Securities Commission | Publications: Annual report 2006

The Securities Commission consists of not less than five and not more than ten Members appointed by the Governor-General on the recommendation of the Minister of Commerce. Members are appointed for their knowledge or experience in industry, commerce, economics, law, accountancy, public administration or securities. At least one Member must be a barrister or solicitor of not less than seven years’ practice. Members hold office for a term not exceeding five years and may be reappointed.

We have had a full complement of Members during the 2005-2006 year. The Commission held 11 regular monthly meetings and 78 division meetings. There were an additional 43 resolutions in writing. The Audit and Risk Review Committee (Joanna Perry (chair), Cathy Quinn and Keitha Dunstan) met on five occasions.

Jane Diplock AO BA (Hons), LL B, DipEd (Sydney), Dip Int Law (ANU), FIPAA, FNZIM.
Chairman of the Commission since September 2001.
Professional:
Barrister and Solicitor of the ACT Supreme Court and High Court of Australia; Barrister of the New South Wales Supreme Court; Fellow of the Institute of Public Administration of Australia;
Chevening Fellow at London School of Economics; Chairman of the Executive Committee of IOSCO;
Fellow of the New Zealand Institute of Management.

David Jackson M Com (Hons), FCA.
Company Director, Auckland.
Professional:
Chartered Accountant; Member of the Executive Board of the New Zealand Institute of Chartered Accountants.
Directorships:
Pumpkin Patch Limited, CanWest MediaWorks (NZ) Limited and The New Zealand Refining Company Limited.

Colin Beyer LL B, FIOD.
Consultant to Simpson Grierson, Wellington.
Professional:
Solicitor, Wellington.

Lloyd Kavanagh LL B.
Solicitor, Auckland.
Professional:
Formerly Associate Director - Mergers & Acquisitions, Fonterra Co-operative Group Limited, Deputy Chairman Soprole S.A. and Prolesur S.A. (Chile), and Alternate Director Ba ’Emek Advanced Technologies Limited (Israel). Formerly Corporate Secretary, New Zealand Dairy Board, and Partner Russell McVeagh, Wellington, specialising in banking and securities law.

Mai Chen LL B (Hons) (Otago), LL M (Harvard), FNZIM.
Partner of Chen Palmer, Wellington, Barristers and Solicitors, Public Law Specialists
Professional:
Specialist in government regulation of business, administrative and constitutional law, public policy and legislation. Formerly on the Advisory Board of AMP Life Limited (NZ) and Senior Law Lecturer at Victoria University of Wellington. Fellow of the New Zealand Institute of Management.

Joanna Perry MA (Cantab), FCA (ICANZ), FCA (ICAEW).
Chartered Accountant, Auckland.
Professional:
Chairman of the Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants; Member of the Australian Accounting Standards Board; previously partner of KPMG.

Annabel Cotton BMS (Accounting and Finance), ACA, CSAP.
Business Consultant, Auckland.
Professional:
Consultant to companies listed in New Zealand and overseas.
Directorships:
Genesis Power Limited; Kingfish Limited and its subsidiaries; Merlin Consulting Limited; and director of a number of private companies.

Cathy Quinn LL B.
Solicitor, Auckland.
Professional:
Partner of Minter Ellison Rudd Watts specialising in corporate and securities law. Joint author Morison’s Company and Securities Law.

Keitha Dunstan PhD (QLD), M Bus (QUT), Grad Dip Mgt (UCQ), B Com (QLD).
Research Professor, School of Accounting and Commercial Law, Victoria University of Wellington.
Professional:
Head of School, School of Accounting and Commercial Law at Victoria University of Wellington; New Zealand President Accounting and Finance Association of Australia and New Zealand.

Neville Todd B Com (Otago).
Director, Investment Management Company, Wellington.
Professional:
Past Member of the New Zealand Stock Exchange.
Directorship:
Milford Asset Management Limited.

2006 Annual Report

Members of the Commission