In conjunction with NZSF, before deciding to engage, we look at fit with priorities, our capacity to contribute and engage directly with target companies; the potential effectiveness of engagement, and; resources required.
Before undertaking engagement, we put together an engagement plan that provides context and reasoning for the engagement as well as setting performance targets and milestones. Progress of the engagement is recorded and reported quarterly. Monitoring responses (or lack of) is also undertaken quarterly.
The collaborative engagements that we choose to join will fit with our priorities, have clear objectives and methodologies for tracking progress. We also have an internal approval process which we need to go through before joining any collaborations.
In 2019, alongside the other Crown-owned investors in New Zealand, we have led a large collaborative engagement with the social media companies in response to the livestreaming and dissemination of content relating to the Christchurch terror attack. The engagement has a sole objective with a clear engagement plan.