Value for money
Marcia Krska, Stanmore Bay (abridged)
I have a question relating to the piece regarding David Rankin being appointed CEO of Auckland Council’s property arm Panuku Development on a salary of $520,000 (HM February 17). In light of this huge salary, can Council inform us of Mr Rankin’s Key Performance Indicators please? How else can we taxpayers measure that we are getting value for our money from his efforts?
Panuku chair, Paul Majurey, responds (abridged): In accordance with the Local Government Act, Auckland Council’s annual Statement of Intent (SOI) for Panuku Development Auckland details its activities and intentions for the next three years. The SOI also includes performance measures and targets and is publicly available at www.panuku.co.nz. When setting the chief executive’s salary, Panuku follows Council’s practice of obtaining market remuneration information from independent experts. Salary ranges are reviewed against market data from both private a