Board Minutes 7 December 2022 - Board Minutes 7 December 2022
Date: Wednesday 7 December 2022 9.15am-5.50pm
Location: NZTE Auckland
Attendees: Jennifer Kerr (Chair); Mike O’Donnell (Deputy Chair); Carl Carrington; Wayne 
Norrie; Sarah Paterson, Victoria Spackman, Deb Shepherd, s9(2)(a)
Apologies: Traci Houpapa
In attendance: Peter Chrisp, Chief Executive; Dylan Lawrence, GM Investment (item 2.1, 4.4); Jess Dorman, 
Business Advisor to CE (items 2.1-2.4); Sanchia Yonge, GM Customer Solutions Group (items 2.1-2.3, 3.1 & 
4.2); Clare Wilson, GM International (items 2.1-2.2, & 3.2); Rachel Baxter, GM People and Kōrako (items 2.1-2.2, 
3.2 & 4.1); Tim Green, GM Strategy, Performance & Partners (items 2.1-2.4 & 4.3); Daniel Taylor, GM Export 
Customers (items 2.1 & 3.1); Vanessa O’Neill, Regional Director Europe (item 2.2); Chris Seed, Chief Executive, 
MFAT (item 2.3); Chris Bunny, Deputy Secretary, Labour, Science & Enterprise, MBIE (items 2.3-2.4); Iain 
Southall, Director Economic Development and Transitions, MBIE (items 2.3-2.4); Stuart Horne, Divisional 
Manager Economic Division, MFAT (item 2.4); Jason Hare, Director Safety & Wellbeing (item 4.1); Mohit 
Misquitta, Director International Growth Fund (item 4.2); Justin Foster, Chief Financial Officer (item 4.3); 
Jonathan Wells, Investment Director Private Capital (item 4.4); Jodana Samuel, Strategic Communications 
Advisor (item 5.1); Kate Moran, General Legal Counsel (item 5.3); Richard Cotman, Partner Tech & Services 
(item 5.4); Mel Blake-Palmer, Board Governance Manager; Jamee Taylor, Board Governance Advisor.
1
INTRODUCTION 
1.1
Opening Karakia
1.2
Apologies
Apologies were received from Traci Houpapa.
1.3
Declared Interests
The Board noted the declared interests register. 
1.4
Minutes of previous meeting – 6 October 2022
The cybersecurity dashboard referred to in the minutes was included in the Resource Centre for this 
meeting. In future it will be appended to the CE’s Report.
The Board approved the minutes of 6 October 2022.
1.5
Actions Register
Items 566, 567 and 570 were closed. Item 568 was amended for clarity and remains open. 
The Board noted the actions register for November 2022.
1.6
2023 Board Programme
The Board discussed committee membership to be formalised early in the new year once the current round 
of Board appointments is complete. The Board agreed to retire the GNC committee.
The Board noted the Board Programme for 2023.
under the Official Information Act 1982
2
KEY REPORTS
2.1
Chief Executive’s Report 
The CE outlined the strategic cadence/cycle of NZTE – giving context for the format of Board papers and 
discussions.
s9(2)(g)(i)
1. s9(2)(g)(i)
Released 
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Board Minutes 7 December 2022 - Board Minutes 7 December 2022
The Board 
i.
noted the Chief Executive’s Report for December 2022
ii.
noted the ONE Team Dashboard for October 2022.
2.2
International Insights
Vanessa O’Neill, Regional Director Europe joined the meeting to share her perspectives on the region. The 
discussion focused on:
∑
The diversity of markets in Europe – each country is a completely different, individual market. 
∑ s9(2)(g)(i)
  1982
∑
The region has been busy with customers now able to travel into market. Key sectors remain marine, 
tech and agritech. 
∑ s9(2)(g)(i)
 
Act 
 
The Board:
i.
noted the contents of the paper.
2.3
Ministry Advisor’ Updates
Ministry of Foreign Affairs and Trade 
Chris Seed joined the meeting to update the Board on relevant issues from MFAT’s perspective, including 
geopolitics, trade agreements, and supporting the safety and wellbeing of people in our international 
networks.
Ministry of Business, Innovation and Employment 
Information 
Chris Bunny joined the meeting to update the Board on relevant issues from MBIE’s perspective, including 
budget bids, visa processing, ITPs and supply chain. 
s9(2)(f)(iv)
Official 
the 
under 
The Board:
i.
s9(2)(g)(i)
 
3
STRATEGY
s9(2)(f)(iv)
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Board Minutes 7 December 2022 - Board Minutes 7 December 2022
s9(2)(f)(iv)1982
Act 
s9(2)(g)(i)
The Board:
i. noted the contents of the paper; and
ii. discussed the questions posed in the paper.
Information 
3.2
Kaitiakitanga
s9(2)(g)(i)
Official 
the 
under 
The Board:
ii.
noted the contents of the paper; and
iii. discussed the questions posed in the paper.
4
OPERATIONS
4.1
Safety & Wellbeing 
Management thanked Board members for their recent safety and wellbeing site visits at the Auckland, 
Wellington and Christchurch offices. Short- and long-terms actions are underway in response to Board 
Released 
members’ recommendations.
NZTE BOARD MINUTES 7 December 2022
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Board Minutes 7 December 2022 - Board Minutes 7 December 2022
s9(2)(g)(i)
s9(2)(g)(i)
 
 
The Board noted the incidents and risks reported for October 2022.
4.2
International Growth Fund (IGF)
s9(2)(f)(iv)
 
 1982
 
Management thanked Wayne Norrie for his exceptional support of the IGF programme. 
The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard; and
Act 
ii.
noted the pipeline for FY23.
4.3
Finance 
The Board and management discussed the adjustments to carbon budgets. 
The Board:
i.
noted the current financial performance report to 31 October 2022; and
ii.
noted the allocation of prior year surplus in the October re-forecast.
4.4
Investor Migrant programme
GM Investment gave an overview of the context for NZTE taking on Investor Migrant attraction and aftercare 
work. As part of this, NZTE is now responsible for stewardship of the criteria and process for determining the 
Information 
acceptability of management funds and direct investments for the purposes of the Active Investor Plus visa.
s9(2)(g)(i)
 
 
5
APPROVALS
5.1
Delegating Authority for the 2021/22 Annual Report 
Official 
The Board Chair and ARC Chair have reviewed NZTE’s 2021-22 Annual Report and Annual Financial 
Statements, and gave their approval at the meeting. They also approved use of their digital signatures in 
NZTE’s Annual Report 2021-22.
the 
The Board:
i.
delegated to the Board Chair and the Chair of Audit and Risk Committee (ARC) to review and 
approve NZTE’s 2021-22 Annual Report, including the Annual Financial Statements;
ii.
agreed that Jennifer Kerr (Board Chair) and Sarah Paterson (ARC Chair) sign the 2021-22 Annual 
Report, Financial Statements and the Board’s Letter of Representation, and give permission for the 
use of their e-signatures for this purpose; and
under 
iii.
s9(2)(g)(i)
 
 
5.2
Appointment of NZ G2G Advisory Board member
The NZ G2G Advisory Board Chair gave a brief update on the current challenges and opportunities for NZ 
G2G.
The Board:
i.
approved the appointment of Graeme Sumner as an independent member of the NZ G2G Advisory 
Board for a term of three years commencing 13 December 2022.
Released 
NZTE BOARD MINUTES 7 December 2022
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s9(2)(g)(i)1982
s9(2)(g)(i)
Act 
5.5
Out of cycle approvals 
The Board formally noted the decisions that were unanimously assented to via email since the Board’s last 
meeting, being: 
a. s9(2)(g)(i)
 
b. amending the attendance requirements for other CE members – Clause 3.4
c. s9(2)(f)(iv), s9(2)(g)(i)
 
Information 
6
COMMITTEE AND BOARD UPDATES
6.1 
Audit & Risk Committee
The Chair of the Committee gave an update from the 18 November meeting. Key items of discussion at 
that meeting included the Business Assurance work programme, the risk register, s9(2)(g)(i)
 
Official 
 
 
the 
6.2 
Culture & People Committee
The Chair of the Committee gave an update from the 4 November meeting. Key items of discussion at 
that meeting included the draft Kaitiakitanga paper, s9(2)(g)(i)
 and options to address the 
gender pay gap. 
Since the CPC meeting, Board members have conducted safety and wellbeing site visits to the 
Wellington, Christchurch and Auckland offices. Management is following up on recommendations made.
under 
7
GENERAL BUSINESS
7.1
Any other business
There was no other business.
7.2
Board engagements
The Board noted members’ NZTE-related engagements since the last Board meeting on 6 October 2022.
7.3
NPS Completed
Released 
7.4
Meeting review
NZTE BOARD MINUTES 7 December 2022
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8
BOARD DISCUSSION
8.1
Board Members only
8.2
Closing Karakia 
s9(2)(a)
1982
Jennifer Kerr
Date
Chair
Act 
Information 
Official 
the 
under 
Released 
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Board Minutes 6 October 2022 - Board Minutes 6 October 2022
Date: Thursday 6 October 2022 8.30am-3.00pm
Location: NZTE New Plymouth
Attendees: Jennifer Kerr (Chair); Mike O’Donnell (Deputy Chair); Carl Carrington; Traci 
Houpapa; Wayne Norrie; Sarah Paterson, Victoria Spackman, Deb Shepherd, s9(2)(a)
In attendance: Peter Chrisp, Chief Executive; Carolyn Tremain, Chief Executive, MBIE (item 2.2); Stu Horne, 
Divisional Manager Economic Division, MFAT (item 2.2); Dylan Lawrence, GM Investment (item 2.1-2.2); Jess 
Dorman, Business Advisor to CE (item 2.1-2.2); Sanchia Yonge, GM Customer Solutions Group (item 2.1-2.3, 
3.1 & 4.2); Clare Wilson, GM International (item 2.1-2.2); Rachel Baxter, GM People and Kōrako (item 2.1-2.2 & 
1982
4.3); Tim Green, GM Strategy, Performance & Partners (item 2.1-2.2, & 4.2); Dale Stephens, Director Māori 
Partnership (Item 3.1); Rangi Ririnui, Investment Director Māori (Item 3.1); Theresa Rongonui, Director Learning 
and Organisational Development (Item 3.1); Jeremy Gardiner, Head of Māori Export Customers (Item 3.1); 
Florence van Dyke, Sustainability Lead (Item 3.2); Mohit Misquitta, Director International Growth Fund (Item 4.1); 
Act 
Justin Foster, Chief Financial Officer (item 4.2); Jason Hare, Director Safety & Wellbeing (item 4.3); Mel Blake-
Palmer, Board Governance Manager; Jamee Taylor, Board Governance Advisor.
1
INTRODUCTION 
1.1
Opening Karakia
1.2
Apologies
Traci Houpapa joined the meeting at 10.00 am.
There were no other apologies.
Information 
s9(2)(ba)(i)
1.4
Minutes of previous meeting – 25 August 2022
There was one addition to the minutes of the 25 August meeting, to note that MOD offered to connect 
Official 
the Women in Export Lead with s9(2)(b)(ii)
 for sharing of the Women in Export podcast library.
The Board approved the minutes of 25 August 2022.
1.5
Actions Register
the 
Items 557, 564 and 565 can be closed.
The Board noted the actions register for October 2022.
1.6
2022/23 Board Programme
There was one correction to the Board Programme for 2022/23, removing the reference to a 
under 
Governance and Nomination Committee.
The Board noted the Board Programme for 2022/23.
2
KEY REPORTS
2.1
Chief Executive’s Report 
The CE referred to the performance dashboard and noted that:
∑ s9(2)(g)(i)
∑ Investment deals have had a strong start for the year, with pDEI and pDEI ratios particularly 
Released 
strong. 
∑ s9(2)(g)(i)
 
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Board Minutes 6 October 2022 - Board Minutes 6 October 2022
∑ s9(2)(b)(ii)
 
∑ The Export Growth benchmark is an annual result and key indicator in our Statement of 
Performance Expectations. s9(2)(g)(i)
 
∑ s9(2)(g)(i)
 
 
s9(2)(g)(i)
 
1982
s9(2)(g)(i), s9(2)(f)(iv)
 
Act  
 
s9(2)(g)(i)
 
   
The Board 
Information 
i.
noted the Chief Executive’s Report for October 2022
ii.
noted the ONE Team Dashboard for August 2022.
2.2
Ministry Advisor’ Updates
Ministry of Foreign Affairs and Trade 
Stu Horne joined the meeting to update the Board on relevant issues from MFAT’s perspective, 
including trade missions and wider reconnection efforts, progress on trade negotiations, and outreach 
Official 
work to s9(2)(g)(i)
The CE thanked Stu for 
his support of NZTE.
s9(2)(g)(i)
the 
3
STRATEGY
under 
3.1
Mātau
Te Pora Māori gave an overview of the paper and the four parts of the Mātau strategy:
∑
s9(2)(g)(i)
 
 
Released 
   
NZTE BOARD MINUTES 6 October 2022
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s9(2)(g)(i)  
 
 
  1982
 
∑ s9(2)(g)(i)
 
Act 
 
   
 
 
 
 
 
Information 
s9(2)(g)(i)
 
