in the new format: utilising them as a
sounding board for specific topics, rather than as an open forum to raise their issues.
• The TOR needs to be clear about how REA will meet the needs of those in these groups
and make meetings meaningful to them with their individual specialised skill sets.
Recommendations were noted and approved.
Recommendations
It was recommended that the Board:
a. Note the contents of this paper and provide feedback on any matters
raised.
b. Approve a delegation to the Chief Executive to approve the IAGs
Terms of Reference.
Outcome: Noted and approved.
Decision Date:
23 Aug 2023
Mover:
Seconder:
Outcome:
Approved
17) Terms of Reference for the refreshed IAGs
1) Giver further thought to whether combining sector groups into IAGs is the
right approach before finalising the Terms of Reference.
2) Provide the Board with updated Terms of Reference once approved.
September: Draft TOR in development, considering feedback in its development
Due Date:
18 Oct 2023
Owner:
5.
Board Papers for noting
5.1
Regulatory Services Team Paper
The paper was taken as read and
highlighted the following points:
· Several vacancies to fill in the next period.
Powered by
BoardPro
11
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
· External review of CAC decisions: complaints relating to the disclosure of bedrooms.
The Board acknowledge the positive results that came out of the external review of
CAC decisions.
· CACs are under pressure with a number of resignations due to personal
circumstances,
more panel members due to finish in
coming months.
The Board discussed the following:
· Review of CAC decisions: paragraph 13 pg. 190 refers to one area of inconsistence. If
we want consistency and templates for decision-making, then this needs to be looked
at more closely.
· Board noted the value work the CACs provide and asked that their thanks to
appointees be conveyed at the next CAC meeting
Recommendations
It was recommended that the Board:
a.
Note the contents of the Report and provide feedback on any matters raised.
Outcome: Noted
18) CACs
1)
2) Acknowledge the work of the CACs and convey thanks from the Board.
Due Date:
17 Oct 2023
Owner:
5.2
Legal Team Paper
The paper was taken as read and
General Counsel, highlighted the following:
· Senior resignations are a pressure point for the stability and capacity of the legal team
and recruitment is underway.
· Regulatory policy paper will come to the Board.
The Board discussed the following:
· Regulatory lawyer shortages and needing to cast the net wider. Consider approaching
the Bar Association to see if any junior barristers could be interested in working for
REA. The shortage is a Wellington-wide problem, not an REA problem.
Powered by
BoardPro
12
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
Recommendations
It was recommended that the Board:
a.
Note the contents of the Report and provide feedback on any matters raised.
Outcome: Noted
19) Legal Report Appendix A - Include case summaries for context
Include a brief summary of each case in Appendix A for context.
September: Summaries to be included in next full report.
Due Date:
17 Oct 2023
Owner:
5.3
Property Management Regulation Update
The paper was taken as read and the Chief Executive highlighted the following:
· REA has engaged the CIP Project Manager to assist with preparing for this work.
The Board noted the update and raised the following comments or questions:
Recommendations
It was recommended that the Board:
a. Note this report.
Outcome: Noted.
5.4
PMO Report on Projects and Key Initiatives
The paper was taken as read and the Chief Executive highlighted the following:
• It was noted that CPD was recorded as amber and this should be green.
The Board had no additional questions or comments.
Recommendations
It was recommended that the Board:
a. Note the contents of this paper and the attached PMO report.
Outcome: Noted.
Powered by
BoardPro
13
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
5.5
Complaints Improvement Project Update
The paper was taken as read and
Head of Regulatory Services, highlighted the
following:
· CIP principles were well received at this week’s REINZ Ambassadors meeting.
The Board made the following comments:
· Sector communications about this project and key changes are crucial. Management
advised that stakeholder engagement is one of the artifacts for this project and there is
a comms plan in place.
· Board supported the use of an information pack and video to the sector to ensure key
messages are conveyed.
· The Board reiterated the importance of offering those early opportunities to resolve
disputes.
Recommendations
It was recommended that the Board:
a. Note the update on the Complaints Improvement Project
Outcome: Noted.
5.6
Systems Enhancement Project (SEP) Update
The paper was taken as read and Belinda Moffat and
highlighted the following:
Recommendations
It was recommended that the Board:
a. Note the progress update of the Systems Enhancement Project
Outcome: Noted.
5.7
People & Capability Quarterly Report (Q4: April - June)
The paper was taken as read and
Head of People and Capability, highlighted the
following:
· Attrition rates remain in line with previous years and is a key focus.
· Kia Toipoto: support was sought from the Board publishing of gender pay gaps.
Powered by
BoardPro
14
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
The Board discussed the following:
· What are our recruitment barriers and attrition drivers?
o Career progression limitations due to our size (flat structure).
o Leadership capability: is this an issue? Leadership vacancies in teams
does result in some challenges and greater pressure on senior leaders.
We also need to focus on the development of our T3 and 4 managers –
management maturity.
· Pay has improved so is no longer an exit theme.
Recommendations were noted and approved.
Recommendations
It was recommended that the Board:
a. Note the contents of this paper and P&C quarterly report.
b. Approve the publishing of REA’s gender pay gap following the
completion of the 2023 annual remuneration review.
Outcome: Approved
Decision Date:
23 Aug 2023
Mover:
Seconder:
Outcome:
Approved
6.
Other Business
6.1
General Business
· The Board and Senior Leadership Team presented the Board Chair with a gift to
acknowledge her upcoming significant birthday.
11) Discuss approval protocols (moving and seconding) at the next Board meeting.
Discuss approval protocols (moving and seconding) at the next Board meeting.
September: To be discussed in strategy session
Due Date:
19 Sept 2023
Owner:
6.2
Closing Karakia
The meeting was closed with a Karakia at 1.42pm.
Next meeting 19 September 2023, with a Board strategic review session the day prior.
6.3
Lunch 1.00pm
7.
Close Meeting
7.1
Close the meeting
Next meeting: REA Board Meeting 19 September 2023 - 19 Sept 2023, 9:00 am
42nuhia, unuhia Draw on, draw on,
Powered by
BoardPro
15
Minutes : REA Board Meeting 23 August 2023 - 23 Aug 2023
Unuhia ki te uru tapu nui Draw on the supreme sacredness
Kia wātea, kia māmā, te ngākau, To clear, to free the heart,
te tinana, te wairua t e ara takatā the body and the spirit of mankind
Koia rā e Rongo, whakairia ake ki runga Rongo, suspended high above us (i.e. in ‘heaven’)
Kia tina! TINA! Hui e! TĀIKI E! Draw together! Affirm!
Signature:____________________
Date:_________________________
Powered by
BoardPro
16
