- About COMU
- Board Appointments
- Ownership Framework
Page updated 21 November 2012
As the commercial arm of the Treasury, the Crown Ownership Monitoring Unit (COMU) monitors the government’s investment in companies/entities owned by the Crown, assists with the appointment of directors, and provides performance and governance advice to Ministers. This places our work at the crossroads between the commercial world and central government, giving us a need to have a wide variety of talented people from all walks of life to support us in this work.
You can check out our current opportunities (StaffCV website) or register your details (StaffCV website) for future opportunities or watch the Treasury careers video (Treasury website). Our people are passionate about what they do, and it shows in their contribution of knowledge and experience to protect value, enhance performance and contain risk for the Crown’s interests. We have captured a few thoughts from some of our team members here, and will feature more of our team over time.
Governance and Performance Specialist | Appointments & Governance
After enjoying a diverse career spanning research, chemistry, human resources management, general management and consulting in the private sector, I joined COMU’s precursor 5 years ago as a Senior Advisor, responsible for monitoring a diverse group of SOEs and Crown entities. I was attracted to COMU by the prospect of working at the junction between the commercial world and central government.
Analytical rigour, financial literacy and relationship skills are essential in the role, but there is scope for the team to use the personal strengths and experiences that the individuals bring to the unit. Team members come from a variety of backgrounds, and I do not feel there is one ‘best’ background for the role – the more diverse, the better.
I value having a balance between my professional life and my life outside of work, and COMU has been amenable to flexible work arrangements. My personal belief is that you have to really enjoy what you do work wise and in my role here, the variety of work and people I come into contact with is a big part of it.
Senior Advisor | Sector Monitoring
I began my working career with Deloitte in 1996 and qualified as a chartered accountant, working with a number of clients in a range of industries. I was fortunate enough to go on secondments to Miami and Edinburgh during this time and spent my last two years with Deloitte as a manager, responsible for a number of clients and staff.
Following this time with Deloitte, I went to London where I set up a company and contracted myself out to multinational corporates, undertaking a variety of assignments. After returning to New Zealand and a further short stint contracting, I deliberately decided to enter the public sector.
I was attracted to COMU as it operates at the commercial end of the public sector but is within the public sector all the same. The role sounded really interesting and I needed a change.
I have met some great people and engage with a diverse group of stakeholders including Ministers, directors, chief executives, government officials and the public. I also appreciate the values here, particularly work/life balance since having kids.
The work itself is varied and no day is the same. I have also benefited from attending some really good training and development courses.
Senior Advisor | Sector Monitoring
I am a Chartered Accountant by trade, having qualified in 2004 following 3 years working at Deloitte in the Audit department, which I joined straight out of University Over the following years I had a succession of jobs in the public and private sector focusing on budgeting, forecasting and reporting processes. I joined COMU in 2011 as a Senior Advisor in the Sector Monitoring Team. I was mainly attracted to the role for its commercial aspects, with COMU being responsible for monitoring the performance of the Crown’s commercial portfolio. It was a good change in moving from more hands-on accounting type roles that I had mainly worked in previously, to a role that requires a more holistic and strategic view of the organisations we monitor.
I have found the work to be varied since I have been here, with the day-to-day work being quite dependent on the different strategic risks and opportunities facing the companies I monitor. A number of the organisations COMU monitors are undertaking initiatives that have a high profile in the media, so it has been interesting to be at the forefront of such strategic initiatives.
I have met a number of great people at COMU, and I have been able to learn professionally, as well as ensure that I have a good work/life balance.
Graduate Analyst | Sector Performance & Balance Sheet
I started at Treasury in 2012 after completing an honours degree at the University of Otago. Having a background focused in economics, I wasn’t sure exactly what to expect when starting in COMU. I was pleasantly surprised, it’s a great way to work for the public sector whilst also being introduced to private sector disciplines.
From day one I was given a lot of responsibility and the ability to work on a variety of different issues. The work draws upon my economics background whilst also incorporating finance and accounting
COMU is filled with extremely experienced people who have led successful careers across the private and public sectors. I’m extremely lucky that the flat structure allows me to directly draw upon their knowledge and expertise.
Manager | Commercial Transactions Group (CTG)
I have been with Treasury for seven years, separated by periods in the private sector and at the International Monetary Fund. My focus in COMU is on investment and negotiation issues. A recent example of these two issues in COMU has been the ownership implications of the electricity industry reforms.
At COMU I work with outgoing people who are interested in commercial issues. We have a flat organisational structure where team members are responsible for working directly with companies, developing advice and delivering it to ministers. The leadership approach encourages participation from everyone in the organisation. It is a challenging and motivating environment which attracts people who are keen to contribute to financial and economic issues. I enjoy being a manager here where I can develop others in their roles and help to lift the performance of our work as a team.
In the past 24 months we have increased the breadth and momentum of our work with companies. It has meant a greater emphasis on lifting the performance of the Crown's investments.