.
The Board:
i. noted the contents of the attached paper; and
ii. discussed ngā pātai posed in the attached paper.
Official 
3.2
Sustainability
The Head of Sustainability gave an introduction and overview of the paper. Key discussion points 
included:
the 
∑ s9(2)(g)(i)
 
 
 
under 
 
 
 
The Board suggested looking at what s9(2)(g)(i)
 
The Board agreed that s9(2)(f)(iv)
 
Released 
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Board Minutes 6 October 2022 - Board Minutes 6 October 2022
The Board:
i.
noted the contents of the paper; and
ii.
discussed the questions posed in the paper.
4
OPERATIONS
4.1
International Growth Fund (IGF)
The Director IGF gave a verbal update for the September month end. Approvalss9(2)(g)(i)
 1982
s9(2)(g)(i)
 
s9(2)(g)(i)
 
 
Act  
 
s9(2)(g)(i)
 
 
The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard;
ii.
noted the year-end result for FY22 and pipeline for FY23;
4.2
Finance 
s9(2)(f)(iv)
 
Information 
 
 
 
 
The Board:
Official 
i.
noted the current financial performance report to 31 August 2022;
ii.
noted the indicator of carbon usage from flights to 31 August 2022;
iii.
noted the October reforecast is upcoming, based on September month end results.
the 
4.3
Safety & Wellbeing 
The Director Safety & Wellbeing advised that the decommissioning of the Expo pavilion has been 
completed. 
s9(2)(g)(i)
   
under 
 
  
 
 
 
Released 
The Board noted the incidents and risks reported for August 2022.
NZTE BOARD MINUTES 6 October 2022
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1982
Act 
Information 
Official 
the 
under 
Released 

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Board Minutes 25 August 2022 - Board Minutes 25 August 2022
Date: Wednesday 25 August 2022, 8.30am - 4.00pm
Location: NZTE Auckland
Attendees: Jennifer Kerr (Chair); Mike O’Donnell (Deputy Chair); Carl Carrington; Traci Houpapa; 
Wayne Norrie; Sarah Paterson, s9(2)(a)
In attendance: Peter Chrisp, Chief Executive; Chris Seed, Chief Executive, MFAT (item 2.2); Chris 
Bunny, Deputy Secretary Labour, Science and Enterprise, MBIE (item 2.2); Dylan Lawrence, GM 
1982
Investment (item 2.1-2.2); Jess Dorman, Business Advisor to CE (item 2.1-2.2); Sanchia Yonge, GM 
Customer Solutions Group (item 2.1-2.3, 3.1 & 4.2); Clare Wilson, GM International (item 2.1-2.2 & 3.3); 
Lisa Thompson, GM Export Customers (item 2.1-2.2); Rachel Baxter, GM People and Kōrako (item 2.1-
2.2 & 4.5); Tim Green, GM Strategy, Performance & Partners (item 2.1-2.2, 3.1 & 4.3-4.4); James Crabb, 
Chief Technology Officer (item 3.1); Pip Cameron, Head of Reach (item 3.1); Iain Mccombe, Director 
Act 
Digital Products (item 3.1); Anna Guenther, Women in Export Lead (Item 3.2); Amanda Martin, Regional 
Director NAM (Item 3.3); Andrew White, Regional Director Greater China (Item 3.3); Benny Goodman, 
Regional Director East Asia (Item 3.3); Glen Murphy, Regional Director AUSPAC (Item 3.3); Rachael 
Kerr, Regional Director IMEA (Item 3.3); Steve Jones, Regional Director LATAM (Item 3.3); Vanessa 
O’Neill, Regional Director Europe (Item 3.3); Clayton Kimpton, Commissioner General for NZ Expo (Item 
4.1); Kylie Archer, COO for NZ Expo (Item 4.1); Mohit Misquitta, Director International Growth Fund 
(Item 4.2); Jodana Samuel, Strategic Communications Advisor (Item 4.3); Justin Foster, Chief Financial 
Officer (item 4.4); Jason Hare, Director Safety & Wellbeing (item 4.5); Mel Blake-Palmer, Board 
Governance Manager; Jamee Taylor, Board Governance Advisor. 
1
INTRODUCTION 
Information 
1.1
Opening Karakia
1.2
Apologies
Apologies were received from Traci Houpapa for the start of the meeting (joined at approximately 
10.00am).
1.3
Declared Interests
The Board noted the declared interests register. 
Official 
1.4
Minutes of previous meeting – 15 June 2022
The Board approved the minutes of 15 June 2022.
1.5
Actions Register
the 
Items 555, 556, 558 and 559 have been completed and were closed. Item 557 (Mātau discussion) is 
scheduled for the October Board meeting and remains open.
The Board noted the actions register for August 2022.
1.6
2022/23 Board Programme
The Board meeting and regional visit on 5 & 6 October has been confirmed for Taranaki. 
under 
The Board noted the Board Programme for 2022/23.
2
KEY REPORTS
2.1
Chief Executive’s Report 
The CE referred to the performance dashboard and noted that:
∑ s9(2)(g)(i)
 
 
Released 
 
The CE provided a verbal update on s9(2)(g)(i)
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Board Minutes 25 August 2022 - Board Minutes 25 August 2022
Key topics discussed by the Board and management were:
∑ s9(2)(f)(iv)
 
 
 
∑ The benefits, challenges and continuing evolution of hybrid working arrangements.
∑ How sector work and ITPs fit within Kōrako, and the balance between sector work and customer 
work. 
The Board congratulated the ONE Global Team for stunning full-year results in challenging 
circumstances.
The Board 
1982
i.
noted the Chief Executive’s Report for August 2022
ii.
noted the ONE Team Dashboard for the year ending 30 June 2022.
iii. noted the ONE Team Dashboard for July 2022.
Act 
2.2
Ministry Advisor’ Updates
Ministry of Foreign Affairs and Trade 
Chris Seed joined the meeting to update the Board on relevant issues from MFAT’s perspective, including 
trade missions and wider reconnection efforts, progress on trade negotiations, and outreach work to 
encourage diversification of markets.
Ministry of Business, Innovation and Employment 
Chris Bunny joined the meeting to update the Board on relevant issues from MBIE’s perspective, 
including investment strategy and visa settings, visa processing, and ITPs.
3
STRATEGY
s9(2)(g)(i)
Information 
Official 
the 
The Board:
under 
i.
discussed the contents of the attached paper; and
ii.
noted that the Digital Strategy will be brought to the Board again in April 2023.
3.2
Women in Export
The Women in Export Lead introduced the paper and sought the Board’s feedback on the four questions 
posed. Board feedback and discussion points included:
∑ s9(2)(g)(i)
 
 
 
Released 
 
NZTE BOARD MINUTES 25 AUGUST 2022
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Board Minutes 25 August 2022 - Board Minutes 25 August 2022
∑ s9(2)(f)(iv)
 
 
 
The Board requested some data on how women fare in the investment space [ACTION]. The Board also 
asked the Lead Team to give some thought to the end goal and what equality of outcome looks like. What 
are the statistics we want to see? 
1982
The Board:
i.
noted the contents of the paper; and
ii.
discussed the dilemmas posed in the paper.
Act 
s9(2)(g)(i)
Information 
Official 
The Board:
the 
i.
noted the contents of the paper; and
ii.
discussed the dilemmas posed in the paper.
4
OPERATIONS
4.1
Expo 2020
Commissioner General for NZ Expo thanked the Board for their support and gave an overview of the 
highlights and challenges of Expo. Key points discussed by the Board and management were:
under 
∑ s9(2)(g)(i)
 
The Board thanked the Expo team for everything they did to achieve such as successful outcome for New 
Zealand.
Released 
NZTE BOARD MINUTES 25 AUGUST 2022
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The Board:
i.
noted the Expo 2020 Close-Out Report (RC) was tabled at the Audit and Risk Committee on 12 
August 2022;
ii.
noted IQANZ completed an independent post-project review, which is included as an Annex to 
the Expo 2020 Close-Out Report; and
iii.
noted decommissioning of the New Zealand pavilion is scheduled for completion by 30 
September.
4.3
International Growth Fund (IGF)
The Director IGF advised that the new IGF process was launched on 1 July with positive feedback 
1982
received. The Board asked whether the new DEI calculation has been implemented, and management 
confirmed that it has.
The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard;
Act 
ii.
noted the year-end result for FY22 and pipeline for FY23;
4.4
Annual Report
The Board:
i.
noted the draft 2021/22 Annual Report will be circulated (by email) for the Board’s feedback in 
mid-September;
ii.
delegated to the Audit and Risk Committee (ARC) and the Board Chair to review and approve 
NZTE’s 2021-22 Annual Report, including the Annual Financial Statement;
iii.
agreed that Jennifer Kerr (Board Chair) and Traci Houpapa (ARC Chair) sign the 2021-22 Annual 
Report, Financial Statements and the Board’s Letter of Representation, and give permission for 
the use of their e-signatures for this purpose; and
iv.
noted that the requirement for the Auditor-General to provide an audit report by 31 October has 
been extended to 31 December this year. This will impact on Audit NZ’s timeframes for completing 
Information 
their audit of NZTE.
4.4
Finance 
The Board:
i.
noted the year-end financial performance report to 30 June 2022.
ii.
noted the current financial performance to 31 July 2022
4.5
Safety & Wellbeing 
Official 
The Board asked about the toolkit to help people leaders monitor hybrid working, and whether there is 
any variance in approach between international and New Zealand teams. Director Safety & Wellbeing 
advised there is variance in approach, but it is not a New Zealand/International spilt, rather it is across 
different teams in all locations. the 
The Board noted the incidents and risks reported for July 2022.
4.6
NZ G2G
Mike O’Donnell declared his interest in this matter and left the room for this agenda item.
The Board:  under 
i.
approved the appointment of Mike O’Donnell as Chair of the NZ G2G Advisory Board for a term 
of three years commencing 25 August 2022.
5
COMMITTEE AND BOARD UPDATES
5.1 
Audit & Risk Committee
The Chair of the Committee gave a verbal update on the 12 August meeting. It was agreed that the Chair 
of the Audit & Risk Committee, instead of the Board Chair, will attend the introductory meeting requested
by the Office of the Auditor General.
The Board commented that the cybersecurity dashboard (included with the draft minutes) meets their 
needs as a way of regularly reporting against this risk.
Released 
The Board noted the draft minutes from the 12 August 2022 meeting.
NZTE BOARD MINUTES 25 AUGUST 2022
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Board Minutes 25 August 2022 - Board Minutes 25 August 2022
5.2
Culture & People Committee
The Chair of the Committee gave a verbal update on the 23 August meeting, where it was agreed that a 
health and safety site inspection of the major New Zealand offices would be completed by Board 
members (Mike O’Donnell for Wellington, Jennifer Kerr for Auckland, Carl Carrington for Christchurch). 
The Board and management discussed the gender pay gap, and the Board requested a paper for the 
Culture & People Committee that maps a path to pay equity across NZTE. 
The Board and management briefly discussed Trade Commissioner bench strength. The Board 
suggested that some Trade Commissioners be included in the regular ‘International Insights’ agenda 
items at Board meetings.
1982
The Board noted the verbal update on the 23 August 2022 meeting.
6
GENERAL BUSINESS
6.1
Any other business
Act 
The CE and Board Chair are meeting with the interim CE of Callaghan Institute to discuss where NZTE 
and Callaghan might usefully collaborate and cooperate. 
The Board and management discussed the various projects underway in priority areas and the demand 
these place on leaders’ time. The Board commented that as long as there is clarity of goal and direction, 
they have plenty of patience around timeframes. 
6.2
Board Engagements
Traci Houpapa noted a correction for the paper – she did not participate in the judging panel for the New 
Zealand International Business Awards, but did speak to a group of Te Pora Māori wahine.
6.3
NPS Completed (via Diligent)
6.4
Meeting review
Information 
7
GENERAL BUSINESS
7.1
Freewheeling discussion
7.2
Messages from the Board
The Board requested key messages, including themes that are likely to be included in s9(2)(f)(iv)
[ACTION]
7.3
Board Members only
Official 
7.4
Closing Karakia
the 
s9(2)(a)
Jennifer Kerr
Date
Chair
under 
Released 
NZTE BOARD MINUTES 25 AUGUST 2022
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Board Minutes 15 June 2022 - Board Minutes 15 June 2022
Date: Wednesday 15 June 2022 8.30am-4.15pm
Location: NZTE Auckland
Attendees: Jennifer Kerr (Chair); Mike O’Donnell (Deputy Chair); Traci Houpapa; 
Wayne Norrie; Sarah Paterson, Carl Carrington.
In attendance: Peter Chrisp, Chief Executive; Dylan Lawrence, GM Investment (item 2.1-2.3 & 3.2); Clare 
Wilson, GM International (item 2.1-2.3, 4.1 & 4.5); Sanchia Yonge, GM Customer Solutions Group (item 2.1-
2.3, 4.3 & 4.6); Rachel Baxter, GM People and Kōrako (item 2.1-2.3 & 4.8); Richard Kay, Chief Digital 
1982
Officer (item 2.1-2.3); Tim Green, GM Strategy, Performance & Partners (item 2.1-2.3, 4.2 & 4.7); Daniel 
Taylor, Head of Manufacturing (item 2.1-2.3); Karlene Davis, NZ Inc Advisor (Item 2.3); Andrew White, 
Regional Director Greater China (item 4.1); Jodana Samuel, Strategic Communications Advisor (Item 4.2); 
Michael Murphy, Head of Technology and Services (Item 4.2); Richard Cotman, Partner Tech and Services 
Act 
(Item 4.3); Justin Foster, Financial Controller (Item 4.4 & 4.7); Emma Matson, General Legal Counsel (Item 
4.4); Richard Ng, Property and New Zealand Facilities Manager (Item 4.5); Mohit Misquitta, IGF Director 
(item 4.6); Casey Cook, Chief Financial Officer (item 4.7); Jason Hare, Director Safety & Wellbeing (item 
4.8); Melanie Blake-Palmer, Board Governance Manager; Jamee Taylor, Board Governance Advisor. 
1
INTRODUCTION 
1.1
Opening Karakia
1.2
Apologies
Apologies were received from s9(2)(a)
 Wayne Norrie left the meeting at 3.45pm, 
and Carl Carrington and Traci Houpapa left the meeting at approximately 4.00pm.
Information 
1.3
Declared Interests
The Chair advised of one interest to be removed from the register.
The Board noted the declared interests register. 
1.4
Minutes of previous meeting – 13 April 2022
Official 
The Board approved the minutes of 13 April 2022.
1.5
Actions Register
The Board noted the actions register for June 2022.
the 
1.6
2022 Board Programme
The Board noted the Board Programme for 2022.
2
KEY REPORTS
2.1
Chief Executive’s Report 
under 
The CE referred to the performance dashboard and noted that:
∑ s9(2)(g)(i)
 
