A review into a Government venture capital fund which invests hundreds of millions of dollars of taxpayer money found instances of low-level bullying, perceptions of an underlying culture of gender discrimination, and of disrespectful and inappropriate workplace culture. It manages the Aspire NZ Seed Fund and the $300 million Elevate NZ Venture Fund, and its performance is overseen and monitored by the Guardians of the New Zealand Superannuation Fund. READ MORE:* Allegation of bullying at Invercargill Fire Station* KiwiSaver fund Kiwi Wealth ventures into venture capital* Government's $300m venture capital fund seeks 'unicorn' technology companies“While some employees resigned from their positions due to the working place environment, this was not universal of the workplace culture at NZGCP. The review found no instances of harassment.”The venture capital fund said it wouldn’t release the full report, which was completed on March 12. The board of the venture capital fund said it is making significant progress on the recommendations and expects to finish implementing them by the end of its financial year of June 30.

Source: Stuff April 01, 2021 00:00 UTC