The AICDs innovation policy

Thursday, 01 March 2001


    During the past two decades, the flow of New Zealand companies and directors across the Tasman to win business in Australia has increased steadily.

    In some instances, this trip has turned into a voyage of discovery of business practices and boardroom politics. While business skills are a matter of good luck and judgment, what about boardroom skills and practices? John Arbouw reports on a recent survey of boards in Australia and New Zealand.

    The AICD submission called for:

      • an allocation of $1 billion with around $300 million to be spent on an ongoing basis. (The Government proposes to spend around $3 billion over seven years with around $160 million to be spent in the first year.)

      • a high level working group (Board of Innovation) to look at R&D tax incentives and find ways to make them work more effectively.

      • the Government to give due consideration to creating a balance between protecting consumers and facilitating innovation.

      • the creation of an ideas culture

      • the need to innovate and take the risks in developing technology



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