The CE reflected on the difficult environment for exporters, with headwinds due to high inflation, ongoing 
Released 
supply chain issues and talent shortages. A new government economic framework has been launched 
(high wage, low emissions) and NZTE’s efforts are aligned with this. The Board and management 
discussed the range of challenges affecting different sectors and the impact these are having on 
customers’ resilience over time. 
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Board Minutes 15 June 2022 - Board Minutes 15 June 2022
NZTE has now completed the first full year of its transformation programme Kōrako. The Lead Team has 
been reviewing and resetting the programme, simplifying the model by integrating Smarter Working and 
Reach across the other strands. Strengthened project management methodology is being put into place, 
and the simplified Kōrako model will be communicated to the One Global Team in coming weeks. Key 
points discussed by the Board and management were:
∑ s9(2)(g)(i)
 
 
 
 
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s9(2)(g)(i)
 
Act 
The Board 
i.
noted the Chief Executive’s Report for June 2022
ii.
noted the ONE Team Dashboard for May 2022.
2.2
Ministry Advisor’ Updates
Ministry of Foreign Affairs and Trade 
Ben King joined the meeting to update the Board on relevant issues from MFAT’s perspective, including 
geopolitical issues, upcoming trade missions, supply chain disruption, and progress on trade 
negotiations.
Ministry of Business, Innovation and Employment 
Information 
Carolyn Tremain joined the meeting to update the Board on relevant issues from MBIE’s perspective, 
including border settings, visa processing, and Industry Transformation Plans.
s9(2)(f)(iv)
Official 
the 
s9(2)(g)(i)
 
3
STRATEGY
3.1
Freewheeling discussion
The Board’s discussion returned to the CE’s report, with the CE seeking feedback on its format and 
under 
content. The Board’s feedback included:
∑ The length of the report is at the maximum preferred.
∑ Items such as Finance and Safety & Wellbeing that are reported in separate papers do not need 
to be included in detail in the CE report.
∑ The primary purpose of the report is for the Board to hear the CE’s thoughts and perspective. 
∑ An insight into cybersecurity was requested, including key metrics about cyber attacks, time taken 
to patch, etc. This will be included as an appendix in the next CE report (Action Register).
s9(2)(g)(i)
Released 
NZTE BOARD MINUTES 15 June 2022
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3.2
s9(2)(g)(i)
s9(2)(g)(i)1982
Act 
Information 
The Board:
i.
noted the contents of the paper; and
ii.
discussed the dilemmas posed in the paper.
Official 
4
OPERATIONS
4.1
International 
the 
s6(a)
 
∑ s6(a)
 
∑ s6(a)
 
∑ Customers are still unable to get to the market and travel restrictions are unlikely to shift before
under 
early next calendar year.
∑ New Zealand brand perception at the consumer level is still strong for F&B. New Zealand is well 
recognised, tried and trusted.
∑ There is growing customer interest in sustainability, but not yet at a level that makes consumers 
willing to pay a premium for sustainably produced goods.
The Board expressed thanks to the s6(a)
team for their work in difficult circumstances, and 
appreciation for s6(a)
leadership of the team.
The Board noted the contents of the paper.
Released 
NZTE BOARD MINUTES 15 June 2022
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4.2
Statement of Performance Expectations & Statement of Intent
The Board provided feedback and made minor changes to the Statement of Intent and Statement of 
Performance Expectations. These included correction of grammatical errors, and minor amendments to 
language and images.
Subject to these changes being made in the final print versions, the Board approved both documents. 
The Board Chair and Audit & Risk Committee Chair gave permission for their digital signatures to be 
used in the published documents.
The Board thanked management for their work in ensuring the high quality of these documents.
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The Board:
i.
approved the attached 2022-26 Statement of Intent and 2022-23 Statement of Performance 
Expectations;
ii.
noted the final reports will be presented to the responsible Minister for tabling in the House of 
Act 
Representatives.
4.3
KiwiSaaS Community
The Board and management discussed the current state of the KiwiSaas Community. There has been 
good organic growth and it is close to target membership. It is supporting some good peer-to-peer 
learning. 
s9(2)(g)(i)
 
The Board is supportive of NZTE taking over responsibility for KiwiSaas from Callaghan Innovation for the
proposed three year period but recommended that there is a robust design process (involving key 
stakeholders) to develop a self-sustaining model for the long-term. 
The Board:
i.
noted that MBIE has requested that NZTE take over responsibility for the SaaS Community work 
Information 
programme (part of the Digital Industry Transformation Plan) for three years as of FY 2022-23
ii.
approved the transfer to NZTE of the work programme, budget s9(2)(f)(iv)
 and 
headcount (currently 4 FTE, including the Programme Lead) 
iii.
delegated to NZTE Lead Team the design and implementation of a migration process for the 
work programme in collaboration with MBIE and Callaghan Innovation
iv.
noted the potential risks identified for NZTE related to the transfer and how these will be 
managed.
Official 
s9(2)(b)(ii)
the 
4.5
s9(2)(b)(ii)
The Board:
i.
s9(2)(b)(ii)
 
 
under 
 
4.6
International Growth Fund (IGF)
The Director IGF gave a brief overview of the paper and noted:
∑ Training has now been delivered to Customer teams with very positive feedback.
∑ The drawdown period is being reviewed so that a company’s previous project can be fully 
evaluated before further projects are approved, and so that the overall demand for the fund can 
be managed effectively. If the drawdown period is changed there will be a transition period for 
Released 
projects already consented to proceed.
The Board agreed to changing the IGF term, subject to management completing its deliberations. 
NZTE BOARD MINUTES 15 June 2022
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Board Minutes 15 June 2022 - Board Minutes 15 June 2022
The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard;
ii.
noted progress made in allocating the FY22 appropriation;
iii.
noted progress on IGF Improvement Program, including changes to how we measure DEI;
iv.
agreed the consideration of changing the IGF term period from two years back to three years.
4.7
Finance 
The Board welcomed Justin Foster in his new role as CFO. Management gave an overview of the F23 
Budget, noting:
1982
∑ s9(2)(j)
 
 
 
Act   
The Board commented that it is good to see a well-thought out, balanced budget. s9(2)(f)(iv)
      
The Board and management discussed the potential impact on property costs as we adjust workspaces 
Information 
to hybrid ways of working. There will be some reduction of floor space in Wellington and Auckland, and 
this may also be looked at in other locations. s9(2)(g)(i)
 
The Board:
i.
noted the current financial performance report to 31 May 2022;
ii.
noted NZTE’s funding for 2021/22;
iii.
noted the transition of the Regional Business Partner programme to the Ministry of Business, 
Official 
Innovation and Employment (MBIE) is on track to be completed by 30 June 2022;
iv.
approved s9(2)(f)(iv)
 
the 
 
 
4.8
Safety & Wellbeing 
The Board and management discussed the removal of the COVID vaccination policy and the support in 
under 
place to manage anxiety around return to the physical workplace.
Management gave a brief update on the new safety and wellbeing digital platform, advising that this is 
working very well and there has been positive feedback.
The Board asked about safety and wellbeing management of the Expo pavilion demolition, and 
suggested that an NZTE representative visit the site (Action Register).
The Board noted the incidents and hazards reported for May 2022.
4.9
2023 Board Programme
The Board and management noted the following additions and changes to the proposed Board 
Released 
programme for 2022 and 2023:
∑ August 2022 – include a session on the philosophy and early thinking for the digital strategy.
∑ April 2023 – a summary of the digital strategy, in addition to the Export Customers theme.
NZTE BOARD MINUTES 15 June 2022
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Act 
Information 
Official 
the 
under 
Released 

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Board Minutes 13 April 2022 - Board Minutes 13 April 2022
Date: Wednesday 13 April 2022 8.15am – 4.30pm
Location: Wellington 
Attending: Jennifer Kerr (Chair); Mike O’Donnell (Deputy Chair); Wayne Norrie; Sarah 
Paterson; Carl Carrington; s9(2)(a)
); Peter Chrisp, 
Chief Executive; Jess Dorman, Business Advisor to CE (item 2.1-2.2); Clare Wilson, GM International 
(item 2.1-2.2, 3.2 & 4.1); Lisa Thompson, GM Export Customers (item 2.1-2.2 & 3.2); Sanchia Yonge, 
GM Customer Solutions Group (item 2.1-2.2, 3.2 & 4.2); Rachel Baxter, GM People and Kōrako (item 
2.1-2.2 & 4.4); Tim Green, GM Strategy, Performance & Partners (item 2.1-2.2 & 4.3); Benny Goodman, 
Regional Director East Asia (item 4.1); Mohit Misquitta, IGF Director (item 4.2); Casey Cook, Chief 
1982
Financial Officer (item 4.3); Jason Hare, Safety & Wellbeing Manager (item 4.4); Melanie Blake-Palmer, 
Board Governance Manager; Charon Mason, Operations Advisor. Ministry Advisors: Chris Seed, Chief 
Executive, MFAT (item 2.2); Carolyn Tremain, Chief Executive, MBIE (item 2.2).
Act 
1
INTRODUCTION 
1.1
Opening Karakia
1.2
Introductions
1.3
Apologies
Apologies were received from Traci Houpapa.
1.4
Declared Interests
The Board noted the declared interests register. 
1.5
Minutes of previous meeting – 17 February 2022
Information 
The Board approved the minutes of 17 February 2022
1.6
Actions Register
See actions register. Items 540 can be closed. 
Item 537 remains open. Jennifer Kerr and Traci Houpapa are currently arranging with Te Pora 
Māori to attend part of the rescheduled hui on 3 May.
The Board noted the actions register for April 2022.
Official 
2
KEY REPORTS
2.1
Chief Executive’s Report 
the 
The CE referred to the performance dashboard and noted that:
∑ Export deals are currently below target but tend to trend upwards towards the end of the 
financial year as companies’ financial results are reported.
∑ International Growth Outcomes are above target YTD and the full year target is expected to 
be met.
∑ Investment pDEI and Investment pDEI ratio are both strong.
under 
∑ NPS scores are very strong across the organisation.
∑ s9(2)(g)(i)
 
 
 
 
 
 
 
Released 
The CE noted that Expo 2020 has now closed, and final close-out reporting is being prepared. The
early headline numbers are:
∑ 24m people came through Expo in total against a pre-COVID target of 25m.
∑ There were 1.24m visitors to the New Zealand pavilion. 
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Board Minutes 13 April 2022 - Board Minutes 13 April 2022
∑ s9(2)(g)(i)
 
The Board commented on the great work done by the team to land Expo and agreed that the Chair 
would send a letter of acknowledgement to Clayton Kimpton, Commissioner General. The Board 
requested a summary for the Culture & People Committee on the safety and wellbeing risks 
associated with the dismantling of the New Zealand pavilion at Expo, and some key messages 
about Expo outcomes that Board members can share with their networks.
s9(2)(g)(i)
1982
 
 
s9(2)(g)(i), s9(2)(f)(iv)
  Act 
 
 
The Board and management discussed the purpose of the Industry Transformation Plans (ITPs) 
and how these are being developed. NZTE is an active supporter of some of the key ITPs where 
there is opportunity to coordinate and consolidate agency and private sector activity around 
particular sectors for the good of New Zealand.
s9(2)(g)(i)
 
 
Information 
The Board noted the transfer of Investor Migrant attraction and aftercare from MBIE to NZTE with 
this being a positive outcome s9(2)(g)(i)
 
