A former member of RNZ’s board has revealed she raised concerns about a $5 million loan that required approval but was not included in official records. The loan, which RNZ needed permission for, has now come under scrutiny.
The former board member, who spoke to The Press, said she had flagged the loan as potentially unlawful during internal discussions. Despite her concerns, the loan was not formally recorded in RNZ’s official documentation.
RNZ, a New Zealand public broadcaster, has been reviewing its financial practices following recent calls for greater transparency. The board member’s comments add to growing pressure on the organization to ensure all financial decisions are properly documented and approved.
This incident follows a series of reports questioning RNZ’s financial management. In 2023, an internal audit found discrepancies in how the organization handled grants and sponsorships. The current review aims to address these concerns and improve accountability.
The board member emphasized that her concerns were based on legal and ethical considerations, not personal disagreement. She said the lack of documentation could have serious implications for the organization’s credibility.
RNZ has not yet commented on the matter, but the ongoing review suggests the issue is being taken seriously. The case highlights the need for clearer financial oversight in public institutions.
