Board appointments

The Treasurer, is responsible for appointing directors to the boards of State Owned Corporations (SOCs), Public Financial Corporations (PFCs) and retained interest corporations.

Treasury provides advice to the Treasurer on board appointments. TPG23-06 Board Appointments for State Owned Corporations and Other Commercial Government Businesses provides a framework for the board appointment process including guidelines to provide clarity for stakeholders and board candidates.

TPG23-22 icare nominee director guidelines sets out the eligibility criteria and process for nominations and appointments relating to icare nominee board appointments. 

You are encouraged to register your details if you have the skills and motivation to contribute to the governance of SOCs and PFCs in NSW on the NSW Boards and Committees Register.

Gender Diversity Targets for NSW Major Government Business Boards

Gender diversity target for SOC and PFC boards was introduced in April 2022. It is important for NSW major government businesses to lead the way in providing women with equal employment opportunities and greater gender diversity in boardrooms will positively impact the decisions and direction of the businesses.

The gender diversity targets for SOC and PFC boards are:

• No less than 40 per cent of board director positions filled by women on each SOC and PFC board
• Overall, 50 per cent of all SOC and PFC board director positions combined, filled by women.

Overview of SOC and PFC board composition

The gender composition of SOC and PFC boards as at June 2023 is shown in the table below.

_{# The STC board is comprised of nine board directors, five of which are appointed on nomination of the Treasurer as employer representatives (included in the table above) and four of which are appointed on nomination of Unions NSW.}