 
The Board 
i.
noted the Chief Executive’s Report for April 2022
ii.
noted the ONE Team Dashboard for March 2022.
Official 
2.2
Ministry Advisor’ Updates
Ministry of Foreign Affairs and Trade 
the 
Chris Seed joined the meeting to update the Board on relevant issues from MFAT’s perspective, 
including geopolitical issues, upcoming trade missions and progress on trade negotiations.
Ministry of Business, Innovation and Employment 
Carolyn Tremain joined the meeting to update the Board on relevant issues from MBIE’s
perspective, including border settings, immigration rebalance, economic strategy, s9(2)(g)(), s9(2)(f)( 
under 
3
STRATEGY
3.1
Board Reflections
The Board took the paper as read and commented on the value in having outgoing Board members 
share their observations and advice with incoming Board members.
The Board discussed and agreed ‘rules of engagement’ with the wider NZTE team:
∑ Direct engagement between Board members and the One Global Team is welcome, with an 
understanding that all share the same cause.
∑ If problems are raised by the team to Board members, these should be directed to the right 
Released 
person for resolution.
∑ Board members are welcome to visit regional offices (both in New Zealand and 
internationally).
NZTE BOARD MINUTES 13 April 2022
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Board Minutes 13 April 2022 - Board Minutes 13 April 2022
The Board commented on the feedback they heard from the Lead Team during their introductory 
meeting the previous day:
∑ Lead Team is keen to harness the Board more strategically.
∑ Engagement outside of formal Board meetings is welcome.
∑ Board papers are too long.
The Board commented on the Lead Team’s openness in engaging with the Board and their 
willingness to be challenged in their thinking.
The Board agreed that a ‘free-wheeling’ session immediately after hearing from the Ministry 
Advisors would provide a valuable opportunity to discuss emerging issues. This will be incorporated 
1982
in the next meeting agenda. 
The Board discussed the contents of the paper.
3.2
Theme: Export Customers 
Act 
Management provided a brief summary of key points and the paper was taken as read. 
The Board asked what management’s approach is to the digital challenge, and the role of the 
‘Reach Squad’. Management reported that, following discussion at the last Board meeting, a semi-
independent innovation squad was formed and resourced. Since then, the Lead Team have 
decided that ‘trimming the ship’ in terms of the breadth of the strategy will be a more effective 
accelerator and enable greater focus – this largely addresses the first two dilemmas set out in the 
paper. Management described this as a pause on transformation to focus on implementation. 
The Board asked whether there were opportunities to improve change management and make the 
changes lighter. Management commented that the methodology is there, but there are also pinch
points in terms of enablement. Trimming the breath of the strategy, and removing some of the pinch 
points (e.g. process and hygiene issues) will create more space for people to step up to the 
Information 
transformative change.
The Board and management discussed the critical elements for digital transformation; plumbing, 
people and processes. Management is undertaking a formal data evaluation at the moment. 
s9(2)(g)(i)
 
 
∑ s9(2)(g)(i)
Official 
the 
s9(2)(g)(i)
 
 
under 
The Board:
i.
noted the contents of the paper.
ii.
Discussed the three questions posed in the paper.
4
OPERATIONS
4.3
Finance Report
s9(2)(g)(i)
   
Released 
 
 
NZTE BOARD MINUTES 13 April 2022
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Board Minutes 13 April 2022 - Board Minutes 13 April 2022
s9(2)(g)(i)
 
The Board:
i.
noted the current financial performance report to 31 March 2022.
ii.
noted NZTE’s funding for 2021/22.
iii.
noted the update on the transition of the Regional Business Partner programme to the 
Ministry of Business, Innovation and Employment (MBIE).
1982
4.5
Statement of Performance Expectations & Statement of Intent
Management gave an overview of the SPE and SoI process from drafting through to tabling in the 
House. The Board was invited to give feedback on the overall narrative and performance measures
Act 
set out in the draft documents.
The Board’s feedback included:
∑ s9(2)(g)(i)
 
  
 
 
Information 
.
The Board:
i.
endorsed the draft 2022/23 Statement of Performance Expectations, including the updated 
performance framework and the 2022/23 performance measures and targets.
ii.
noted the final 2022/23 Statement of Performance Expectations will be presented at the 
Board meeting in June 2022.
iii.
endorsed the attached draft 2022/26 Statement of Intent, including the updated 
Official 
performance framework.
iv.
noted the final 2022/26 Statement of Intent will be presented at the Board meeting in June 
2022.
4.1
International: Insights from East Asia Region
the 
s9(2)(g)(i)
 
 
under 
 
 
 
 
 
 
The Board noted the content of the slides.
Released 
NZTE BOARD MINUTES 13 April 2022
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4.2.
IGF Operational Report – March 2022
The Director IGF gave a brief overview of the paper, highlighting three key points:
∑ The changes made at the end of last year to manage demand have been effective. There is 
now a strong pipeline through to the end of the financial year.
∑ The IGF improvement programme is focused on important changes for both systems and 
processes, and also on improved customer experience.
∑ There is ongoing work to improve how outcomes are measured for projects funded.
The Board and management discussed how to clearly signal and manage customers’ expectations 
around the fund. 
1982
The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard.  
ii.
noted the progress made in allocating the FY22 appropriation.  
Act 
4.4
Safety & Wellbeing Report
The Board and management discussed withdrawing the COVID vaccination policy as mandates are 
rolled back in other sectors. The Board agreed that management can make this decision when 
ready, without seeking further Board approval.
The Board requested that a trend line be added to the graph on the Safety and Wellbeing 
dashboard to show the 12-month rolling average for Total Recordable Incident Frequency Rating 
(TRIFR). 
The Board noted the incidents and hazards reported for January 2022.
5
COMMITTEE AND BOARD UPDATES
5.1 
Ministry Advisors Update
Information 
Audit & Risk Committee
The Board Chair gave a verbal update on the 18 March meeting, which included discussion about:
∑ An update from Audit NZ.
∑ Review of the Chair and CE’s expenses.
∑ The transfer of the Investor Migrant attraction and aftercare function from MBIE.
The Board noted the draft minutes from the 18 March 2022 meeting.
Official 
5.2
Culture & People Committee
The Chair of the Committee gave a verbal update on the 18 March meeting, which included 
discussion about:
the 
∑ An update on Diversity & Inclusion initiatives.
∑ Early thinking about the remuneration review.
The Board noted the draft minutes from the 18 March 2022 meeting.
5.3
Committee Appointments and Nominations 
The Board:
under 
i.
noted the appointment of Mike O’Donnell as Chair of the Culture & People Committee.
ii.
approved the appointment of Carl Carrington and Wayne Norrie as members of the Culture 
& People Committee.
iii.
noted the appointment of Traci Houpapa as Chair of the Audit & Risk Committee. 
iv.
approved the appointment of Sarah Paterson and Carl Carrington as members of the Audit 
& Risk Committee.
v.
agreed that the Governance & Nominations Committee be held in abeyance until later in 
2022.
GENERAL BUSINESS
Released 
6
Any other business
There was no other business.
NZTE BOARD MINUTES 13 April 2022
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Board Minutes 13 April 2022 - Board Minutes 13 April 2022
6.1
NPS Completed
6.2
2022 Board Programme
The Board identified potential meeting dates for October and December. These will be confirmed by 
the Board Secretary once all Board members and relevant Lead Team members have been 
consulted by email.
The Board noted the 2022 Board Programme
6.3
Meeting review
1982
s9(2)(a)
Act 
17 Jun, 2022 12:04:39 PM GMT+12
Jennifer Kerr
Date
Chair
Information 
Official 
the 
under 
Released 
NZTE BOARD MINUTES 13 April 2022
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1982
Act 
Information 
Official 
the 
under 
Released 

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Board Minutes 17 February 2022 - Board Minutes 17 February 2022
∑ Export Deals is an area of performance pressure and the Lead Team are pushing hard to 
achieve the target.
∑ High Potential Exposure incidents have increased sharply as a result of Omicron in a 
number of regions, but particularly at Expo.
∑ myNZTE return rate is another area of performance pressure. This is a big challenge and 
we need to be really committed to our strategy. Given that we have opened up the site for 
general consumption, thus increasing significantly the number of companies who can use 
the site, the metric may not be the right one.
The CE described the broad priorities agreed at the Lead Team’s first meeting of the year. These 
1982
are:
1. Trade Recovery Strategy (v2) – connection to NZ Inc priority markets, support to address
supply chain disruption, support for NZ Inc efforts to improve supply of labour/talent.
Act 
2. Kōrako – scaling our impact. This is the ‘year of Reach’ with a focus on creating digital value 
for our customers, as well as delivering outcomes for Māori, and retaining our strong culture 
and leadership.
3. Brilliant basics – strong delivery of our core operating models to achieve our targets.
The CE sought the Board’s formal endorsement for NZTE’s nomination of Jason Hare for 
Government H&S Representative of the Year, and this was unanimously agreed by the Board.
The Board asked about the background and progress on s9(2)(f)(iv), s9(2)(g)(i)
 
 
 
 
 
Information 
The Board asked what the impacts for NZTE’s teams will be as borders relax and customers start to 
get back out into market. Management expects this to be a mixed bag – on the one hand there is 
certainly some pent up demand, but on the other there are customers who are still very cautious, or 
who are preoccupied with the challenge of Omicron in their domestic operations. Australia and 
North America are likely to see the most demand in the short term. 
s9(2)(g)(i)
 
Official 
 
 
 
 
the 
The Board 
i.
noted the Chief Executive’s Report for February 2022.
ii.
noted the ONE Team Dashboard for January 2022.
3
STRATEGY
under 
3.1
Theme: Kōrako
s9(2)(g)(i)
Released 
NZTE BOARD MINUTES 17 February 2022
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s9(2)(g)(i) 1982
Act 
Information 
The Board: 
i.
noted the contents of the paper.  
ii.
discussed the three questions posed in the paper. 
3.2
Board Transition
Official 
The CE introduced the discussion, observing that many of the insights in the paper will seem 
obvious to the current Board, but there is value in making the implicit, explicit. This will help inform 
the induction experience for incoming Board members.
The Board reaffirmed the comments already provided for the paper and suggested some additional 
the 
points:
∑ A te Ao Māori perspective is also an area of strength for NZTE.
∑ The relationship between the Board and management is an area of strength. Management
is very open to feedback and there is a mindset of continuous improvement.
∑ An area of risk is potential disruption at senior management level.
under 
The Board and management discussed the key elements of the induction programme, and made 
the following additional points:
∑ Induction should include a good introduction to customers (through customer visits).
∑ The outgoing Board members are happy to support the induction of incoming Board 
members.
∑ Induction should demonstrate and highlight NZTE’s culture, which is critical to our strategy 
and success.
∑ Induction could also include introductions to key NZ Inc partners.
Management undertook to update the paper with the additional suggestions from this discussion, 
and provide it as a resource in the next meeting pack.
Released 
The Board discussed the contents of the paper.  
NZTE BOARD MINUTES 17 February 2022
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4
OPERATIONS
4.1
International Perspective: Australia Pacific Region (AUSPAC)
Glen Murphy, Regional Director AUSPAC joined the meeting to share his perspectives on the 
region. He noted that Australia and the Pacific are very important markets for New Zealand, but are 
two very different regions. The discussion focused on:
∑ The current mood of the economy in Australia, and the increase in business activity as the 
1982
Omicron peak begins to wane.
∑ The critical need for businesses to focus on ESG if they want to trade successfully in the 
Australian market. Sustainability or social good credentials have very quickly moved from 
‘nice to have’ to an essential part of product storytelling.
Act 
∑ The positive impact of the new sector organisation of customer teams – this is supporting 
more structured and meaningful engagement between New Zealand and International 
teams.
∑ Engagement with indigenous businesses and networks in Australia – at an early stage but 
an area of focus and development.
∑ The Australian market as an entry point for New Zealand exporters – it’s sophisticated and 
competitive, but done strategically and well it provides the scale and experience for 
exporters to take into other markets.
∑ The large growth of the AUSPAC team and the associated effect on ways of working and 
team culture.
The Board thanked Glen for his insights. 
Information 
The Board noted the contents of the slides.
4.2.
IGF Operational Report – February 2022
The Board and management discussed the measures introduced in December to manage the 
demand pipeline. These are to be reviewed by management in March.
The Board asked about feedback from customers on the new automated services. Management 
advised that although Springboard claims have only recently gone live on myNZTE, this is 
Official 
improving efficiency for both NZTE and customers.
The Board asked about the possibility of multi-year appropriation for IGF and management advised 
that the process for deciding this is still underway with MBIE and Treasury.
the 
The Board asked about the management of demand for FY23. Management advised that a project 
will be getting underway in March to assess and triage claims to improve the quality of the pipeline 
for the new financial year. 
The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard.  
under 
ii.
noted the progress made in allocating the FY22 appropriation.  
iii. noted current pipeline and demand forecast.
4.3
Finance Report
The Board noted the positive Audit NZ report and the good progress made in improving the control 
environment. 
The Board asked about processing of RBP payments and management advised work is currently 
underway to transfer this to MBIE by the end of the financial year at latest, and earlier if possible. 
The Board:
i.
noted the current financial performance report to 31 January 2022.
Released 
ii.
noted NZTE’s funding for 2021/22.
iii.
noted the update on the transition of the Regional Business Partner programme to the 
Ministry of Business, Innovation and Employment (MBIE).
NZTE BOARD MINUTES 17 February 2022
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iv.
noted the final audit rating for the year ended 30 June 2021.
4.4
Safety & Wellbeing Report
The Board and management discussed the impacts and management of Omicron as cases begin to 
rise in New Zealand. NZTE’s current policy requires people to be vaccinated in order to enter NZTE 
offices, travel or attend events, but vaccination is not a condition of employment itself, except for 
new joiners. The Board noted that vaccination mandates are beginning to ease in other 
jurisdictions, and asked management stay abreast of the changing public perceptions of mandates 
as they continue to evolve the policy.
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The Board noted the incidents and hazards reported for January 2022.
4.5
2022-26 Statement of Intent outline, 2022/23 Estimates and Statement of 
Performance Expectations measures, and key dates for accountability documents
Act 
s9(2)(g)(i)
Information 
Official 
The Board:
i.
noted the listed accountability documents and key dates for the 2022 calendar year.
ii.
endorsed the 2022/26 Statement of Intent (SOI) outline as guidance for the draft that will be 
presented to the Board in April 2022.
the 
iii.
endorsed the performance measures, targets, and disclosures listed for inclusion in the 
2022/23 Statement of Performance Expectations.  
iv.
requested that a summary of the performance measures and targets (and associated 
explanatory notes) for the 2022/23 Estimates of Appropriation be circulated by email for 
endorsement.
under 
4.6
Freewheeling time
The Board identified key points to be raised in their discussion with the Ministers.
5
ENGAGEMENT 
5.1 
Ministry Advisors Update
Ministry of Foreign Affairs and Trade (MFAT)
Chris Seed joined the meeting briefly to give his acknowledgements and farewell to s9(2)(a)
 
