Appointment of directors to ICC-controlled companies

Two significant changes have this week occurred to the way in which the Invercargill City Council appoints directors to Invercargill City Holdings Limited (Holdco) and its subsidiaries. Council Chief Executive Clare Hadley said Council, in July, resolved that the Director Appointments Panel, which recommends candidates to council-controlled companies, should be independent, without any political representation. […]

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Council adopts 2017-2018 Annual Report

The Invercargill City Council adopted its 2017-2018 Annual Report at a meeting on Tuesday night (30 October 2018). Council Interim Director of Finance Dave Foster said the report received a clear audit opinion from Audit New Zealand. The report shows a $5.4 million loss compared to a budgeted loss of $1.8m, however Council’s cash expenses […]

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