State-Owned Enterprises Act 1986

Part 1 Principles

4 Principal objective to be successful business

(1)

The principal objective of every State enterprise shall be to operate as a successful business and, to this end, to be—

(a)

as profitable and efficient as comparable businesses that are not owned by the Crown; and

(b)

a good employer; and

(c)

an organisation that exhibits a sense of social responsibility by having regard to the interests of the community in which it operates and by endeavouring to accommodate or encourage these when able to do so.

(2)

For the purposes of this section, a good employer is an employer who operates a personnel policy containing provisions generally accepted as necessary for the fair and proper treatment of employees in all aspects of their employment, including provisions requiring—

(a)

good and safe working conditions; and

(b)

an equal opportunities employment programme; and

(c)

the impartial selection of suitably qualified persons for appointment; and

(d)

opportunities for the enhancement of the abilities of individual employees.