. Vangelis Vitalis updated the Board on relevant issues from MFAT’s 
perspective, including trade negotiations.
Released 
Ministry of Business, Innovation and Employment (MBIE)
NZTE BOARD MINUTES 17 February 2022
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Paul Stocks updated the Board on relevant issues from MBIE’s perspective, including MIQ, 
management of the critical services register, and the s9(2)(f)(iv), s9(2)(g)(i)
5.2 
Discussion with Minister Nash and Minister O’Connor
Ministers Nash and O’Connor joined the meeting to thank Andrew and Charlotte for their service to 
the NZTE Board, and to share their priorities for the export sector.
6
GENERAL BUSINESS
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6.1
Any other business
The Board and management discussed Committee membership for the next round of Committee 
meetings in March. 
Act 
The Board:
i.
agreed to cancel the Governance & Nominations Committee scheduled for March.
ii.
approved Traci Houpapa as the Chair of the Audit & Risk Committee, and Wayne Norrie as 
a member of the Audit & Risk Committee for the March 2022 meeting only
iii.
approved Wayne Norrie as the Chair of the Culture & People Committee for the March 
2022 meeting only.
iv.
noted that permanent appointments to the Committee Chair and committee member roles 
would be made in due course once the new Chair and directors came on board. 
6.2
NPS Completed
6.3
Meeting review
Information 
s9(2)(a)
Official 
14 Apr, 2022 9:53:59 AM GMT+12
Jennifer Kerr
Date
Board Chair
the 
under 
Released 
NZTE BOARD MINUTES 17 February 2022
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Act 
Information 
Official 
the 
under 
Released 

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Board Minutes 14 December 2021 - Board Minutes 14 December 2021
customer insight to determine what products need to be built to deliver value to a much greater number of 
customers via digital channels, and to lift the return rate for myNZTE. 
The Board asked whether management had any insights about the slowdown in tech company growth. 
Management said this reflects several elements; first, that tech companies tend to be smaller (and smaller 
companies are more vulnerable generally), second, there is a shortage of talent, and third, the channels that 
tech companies sell in to are struggling. As COVID drags on, sales pipelines are being run down and not 
refilled.
The Board expressed support for the early thinking that has gone into the four-point plan for a reconnecting 
export customers and investors. This is still in design, but has taken the important first step of identifying the 
problem to be solved. 
1982
The Board 
i.
noted the Chief Executive’s Report for December 2021.
ii.
noted the ONE Team Dashboard for November 2021.
Act 
2.2
Ministry Advisors’ Updates 
Ministry of Foreign Affairs and Trade (MFAT)
Vangelis Vitalis updated the Board on relevant issues from MFAT’s perspective, including the Trade Recovery 
Strategy, APEC, Expo and trade negotiations.
Ministry of Business, Innovation and Employment (MBIE)
Carolyn Tremain updated the Board on relevant issues from MBIE’s perspective, including Industry 
Transformation Plans, immigration, and talent supply.
s9(2)(g)(i)
3
STRATEGY
Information 
3.1
Theme: Kaitiakitanga
The CE described kaitiakitanga as being about people of this generation caring for the environment on behalf 
of those who have gone before, thereby also caring for the future. NZTE uses this as a construct to contain its
strategy for care of people and place.
Care of People
GM People & Kōrako acknowledged the previous discussion about Kaitiakitanga at the recent Culture & 
Official 
People Committee meeting and thanked the Committee for their feedback on the draft paper.
Management commented that NZTE people are certainly feeling tired at the end of the year but are in good 
heart and the organisational culture is still really strong. This was in evidence at the recent Pounamu awards. 
the 
s9(2)(g)(i)
 
 
 s9(2)(g)(i)
 
∑
s9(2)(g)(i)
 
under 
∑
Focus on development and career paths. Things to consider:
o s9(2)(g)(i)
∑
Keep being flexible about hybrid working and keep experimenting and challenging ourselves. We are 
unlikely to land on a single model for hybrid working – there will be a range of models for different 
Released 
locations and cultures.
The Board endorsed the approach.
NZTE BOARD MINUTES 14 December 2021
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Care for Place
NZTE’s Sustainability Lead gave a brief overview of progress made over the past three years. This includes
work to understand the challenges and opportunities facing our customers, developing tools to support 
capacity building, and working on our own programme for carbon budgeting. The Board provided the following 
feedback around the three ‘care for place’ questions in the paper:
∑
The Board endorsed the Sustainability Strategy of:
o
Reducing our own internal emissions by reducing air travel
o
Focusing on providing practical tools and support for willing customers
∑
s9(2)(g)(i)
 
1982
 
 
 
  Act 
 
s9(2)(g)(i)
Information 
Official 
the 
under 
The Board: 
i.
noted the contents of the paper.  
ii.
discussed the seven questions posed in the paper. 
4
APPROVALS
4.1
s9(2)(g)(i)
 
s9(2)(g)(i)
Released 
 
NZTE BOARD MINUTES 14 December 2021
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s9(2)(g)(i)
5
OPERATIONS
5.1
International Perspective: North America Region
The Regional Director North America (NAM) joined the meeting to share her first-hand perspective on the
NAM market:
1982
∑
Supply chain challenges continue to be a major issue for customers, as does the labour dynamic in 
the US.
∑
Companies are needing bigger war chests to develop the market, including investment in ‘boots on 
Act 
the ground’.
∑
There is rapid acceleration of digital innovation, especially with some of the smaller companies. This 
is having the positive effect of improving data-driven decision making. 
∑
The NAM team welcomed the recent COVID vaccination policy and vaccination rates are very high. 
∑
s9(2)(g)(i)
 
 
∑
Induction of new team members has been a significant and deliberate focus, and this has paid 
dividends in terms of creating a really strong team culture.
∑
The NAM team now has a sector team structure overlaying its geographical team structure. This is 
creating good synergies and opportunities for customers and is also helping with scalability. 
Information 
Key questions from the Board included:
∑
What has the team observed from US companies in terms of their response to COVID?
∑
What would be the ideal team structure to support New Zealand customers getting into market, if the 
structure was redesigned from scratch?
∑
Are labour shortages in the US beginning to ease?
∑
What has changed in the last two years in terms of what employees expect and want?
Official 
∑
How does the NAM market perceive the New Zealand brand?
The Board thanked management for the insights shared, and commented this has been a very positive first 
session of regular engagement with international teams. The Board and management agreed that the slides 
the 
prepared for this session will be used as a template for future ‘International Perspective’ discussions.
The Board:
i.
noted the contents of the presentation.
ii.
discussed the questions in the presentation.
s9(2)(g)(i)
under 
Released 
NZTE BOARD MINUTES 14 December 2021
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The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard.  
ii.
noted the proposed timeline for testing new DEI approach. 
iii. noted the progress made in allocating the FY22 appropriation.
iv. noted current pipeline and demand forecast.
5.3
Finance Report
s9(2)(g)(i)
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Act 
The Board:
i.
noted the current financial performance report to 30 November 2021.
ii.
noted the allocation of prior year surplus in the October re-forecast.
5.4
Safety & Wellbeing Report
Management advised that the new COVID vaccination policy is now in effect in New Zealand, and will be 
operational in most other markets very soon. s9(2)(a)
 and 
all newly recruited people must be fully vaccinated. 
The Board thanked management for their stunning work to support safety and wellbeing throughout COVID, 
and also for Expo. 
The Board
Information 
i.
noted the incidents and hazards reported for November 2021
5.5
Freewheeling time
s9(2)(g)(i)
 
 
 
Official 
 
 
the 
The Board and management discussed the development of a comprehensive induction programme and 
agreed to workshop this further at the February meeting. Induction needs to be an ongoing process.
The Board commended the quality of the Te Pora Māori team – it is showing depth of talent and a very 
impressive capability. 
The Chair acknowledged and thanked the Board, CE and Board Team for all of their work in a really 
under 
challenging year. 
6
COMMITTEE & BOARD UPDATES
6.1
Audit and Risk Committee 
The Chair of the Committee gave a verbal update on the 1 December meeting, which included discussion 
about:
∑
Feedback following completion of the final audit.
∑
Cyber security assurance and governance.
The Board noted the minutes from the 1 December 2021 Committee Meeting.
Released 
NZTE BOARD MINUTES 14 December 2021
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Act 
Information 
Official 
the 
under 
Released 

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Board Minutes 13 October 2021 - Board Minutes 13 October 2021
New Zealand Trade and Enterprise Board 
Date: Wednesday 13 October 2021 8:00am – 3:00pm
Location: Zoom
Attending: Andrew Ferrier (Chair); Jennifer Kerr; Charlotte Walshe; Wayne Norrie
Peter Chrisp, Chief Executive; s9(2)(a)
Dylan Lawrence, GM 
Investment (item 2.1-2.2 & 3.2); Tim Green, GM Strategy, Performance & Partners (item 2.1-2.2, 3.1 & 4.2); Jess 
Dorman, Business Advisor to CE (item 2.1-2.2); Rachel Baxter, GM People and Kōrako (item 2.1-2.2 & 4.3); Richard 
Kay, Chief Digital Officer (item 2.1-2.2 & 3.2); Clare Wilson, GM International (item 2.1–2.2 & 3.1); Lisa Thompson,
GM Export Customers (items 2.1-2.2, 3.2, 5.1); Graham Rouse, Acting GM Customer Solutions (items 2.1-2.2); Anne 
Collins, Director Operations International (item 3.1); Dale Stephens, Director Māori Partnership (item 3.2); Jeremy  1982
Gardiner, Head of Māori Export Customers (item 3.2); Rangi Ririnui, Investment Director Māori (item 3.2); Theresa 
Rongonui, Director Learning and Organisation Development (item 3.2); Mohit Misquitta, IGF Director (item 5.1);
Mistelle Jack, Chief Financial Officer (item 5.2); Jason Hare, Safety & Wellbeing Manager (item 5.3); Melanie Blake-
Palmer, Board Governance Manager; Charlie Partridge, Board Governance Advisor
Act 
Ministry Advisors: Chris Seed, Chief Executive MFAT (item 2.2); Michael Bird, GM Entity Performance & 
Investment, MBIE (item 2.2)
Apologies: Traci Houpapa
1
INTRODUCTION 
1.1
Apologies
Apologies were received from Traci Houpapa.
1.2
Declared Interests
Information 
The Board noted the declared interests register.
1.3
Minutes of previous meeting – 11 August 2021
The Board approved the minutes of 11 August 2021.
1.4
Actions Register
See actions register. Items 494, 521, 522 can be closed.
Official 
The Board noted the actions register for September 2021.
1.5
Board Programme
the 
The Board noted the 2021/2022 Board Programme
2
KEY REPORTS
2.1
Chief Executive’s Report 
under 
The CE referred to the performance dashboard and made some comments on the year to date results: 
∑
Export deals and IGOs are on track for this time of year. The pipeline for deals is not huge. 
∑
There has been strong engagement with the export community. NPS results are strong, and this is
underlined by fantastic feedback from customers.
∑
Investment activity is very pumped up.
∑
The number of customers with a target market is being watched closely, and that metric is slowly 
creeping up. s9(2)(b)(ii)
. 
∑ s9(2)(g)(i)
 
Released 
∑ s9(2)(g)(i)
∑ s9(2)(g)(i)
 
