. INTRODUCTION
This memo sets out certain interim changes to FPA’s global expenditure delegations in support of our focus on effective cost management.
2. CAPITAL EXPENDITURE
All Capital Expenditure (planned and unplanned) over NZD$2,000 requires MER Committee approval. This should be approved on an MER Form by your respective Business Unit Executive and submitted through the normal process.
3. OVERSEAS TRAVEL
All overseas travel requires sign-off by your Executive VP and CEO.
This should be approved by your respective Business Unit Executive VP on the normal Travel Requisition form and submitted through them to the CEO for approval.
4. UNPLANNED OPERATIONAL EXPENDITURE
Any Unplanned Operational Expenditure should be approved by your Business Unit Executive VP as per existing delegated authorities. Planned Business Unit expenditure delegations remain unchanged, albeit caution is expected to be exercised when incurring expenditure within department budgets.
5. TEMPS AND CONTRACTORS
All temp staff or contractors require sign-off by the Executive VP of Human Resources.
Please submit this request, including time and cost requirements and reasoning on an MER form through your Business Unit Executive VP first also.
6. RECRUITMENT
All hiring of full time or part time oles (new or replacement) requires justification to the full Executive team. Justification is required by way of e-mail setting out why the role is required and what would be lost or not delivered if the role is not fulfilled. This should be submitted via your Business Unit Executive VP for consideration.