Auckland councillors have been urged not to pre-empt a review of the council's seven major agencies.
The 16-month review will look at the effectiveness of the structure in which much of the council's day-to-day work is done by the agencies, called council-controlled organisations or CCOs.
The one responsible for investment, Auckland Council Investments Limited, says it has difficulty linking its objectives to the council's strategic plan.
Councillor Cathy Casey says that is a reason to get rid of that agency.
In a debate that ended with the review being approved, she pointed out that the regional facilities agency lists its main achievements as having a regional perspective, commercial outcomes and changing its own culture but does not refer to the public good.
Deputy mayor Penny Hulse, who will oversee the review, says councillors must be open-minded about what it might find and recommend.