 
∑
There has been a big fall in emissions due to travel restrictions. This will increase again when travel 
resumes but there is room to bring forward the target end date.
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Board Minutes 13 October 2021 - Board Minutes 13 October 2021
The Board congratulated management on their performance, highlighting the strong improvements in 
Customer Solutions, successful delivery of Expo 2020, the Diversity Works Leadership Award, and the very 
positive sentiment for NZTE from the Mood of the Boardroom survey. 
The Board asked if there were any early insights from the sector approach to customer team organisation. 
Management commented that benefits are starting to be seen already, such as improved sharing of 
knowledge and insights, efficiency gains, and increased engagement with industry partners. 
The CE noted that most activity is still completely dominated by COVID. Expectations from customers are 
increasing now that the world is beginning to open up, and opportunities for New Zealand exporters are being 
lost because of supply side constraints. The Board and management discussed the three significant issues 
1982
affecting exporters (MIQ, supply chain and talent acquisition) and potential responses to these during this 
next phase of reconnection with the world.
The Board:
Act 
i.
noted the Chief Executive’s Report for September 2021.
ii.
noted the ONE Team Dashboard for September 2021.
2.2
Ministry Advisors’ Updates 
Ministry of Foreign Affairs and Trade (MFAT)
Chris Seed updated the Board on relevant issues from MFAT’s perspective, including Ministerial travel and 
trade negotiations.
Ministry of Business, Innovation and Employment (MBIE) (Michael Bird)
Michael Bird updated the Board on relevant issues from MBIE’s perspective, including demands on MIQ, 
immigration and border settings, and a s9(2)(g)(i)
 
Information 
3
STRATEGY
3.1
Highlight: International
The GM International gave a general overview of the international ecosystem, noting the challenges and 
dilemmas being seen globally. Board and management discussion focused on the following key points:
∑
Wellbeing and engagement with the physical workplace – important that this demonstrates empathy 
Official 
and is leader-led, but with intentional guidance about what autonomy looks like. 
∑
International footprint – look for agile solutions and new ways of working (including digital) that will
make collaboration richer, more productive and more cost efficient. Think about the productivity 
improvements that could be made, as well as the footprint.
the 
∑
Service – consistency of service is important, but this could be tailored for specific areas as long we 
are clear and specific with customers. Look for opportunities to dial up/dial down services in particular 
parts of the world. 
The Board and management discussed the value of having a clear direction of travel, without necessarily 
having to make all the big decisions in one go. 
under 
The Board thanked the GM International for a great, thought-provoking paper and discussion.
The Board:
i.
noted the contents of the paper.
ii.
discussed the two questions posed in the paper.
3.2
Theme: Mātau
The Board agreed to split discussion of this paper across two Board meetings – s9(2)(g)(i)
 
Released 
The GM Investment introduced the Te Pora Māori leadership team to the Board. The Board and management 
discussed the profile of the Māori customer portfolio and the performance dashboard:
∑
s9(2)(g)(i)
 
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Board Minutes 13 October 2021 - Board Minutes 13 October 2021
s9(2)(g)(i)
∑
s9(2)(g)(i)
 
 
 
 
 
 
 
1982
 
 
s9(2)(g)(i)
 
 
Act 
The Board: 
i.
noted the performance and changes made (with Mātau) as part of our Kōrako organisational strategy.
ii.
discussed and provided reflection and feedback on the questions in the paper.
4
APPROVALS
4.1
Annual Report 
The Board and management discussed the draft narrative section of the Annual Report, noting that the global 
context is continually moving so further changes to the text are likely to be needed before the report is 
finalised.
Information 
The Board commented that the current draft is well written and informative, and the narrative is clear. Specific 
feedback included:
∑
s9(2)(g)(i)
 
 
The Board:
Official 
i.
discussed and provided feedback on the draft Annual Report 2020/21.
ii.
noted the Audit and Risk Committee will approve and review the final Annual Report 2020/21, as 
delegated by the Board on 11 August 2021.
the 
5
OPERATIONS
5.1
International Growth Fund (IGF)
s9(2)(g)(i)
 
 
under 
 
 
 
 
 
The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard.
ii.
noted explanation on use of adjusted DEI for aggregate results.
Released 
iii. noted progress made in allocating the FY22 appropriation.
iv. noted the recommended measures to manage pipeline and demand.
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5.2
Finance Report
The CFO gave a verbal update on the financial position to the end of September. s9(2)(g)(i)
 
 
 
The Board asked whether sufficient provision had been made for the potential increase in travel costs once 
travel restrictions are lifted. Management advised that increased travel has been factored in, but it was not 
intended that there be a return to pre-COVID levels of travel due to emission targets and better ways of 
1982
working. 
The Board:
i.
noted the current financial performance report to 31 August 2021.
Act 
5.3
Safety & Wellbeing Report
GM People and Kōrako gave an update on COVID vaccination recording, noting that this is complicated due 
to the need to consider employment and privacy law across 40 different jurisdictions. A voluntary vaccination 
register will be set up in New Zealand next week. Offshore there is a reasonable understanding of vaccination 
numbers in most offices.
s9(2)(g)(i)
 
 
 
Management advised that a risk assessment for roles is currently underway and this will inform the COVID 
Information 
vaccination policy. The Board commented that there is also a need to have a policy for visitors, and 
management advised that this was under consideration. 
The Board
i.
noted the incidents and hazards reported for August 2021.
5.4
Freewheeling time
Official 
The allocated time for this agenda item was used for the discussion with Chris Seed.
6
COMMITTEE & BOARD UPDATES
6.1
Audit & Risk Committee
the 
The Chair of the Committee gave a verbal update on the 21 May and 19 August meetings, which included 
discussion about:
∑
Interim audit feedback – this was positive and aligned with internal audits.
∑
Resourcing for the Business Assurance programme.
∑
Good innovation to improve business processes and involve Business Assurance upfront in project 
under 
planning.
The Board:
i.
noted the minutes from the 21 May 2021 committee meeting.
ii.
noted the draft minutes from 19 August 2021 committee meeting.
6.2
Culture & People Committee
The Chair of the Committee gave a verbal update on the 21 May and 19 August meetings, which included 
discussion about:
∑
The impacts of COVID on safety and wellbeing.
Released 
∑
Diversity & Inclusion – good momentum in this area with a full-time lead in place.
∑
The Pulse Survey – shifting the dial from very good to best in class.
∑
‘Safe to Speak Up’ programme implementation.
NZTE BOARD MINUTES 13 October 2021
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Act 
Information 
Official 
the 
under 
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Board Minutes 11 August 2021 - Board Minutes 11 August 2021
New Zealand Trade and Enterprise Board 
Date: Wednesday 11 August 2021, 8:00am - 2.00pm (EDT: Tuesday 10 August 2021, 4.00pm – 10.00 pm)
Location: Zoom
Attending: Andrew Ferrier (Chair); Traci Houpapa; Jennifer Kerr; Charlotte Walshe; Wayne Norrie; s9(2)(a)  
Peter Chrisp, Chief Executive; Dylan Lawrence, GM Investment (item 2.1-2.2 & 3.1); Tim Green, GM Strategy, 
Performance & Partners (item 2.1-2.2, 4.1-4.2); Sanchia Yonge, GM Customer Solutions (item 2.1-2.2 & 5.1); Rachel 
Baxter, GM People and Kōrako (item 2.1-2.2 & 5.3); Richard Kay, Chief Digital Officer (item 2.1-2.2); Lisa Thompson, 
1982
GM Export Customers (item 2.1-2.2); Jess Dorman, Business Advisor to CE (item 2.1-2.2); Mohit Misquitta, IGF 
Director (item 5.1); Mistelle Jack, Chief Financial Officer (item 5.2); Jason Hare, Safety & Wellbeing Manager (item 5.3); 
Melanie Blake-Palmer, Board Governance Manager; Charlie Partridge, Board Governance Advisor.
Act 
Ministry Advisors: Chris Seed, Chief Executive MFAT (item 2.2); Paul Stocks, Deputy Chief Executive MBIE (item 2.2)
1
INTRODUCTION 
1.1
Apologies
There were no apologies.
The Chair welcomed s9(2)(a) to the meeting and invited her to participate as a member of the Board. 
s9(2)(g)(i)Information 
1.3
Minutes of previous meeting – 17 June 2021
The Board requested one minor amendment to item 2.2 of the previous minutes, to reflect that the finalised 
Official 
approach to the remuneration adjustment for 2021/22 was in line with Public Service Pay Guidance.
The Board approved the minutes of 17 June 2021.
1.4
Actions Register
the 
See actions register. Items 397, 437, 507, 511, 517, 518, 519 & 520 can be closed.
The Board noted the actions register for August 2021
1.5
Board Programme
under 
The Programme has been amended with new dates for the October and December Board meetings, as 
agreed by email since the last meeting. 
The Board noted the 2021/2022 Board Programme
2
KEY REPORTS
2.1
Chief Executive’s Report 
The CE referred to the performance dashboard and gave an overview of the full year 2021/21 performance 
story: 
Released 
∑
Export deals are at pre-COVID levels, although this metric is a lag indicator and reflects deals that 
were in the pipeline prior to COVID.
∑
IGO performance was very strong - the best it has ever been.
∑
NPS numbers are very strong for both new and existing Focus customers, reflecting the huge amount 
of engagement with customers and the appreciation from customers for the support provided 
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Board Minutes 11 August 2021 - Board Minutes 11 August 2021
throughout the COVID period. 
∑
Customer sign-ups to myNZTE are good but below target. This has been more challenging than 
expected and will continue to be a big focus in the current year. 
∑ s9(2)(g)(i)
 
 
 
1982
The Board congratulated management on outstanding results. The Board and management discussed the 
future outlook and noted that it is difficult to predict given the ongoing uncertainty around COVID and 
increasing likelihood that COVID will be a long-term disruption. Supply chain, travel and logistics, and labour 
Act 
supply are increasing concerns for customers.
s9(2)(g)(i)
 
 
The Board asked about the transition of the RBP to MBIE, and the CE gave a brief update confirming that the 
programme and personnel have been transferred but NZTE retains the digital platform and invoicing system.
The Board and management discussed the Expo leverage programme and the impact of border restrictions 
on New Zealand businesses’ willingness and ability to travel for Expo events.
The Board 
i.
noted the Chief Executive’s Report for August 2021.
Information 
ii.
noted the ONE Team Dashboard for July 2021.
2.2
Ministry Advisors’ Updates 
Ministry of Foreign Affairs and Trade (MFAT)
Chris Seed updated the Board on relevant issues from MFAT’s perspective, and provided insights from his 
recent travel to Singapore, Berlin, London, Los Angeles and Washington.
Official 
Ministry of Business, Innovation and Employment (MBIE)
Paul Stocks updated the Board on relevant issues from MBIE’s perspective, and noted the work now 
underway on Industry Transformation Plans. 
the 
3
STRATEGY
3.1
Theme: Investment 
The GM Investment gave a general overview of the investment ecosystem, noting volatility and uncertainty 
but also relentless optimism and a high level of activity. Board and management discussion focused on the 
under 
following key points:
1. Overall, we are on the right track, keep going. But just look closely at how much of our deal-flow is a 
lag effect of the previous environment versus what is reflective of our current environment.
2. ESG - while it seems for the most part New Zealand investors are engaging on their own account, it 
is interesting to note that the UK financial regulator is planning to extend climate reporting 
requirements for most UK listed companies. We need to watch what is happening over there and see 
if there is any best practice we can copy and apply here, or whether it has future implications.
3. s9(2)(g)(i)
 
Released 
 
 
NZTE BOARD MINUTES 11 August 2021
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Board Minutes 11 August 2021 - Board Minutes 11 August 2021
s9(2)(g)(i)
The Board thanked management for great work in the investment space. 
1982
The Board: 
i.
noted the update on the Investment team since our last inform in August 2020.
ii.
discussed and provided feedback on the questions on slide 17.
Act 
4
APPROVALS
4.1
Committee Terms of Reference review 
The Board:
i.
noted that the Terms of Reference for the Audit and Risk Committee, Culture and People Committee, 
and Governance and Nominations Committee are due for review
ii.
approved amendments to the Audit & Risk Committee Terms of Reference
iii. approved amendments to the Culture & People Committee Terms of Reference
iv. approved amendments to the Governance & Nominations Committee Terms of Reference
Information 
4.2
Delegated Authority for the 2020-2021 Annual Report 
The Board:
i.
delegated authority to the Audit and Risk Committee (ARC) to review and approve NZTE’s 2020/21 
Annual Report, including the Annual Financial Statements.
ii.
agreed that Andrew Ferrier (Board Chair) and Charlotte Walshe (ARC Chair) sign the 2020-21 
Official 
Annual Report, Financial Statements and the Board’s Letter of Representation, and give permission 
for the use of their e-signatures for this purpose.
iii. noted that the requirement for the Auditor-General to provide an audit report by 31 October has been 
the 
extended to 31 December this year and next. This will impact on Audit NZ’s timeframes for completing 
their audit of NZTE.
5
OPERATIONS
5.1
International Growth Fund (IGF)
under 
The IGF Director reported that the first Springboard approval under the IGF was made today. The IGF team is 
focused on clear monitoring and reporting of the IGF pipeline and recruitment is underway for an Operations 
Manager to assist with this. 
s9(2)(g)(i)
 
 s9(2)(g)(i)
 
 
The Board noted the improvements and additional insights added to the dashboard, and thanked
management for their work on this. 
The Board and management discussed the adjusted rDEI metric and how this result is normalised to remove 
outliers. The Board requested an unadjusted metric be added to the graph for comparison.
Released 
The Board:
NZTE BOARD MINUTES 11 August 2021
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i.
noted the IGF progress report as supported by the IGF Dashboard;
ii.
noted final results of FY21 and progress made in allocating the FY22 appropriation;
iii. noted progress made towards claims automation, Springboard launch and myNZTE customer 
experience.
5.2
Finance Report
The Board noted the full year financial result and congratulated management on landing so close to budget.
Management advised that the Audit plan has been revised by Audit NZ, with the Audit report now expected to 
1982
be signed on 29 November 2021.
The Board:
i.
noted the current financial performance report to 30 June 2021.
Act 
ii.
noted the Financial Statements for the period 1 July 2020 to 30 June 2021 subject to audit.
5.3
Safety & Wellbeing Report
Management gave an update on the COVID situation for our people in India and Brazil. s9(2)(g)(i)
 
