Originally Posted by
garykung
That's not true, per my quick study to the NZ's corporate constitution.
The NZ Government literally holds overwhelming power over NZ as the "special" majority shareholder. The directors are independent as none of them affliated with the NZ Government, i.e. no Minister is appointed into the Board. The NZ Government can in fact remove a sitting director as it pleases. So if the NZ Government wants to push a customer-friendly agenda, the NZ Government can do it despite any opposition.
Seriously, NZ is no CX, but CA/SQ. Even publicly listing, NZ is still a SOE bottom line.
You've pretty much just explsined why NZ is not an SOE, and meets very few of the requirements to be an SOE. The Govt (including the current one) have always said they will take a hands off approach to their ownership.