Risky business
OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.
He also takes issue with chair Kate Acland’s rather spurious argument that BLNZ’s director fees are far lower that other comparable levy body board remuneration.
On first glance this may appear to be the case. However, even a little bit of research shows that BLNZ directors are not doing it so tough.
According to its 2023 annual report, DairyNZ’s chair receives around $95k annually and each farmer director around $50k.
Meanwhile, BLNZ’s chair gets $76k and each farmer director around $38k.
However, if you add in the director fees they also get as being directors of the NZ Meat Board – Acland’s stipend jumps to $107k a year and each farmer director to $55k.