 
 
Management advised that the safety and wellbeing focus for the year ahead will be restarting work on critical 
risks, taking a regional perspective. There will also continue to be a huge focus on wellbeing. 
The Board asked about the vaccination rate of staff. Management advised that vaccination status is only 
known for expats. The Board suggested that voluntary reporting of vaccination could be considered for the 
rest of our people.
Information 
The Board asked about preparedness for lockdown at short notice. Management advised that we are well 
positioned to cope with lockdown, and business continuity planning is being actively reviewed in light of 
statements made today by the Minister for COVID-19 Response.
s9(2)(g)(i)
 
 
The Board
Official 
i.
noted the incidents and hazards reported for June 2021.
5.4
Directors’ updates
the 
Jennifer Kerr provided some comments on issues discussed at the recent Crown Entities Chairs’ Forum.
5.5
Freewheeling time
The Board discussed international input into Board meetings. s9(2)(g)(i)
 
 
 
under 
s9(2)(g)(i)
 
 
 
 
s9(2)(g)(i)
 
 
6
GENERAL BUSINESS
Released 
6.1
Any other business
NZTE BOARD MINUTES 11 August 2021
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Act 
Information 
Official 
the 
under 
Released 

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Board Minutes 17 June 2021 - Board Minutes 17 June 2021
New Zealand Trade and Enterprise Board 
Date: Thursday 17 June 2021 – 8:15am – 4:30pm
Location: Hikurangi Room, NZTE Wellington
Attending: Andrew Ferrier (Chair); Charles Finny; Traci Houpapa (v); Jennifer Kerr (v); Charlotte Walshe; Wayne 
Norrie
Peter Chrisp, Chief Executive; s9(2)(a)
Jess Dorman, Business Advisor 
to CE (item 2.1-2.2); Peter Fenton, Head of Transformation (item 2.1-2.2, 3.2 & 5.2); Richard Kay, Chief Digital 
Officer (item 2.1-2.2); Clare Wilson, GM International (v) (item 2.1–2.2 & 3.1);Lisa Thompson, GM Export Customers1982
(item 2.1-2.2 & 3.1); Dan Taylor, Head of Focus and Coalition Customers (item 2.1-2.2 & 3.1); Sanchia Yonge, GM 
Customer Solutions (v) (item 2.1-2.2, 3.1 & 5.1); Tim Green, GM Strategy, People & Partners (item 2.1-2.2, 4.1 & 
5.2); Rachel Baxter, Transformation Lead (item 3.2); s9(2)(a)
 
s9(2)(a)
Mohit Misquitta, IGF Director (v) (item 5.1);
Act 
Mistelle Jack, Chief Financial Officer (item 5.2); Kylie Goodwin, Director People & Capability (v) (item 5.3); Jason Hare, 
Safety & Wellbeing Manager (item 5.3); Melanie Blake-Palmer, Board Governance Manager; Charlie Partridge, Board 
Governance Advisor
Ministry Advisors: Chris Seed, Chief Executive MFAT (item 2.1); Paul Stocks, Deputy Chief Executive, Labour, Science 
& Enterprise MFAT (item 2.1)
1
INTRODUCTION 
1.1
Apologies
There were no apologies.
The Chair acknowledged s9(2)(a)
 last meeting as Board observer and thanked s9(2)(a)for her 
Information 
valuable contribution to Board discussion.
1.2
Declared Interests
Jennifer Kerr has joined Panuku Development Auckland as a Director.
The Board noted the declared interests register.  Official 
1.3
Minutes of previous meeting – 14–15 April 2021
The Board approved the minutes of 14-15 April 2021.
the 
1.4
Actions Register
The Board noted the actions register for June 2021.
1.5
Board Programme
The Board discussed the proposed meeting dates for 2022 and requested three changes:
under 
∑
The February Board meeting to be brought forward by one week.
∑
The March GNC meeting to be brought forward by one week.
∑
Align the June Board meeting date with Fieldays (15-18 June 2022).
The Board discussed locations for Customer Tours and noted that they had not recently had Customer Tours 
in Palmerston North, Wellington or Whangarei. The Board and CE discussed Fieldays as a good opportunity 
to engage with a range of Focus customers given NZTE’s importance to the Fieldays ecosystem. 
The Board commented it would be good to have a balance of regional and metro Customer Tours. The Board 
agreed to hold Customer Tours in Wellington, Whangarei and at Fieldays in 2022. A South Island location will 
be prioritised for 2023.
Released 
The Board noted the proposed themes and focus topics for the Board’s programme in 2021/22 and agreed 
that alignment with Kōrako priorities was a sensible approach.
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Board Minutes 17 June 2021 - Board Minutes 17 June 2021
The Board 
i.
agreed Board and Committee meeting dates for 2022.
ii.
agreed themes and focus topics for the Board’s programme in 2021/22.
iii. agreed Board meeting locations for 2021/22.
iv. discussed opportunities to leverage the Board’s engagement with external stakeholders to 
support scaling for greater customer impact.
2
KEY REPORTS
1982
2.1
Ministry’s Advisors Updates
Ministry of Foreign Affairs and Trade (MFAT)
Chris Seed updated the Board on relevant issues from MFAT’s perspective.
Act 
Ministry of Business, Innovation and Employment (MBIE)
Paul Stocks updated the Board on relevant issues from MBIE’s perspective.
The Board and Management noted that s9(2)(g)(i)
 
 
 
 
2.2
Chief Executive’s Report 
Information 
The CE provided a recap of the performance dashboard noting that overall this is looking very good:
∑
Export deals are very close to the same period last year.
∑
IGOs and Investment are both looking very strong.
∑
Customer sign-ups to myNZTE are growing but probably won’t hit target by the end of the year.
∑
Employee engagement survey is out in the field this week.
s9(2)(g)(i)
 
Official 
 
 
the 
s9(2)(g)(i)
 
 
 There is significant activity underway to re-organise around sectors in New Zealand, and internationally 
there are more and more customers in the system, particularly in Australia and North America. COVID-19 
continues to have a big impact on our people internationally.
s9(2)(g)(i)
 
 
under 
 
 
The CE outlined the finalised approach to remuneration adjustment for 2021/22, noting that the Public Service 
Commission was consulted and the approach is in line with the Public Service Pay Guidance.
Released 
The Board 
i.
noted the Chief Executive’s Report for June 2021.
ii.
noted the ONE Team Dashboard for May 2021.
NZTE BOARD MINUTES 17 June 2021
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3
STRATEGY
3.1
Theme: Export Customers
s9(2)(g)(i) 1982
Act 
Information 
The Board: 
i.
noted the overview of NZTE’s Focus customer portfolio.
Official 
ii.
considered the questions and challenges posed on slide 20 of the slide pack.
3.2
Kōrako session follow-up the 
The Board welcomed Rachel Baxter in her new role of GM People and Kōrako, and thanked outgoing GM 
Transformation Peter Fenton.
The Board and management commented that the s9(2)(g)(i)
 
 
under 
The Board and management discussed s9(2)(g)(i)
 
 
 
The Board: 
i.
noted the Lead Team response to the Kōrako strategic risks from the earlier Board session.
ii.
considered referring this paper to the Audit and Risk Committee to be incorporated as part of the 
ARC review programme for F21-23.
s9(2)(g)(i)
Released 
NZTE BOARD MINUTES 17 June 2021
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s9(2)(g)(i) 1982
The Board:
Act 
i.
s9(2)(g)(i)
 
.
4
APPROVALS
4.1
Statement of Performance Expectations 2021/22
The Board:
i.
approved the final 2021/22 Statement of Performance Expectations (SPE).
ii.
noted the performance measures and targets in the 21/22 SPE were approved by the Board at 
the 14-15 April 2021 Board meeting.
iii. agreed that Andrew Ferrier and Charlotte Walshe sign the SPE on behalf of the Board and give 
Information 
permission for the use of their signatures for this purpose.
4.2
Rules for Board Members’ interests
The Board:
i.
approved the Rules for Board Member Interests.
ii.
noted the Committee terms of reference will be reviewed at the 11 August 2021 Board meeting.
5
OPERATIONS
Official 
5.1
International Growth Fund (IGF)
Management thanked the Board for their feedback on the IGF dashboard. The Board noted the great 
the 
performance results and asked management whether higher internal targets had been considered. 
s9(2)(g)(i)
 
 
s9(2)(g)(i)
 
. s9(2)(g)(i)
 
 
under 
.
The Board commented that it would be good to see the dashboard further refined so that the top line showed 
the indicators relating to performance first, with activity indicators second.
s9(2)(g)(i)
 
 
The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard.
Released 
ii.
noted progress made in allocating the FY21 appropriation.
iii. noted progress made in implementing the five-point transformation programme.
NZTE BOARD MINUTES 17 June 2021
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Act 
Information 
Official 
the 
under 
Released 

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Board Minutes 17 June 2021 - Board Minutes 17 June 2021
5.4
Freewheeling
The Board held a freewheeling discussion during the Board Review session.
6
COMMITTEE UPDATES
6.1
Audit & Risk Committee
The Chair of the Committee gave a verbal update on the 21 May 2021 meeting, which included discussion 
about:
1982
∑
The Business Assurance programme and progress with audits.
∑
s9(2)(g)(i)
.
∑ The quality of the Committee’s discussion and appropriate pacing of meeting agendas.
Act 
The Board noted the minutes from the 12 March 2021 Committee Meeting.
The Board noted the verbal update from the 21 May 2021 Committee Meeting.
s9(2)(g)(i)
Information 
6.2
Culture & People Committee
The Chair of the Committee gave a verbal update on the 21 May 2021 meeting, which included discussion 
about:
∑
Vaccine plans and vaccine hesitancy
∑
Diversity & inclusion strategy and the Pulse survey
Official 
∑
Difficult situations continuing to impact on our people offshore as a result of COVID-19.
s9(2)(g)(i)
 
 
the 
The Committee expressed confidence in management but noted that these continue to be very challenging 
times for many people.
The Board Chair advised that Wayne Norrie will join CPC from the next meeting, replacing Charles Finny.
The Board noted the minutes from the 12 March 2021 Committee Meeting.
The Board noted the verbal update from the 21 May 2021 Committee Meeting.
under 
6.3
Governance & Nominations Committee
The Board noted the Chair’s verbal update from the 5 May 2021 Committee Meeting.
7
GENERAL BUSINESS
7.1
Any other business
There was no other business to discuss.
7.2
Board Annual Self-Review
Released 
The Board discussed this paper in a closed session, and also had a freewheeling discussion.
The Board noted the results of the Board’s Annual Self-Review 2021
NZTE BOARD MINUTES 17 June 2021
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Act 
Information 
Official 
the 
under 
Released 

---

Board Minutes 14-15 April 2021 - Board Minutes 14-15 April 2021
New Zealand Trade and Enterprise Board 
Wednesday 14 – Thursday 15 April 2021
Portside Hotel (Wednesday) and Trust Tairāwhiti Boardroom (Thursday), Gisborne
Attending: Andrew Ferrier (Chair); Charles Finny; Traci Houpapa; Jennifer Kerr; Charlotte Walshe; Wayne Norrie
Peter Chrisp, Chief Executive s9(2)(a)
 Tim Green, GM Strategy, People 
& Partners; Jess Dorman, Business Advisor to CE (v) (item 2.1-2.2); Peter Fenton, Head of Transformation (v) (item 
5.1); Richard Kay, Chief Digital Officer (v) (item 2.1-2.2); Sanchia Yonge, GM Customer Solutions Group (v) (item 3.1); 
1982
s9(2)(a)
; Mohit Misquitta, Director International Growth Fund (v) 
(item 3.1); Mistelle Jack, Chief Financial Officer (v) (item 3.2); Kylie Goodwin, Director People & Capability (v) (item 
3.3); Jason Hare, Safety & Wellbeing Manager (v) (item 3.3); Rachel Baxter, Transformation Lead (item 5.1); Mark 
Act 
Langdon, Director Business Assurance (v) (item 5.1); Trent Fulcher, Director Strategy (v) (item 5.1 & 5.2); Andrew 
Holden, Director Communications (v) (item 5.2); Megan Hurnard, Director Customer Knowledge & Digital Channel (v) 
(5.3); Libby McFadden, Director Brand & Content (v) (item 5.3); Melanie Blake-Palmer, Board Governance Manager;
Charlie Partridge, Board Governance Advisor.
Ministry Advisors: Chris Seed, Chief Executive MFAT (v) (item 2.2); Catherine Graham, Divisional Manager Economic 
Division MFAT (v) (item 5.2); Paul Stocks, Deputy Chief Executive, Labour, Science & Enterprise, MBIE (v)
(item 2.2).
1
INTRODUCTION 
1.1
Apologies
Information 
There were no apologies.
The Board welcomed s9(2)(a)
to the meeting as a Board observer and invited her to be an active 
participant in the discussion.
1.2
Conflicts of Interest
The Board noted the declared interests register. Official 
1.3
Minutes of previous meeting – 10 February 2021
The Board approved the minutes of 10 February 2021.
the 
1.4
Actions Register
Items 473, 495, 496, 497, 498, 500, 501, 502, 503 can be closed.
The Board noted the actions register. 
1.5
2021 Board Programme
under 
The Board agreed to change the location of the 6-7 October Customer Tour from Queenstown to Tauranga.
The Board commented on the need to ensure there is a good spread and balance of visits across regions in 
both the North and South Islands, and asked that planning for the 12 months ahead be placed on the agenda 
for the 17 June Board meeting.
The Board noted the 2021 Board programme.
2
KEY REPORTS
Released 
Chief Executive’s Report
2.1
The Board discussed the performance dashboard and noted that NZTE is essentially on track to deliver the 
s9(2)(g)(i)
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Board Minutes 14-15 April 2021 - Board Minutes 14-15 April 2021
∑
s9(2)(g)(i)
 
