NIWA, the National Institute of Water and Atmospheric Research, is a Crown Research Institute established in 1992. It operates as a stand-alone company with its own Board of Directors and Executive.
What is a Crown Research Institute?
Crown Research Institutes (CRIs) are Crown-owned companies established to undertake scientific research and related activities in accordance with the Crown Research Institutes Act 1992. The Shareholding Ministers are the Minister of Finance (50%), and the Minister of Research, Science & Technology (50%). CRIs are subject to the Crown Entities Act 2004, the Crown Research Institutes Act 1992, and the Companies Act 1993.
Key requirements on CRIs include:
Carrying out research for the benefit of New Zealand
Abiding by ethical standards
Recognising social responsibility
Operating as a good employer
Maintaining financial viability
Producing an Annual Report, which is tabled in Parliament