The Board asked for a summary of the systemic medium-term effects on broad sector groups from ongoing 
COVID-19 border restrictions (e.g., supply chain, labour, connectivity with markets). 
1982
The Chief Executive advised that s9(2)(g)(i)
 
The Board 
Act 
i.
noted the Chief Executive’s Report for April 2021
ii.
noted the ONE Team Dashboard for March 2021
2.2
Ministry’s Advisors Updates
Ministry of Foreign Affairs and Trade (MFAT)
Chris Seed updated the Board on relevant issues from MFAT’s perspective.
Ministry of Business, Innovation and Employment (MBIE)
Paul Stocks updated the Board on relevant issues from MBIE’s perspective.
Information 
3
OPERATIONS
3.1
International Growth Fund (IGF)
The new Director IGF was introduced and welcomed to the meeting. Management noted that IGF approvals 
are on track to meet target, and that the focus is on ensuring quality stays consistent.
s9(2)(g)(i)
 
Official 
 
 
the 
 
The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard.
under 
ii.
noted progress made in allocating the FY21 appropriation.
iii. noted progress made in implementing the five-point transformation programme.
3.2.1
Finance Report
The Finance Report was taken as read, and there were no questions.
The Chief Executive commented on the pressure on the budget, with only a very small year-end surplus 
forecast. 
Released 
NZTE BOARD MINUTES 14 – 15 April 2021
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The Board: 
i.
noted the current financial performance report to 31 March 2021.
3.2.2
New Zealand Banking Partner Delegated Authority
The Board:
i.
approved the banking delegation covering all our New Zealand banking partners.
ii.
delegated signing of the New Zealand banking partners delegation letter by two Board Members.
iii. approved s9(2)(g)(i)
 
1982
. 
3.3
Safety & Wellbeing
The Board thanked management for a very informative report. 
Act 
The Board asked about the implications of two vaccines being temporarily withdrawn from use in some 
countries due to concerns about blood clots. Management advised that NZTE’s provider s9(2)(b)(ii) continues to 
recommend use of those vaccines as the benefit outweighs the risks. Additional information has been added 
to s9(2)(b)(ii) vaccine information website to ensure that our people understand the balance of risk and can 
make a well-informed decision.
The Board:
i.
noted the incidents and hazards reported for March 2021.
4
COMMITTEE & BOARD UPDATES
Information 
Audit & Risk Committee 
4.1
A verbal summary of the March 2021 meeting was provided by the ARC Chair. Key issues from the meeting 
were RBP audits, annual report process, s9(2)(g)(i)
 
The Board:
i.
noted the minutes from 3 December 2020 meeting. 
Official 
ii.
noted the verbal update from 12 March 2021 meeting.
4.2
Culture & People Committeethe 
The CPC Chair gave a verbal summary of the March 2021 meeting. Key issues from the meeting were 
Diversity & Inclusion, and the Wellbeing strategy. 
The Board:
i.
noted the verbal update from 12 March 2021 meeting.
5
STRATEGY 
under 
Theme: Strategy
5.1
The Head of Transformation gave a brief overview of Project Kōrako to date.
The Board asked about the theme of kaitiakitanga – which was confirmed to be focused on internal 
improvement initiatives.
s9(2)(g)(i)
 
 
 
Released 
s9(2)(g)(i)
 
NZTE BOARD MINUTES 14 – 15 April 2021
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s9(2)(g)(i)1982
Act 
s9(2)(g)(i)
Information 
Official 
the 
under 
Released 
NZTE BOARD MINUTES 14 – 15 April 2021
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s9(2)(g)(i) 1982
The Board:
Act 
i.
noted the overall Kōrako strategy (slides 1-25).
ii.
noted the proposed Kōrako measurement framework (slides 26-29).
iii. noted the draft organisational structure for the Customer Team (that has now been released for 
consultation with employees) (slides 30-35).
iv. considered s9(2)(g)(i)
 
5.2
Draft Statement of Performance Expectations 2021/22
s9(2)(a)
 joined the session. MFAT is a partner on the Trade Recovery Strategy and one of NZTE’s
monitors.
Information 
The Chief Executive noted that this draft Statement of Performance Expectations (SPE) does not yet contain 
outcome measures for Expo. These will be added to the final version that the Board will see in June. s9(2)(g)(i)  
 
The Board and management discussed how ambitious the performance targets should be. Targets need to 
reflect the additional resource allocated by the government but be realistic in terms of the ongoing impact of 
COVID-19 border restrictions. 
Official 
Specific feedback included:
∑
s9(2)(g)(i)
the 
 
 
under 
.
The Board requested that once Expo measures are added, an updated version be circulated by email for 
feedback.
The Board:
i.
noted the draft outline of the 2021/22 Statement of Performance Expectations (SPE.) 
ii.
approved the performance measures and targets for inclusion in the 2021/22 SPE. 
iii.
noted the draft of the SPE will be sent to the Minister for comment on 1 May.
Released 
iv.
noted the final SPE will be presented to the June Board meeting for approval.
5.3
Focus: Knowledge & Content
NZTE BOARD MINUTES 14 – 15 April 2021
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Board Minutes 10 February 2021 - Board Minutes 10 February 2021
New Zealand Trade and Enterprise Board 
10 February 2021, 9.15 am – 5.05 pm
Kauri Room, NZTE Christchurch
Present: Andrew Ferrier (Chair); Charles Finny; Traci Houpapa (v); Jennifer Kerr; Charlotte Walshe; Wayne Norrie, 
Peter Chrisp, Chief Executive s9(2)(a)
In attendance: Jess Dorman, Business Advisor to CE (v) (item 2.1-2.3); Peter Fenton, Head of Transformation
(v) (item 2.1-2.3); Richard Kay, Chief Digital Officer (item 2.1-2.3 & 3.1); Clare Wilson, GM International (v) (item 1982
3.2); Dylan Lawrence, GM Investment (item 2.1-2.3); Lisa Thompson, GM Customers (item 2.1-2.3, 3.1, 3.3 &
4.1); Dan Taylor, Head of Focus and Coalition Customers (v) (item 2.1-2.3); Tim Green, GM Strategy, People &
Partners (v) (item 2.1-2.3, 3.1 & 4.2); Rachel Baxter, Transformation Lead (v) (item 2.3); Megan Hurnard, Director
Customer Knowledge & Digital Channel (item 2.1-2.3 & 3.1); Jonathan Southee, Director Digital Delivery (item
Act 
3.1); Mischa Mannix-Opie, Director G2G (item 3.2); Tony Martin, Director Advisory & Networks (v) (item 3.3);
Jeremy Gardiner, Director Māori Customers (v) (item 3.3); Jacinda Swain, RBP Manager (v) (item 3.3); Simon
Ansley, Investment Director - Companies (v) (item 4.1); Mistelle Jack, Chief Financial Officer (v) (item 4.2 &
4.3); Emma Matson, Legal Counsel (item 4.2); Kylie Goodwin, Director People & Capability (v) (item 4.4); Jason
Hare, Safety & Wellbeing Manager (v) (item 4.4); Melanie Blake-Palmer, Board Governance Manager; Charlie
Partridge, Board Governance Advisor
Ministry Advisors: Chris Seed, Chief Executive MFAT (v); Carolyn Tremaine, Chief Executive MBIE (v) (item 2.1)
1
INTRODUCTION 
Information 
1.1
Apologies
There were no apologies.
The Board welcomed s9(2)(a)
 as the new Board observer under the Grow Your Governance 
programme and invited her to be an active participant in the discussion.
Official 
1.2
Declared Interests
Andrew Ferrier advised that he has joined Te Papa Whakaaronui Thought Leader’s Group – this is an 
independent agency under MPI to help develop and refine their long-term vision.
the 
Jennifer Kerr has joined Waipa Networks Ltd.
The Board noted the declared interests register. 
1.3
Minutes of previous meeting – 10 December 2020.
under 
The Board approved the minutes of 10 December 2020.
1.4
Actions Register
See actions register. Items 453, 476, 492 and 493 can be closed.
The Board noted the actions register. 
1.5
Board Programme
Knowledge will replace Expo as the Focus item on the April agenda (separate from the Digital item presented 
Released 
today).
The Board suggested that the Māori theme may be moved to April to align with the Gisborne Customer Tour.
The Board noted the 2021 Board programme.
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Board Minutes 10 February 2021 - Board Minutes 10 February 2021
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KEY REPORTS
2.1
Ministry’s Advisors Updates
Ministry of Foreign Affairs and Trade (MFAT)
Chris Seed updated the Board on relevant issues from MFAT’s perspective.
Ministry of Business, Innovation and Employment (MBIE)
Carolyn Tremaine updated the Board on relevant issues from MBIE’s perspective.
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2.2
Chief Executive’s Report 
The CE tabled a draft of discussion topics for Minister’s meetings, for the Board’s feedback. Further 
discussion centered on:
Act 
∑
The financial re-forecast currently underway, and potential re-prioritisation of any potential 
underspend
∑
The impacts of COVID-19 on the global supply chain
∑
The transition of the RBP from NZTE to MBIE
The Board provided feedback on topics for the Minister’s meetings and the Chair requested talking points for 
these.
The Board 
i.
noted the Chief Executive’s Report for December 2020.
ii.
noted the ONE Team Dashboard for October 2020.
Information 
2.3
s9(2)(g)(i)
s9(2)(g)(i)
Official 
the 
under 
The Board
i.
noted NZTE’s update on the Kōrako Transformation Programme.
Released 
ii.
noted the activity timeline for FY21.
iii. discussed the “Beyond the Enterprise” opportunity and questions posed.
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STRATEGY
3.1
Theme: Digital Transformation 
The Chief Digital Officer gave an overview of digital megatrends, noting that the pace and energy of digital 
acceleration means that the emphasis is now on removing friction points rather than inventing something 
new. The Board and Management discussed how NZTE’s new digital platforms support Reach customers in 
their export journey by sign-posting relevant content and next steps. 
s9(2)(g)(i)
 
1982
 
 
Act 
 
 
 
 
 
 
The Board: 
Information 
i.
noted the contents of the report.
ii.
discussed questions and challenges on slide 18.
iii. noted that an update on Knowledge and Content will be brought to the April Board meeting.
3.2
Focus: G2G
The Director G2G shared a promotional video on G2G and invited questions on the paper. s9(2)(g)(i)
 
Official   s9(2)(g)(i)
 
. 
 
the 
Further discussion centred on supply-side challenges, pricing and capability building in the G2G space. 
The Board suggested that a ‘fresh thinking’ session may be useful to help unlock the supply side, and asked 
whether IGF can be used by universities and public sector agencies for G2G projects. Management 
undertook to follow this up.
under 
The Board thanked the Director G2G for an interesting paper and discussion.
The Board: 
i.
noted the update on the G2G strategy.
ii.
discussed the key challenges posed.
3.3
Regional Business Partners (RBP) Network
The Board and Management discussed the Minister’s decision to move RBP to MBIE, and how NZTE can 
best support this transition to sustain the momentum gained over the last couple of years. Critical to this is the 
Released 
continued building and maintaining of effective relationships with partners in the regions.
Management provided an update on the initiatives that have been undertaken s9(2)(g)(i)
 
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Board Minutes 10 February 2021 - Board Minutes 10 February 2021
s9(2)(g)(i)
 
 
 
The 
Chair will support the transition process by writing to the Chief Executive of MBIE to highlight key focus areas 
for the RBP programme.
The Board:
i.
noted the transition of RBP funding from NZTE to MBIE.
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ii.
noted the learnings and outcomes from improving access and delivery of services to Māori 
businesses through the RBP network.
iii. discussed NZTE’s approach in supporting a successful transition to MBIE in parallel with 
Act 
the Kōrako Reach Strategy.
4
OPERATIONS
4.1
International Growth Fund (IGF)
The Board asked about the change in Cabinet approved funding ratios and whether this was applied to IGFs 
previously approved. Management advised that the new ratio was applied to IGFs with existing approval as a 
means of accelerating projects. 
s9(2)(g)(i)
Information 
Official 
The Board:
i.
noted the IGF progress report as supported by the IGF Dashboard.
the 
ii.
noted progress made in allocating the FY21 appropriation.
iii. noted progress made in implementing the five-point transformation programme.
s9(2)(b)(ii)
under 
4.3
Finance Report
s9(2)(g)(i)
Released 
The Board:
i.
noted the current financial performance report to 31 December 2020.
NZTE BOARD MINUTES 10 February 2021
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