Rangatira Annual Report 2025 - Flipbook - Page 71
Annual Report 2025
spent 39 years with KPMG, including over seven
as CEO. He is a director of BNZ, Chair of Treasury’s
Audit committee for the Financial statements of the
Government, and an advisory board member for Scott
& Ricketts. He is a Fellow Chartered Accountant and
a member of INFINZ, with expertise in audit, risk, and
governance.
David Gibson – LLB (Hons), BCom
Independent director
David joined the Board in 2019 and will retire at this
year’s AGM. David has over 20 years of investment
banking experience, including leading Deutsche Bank’s
corporate finance team in New Zealand. David has
advised on a wide range of capital market transactions
and currently serves on the boards of Goodman,
Freightways, and Contact Energy.
Sophie Haslem – BCom, PGDip Mgmt
Independent director
Sophie joined the board in 2013 and chairs the Audit
committee. Sophie has held senior strategy and
corporate finance roles with NZ Post, ANZ, Citibank,
and Ernst & Young. Sophie is Chair of Kordia, Deputy
Chair of CentrePort, and a director of LIC, Payments
NZ, and nib NZ.
Ian (Sam) Knowles – BSc (Physics), MSc (Hons)
Independent director
Sam joined the board in 2011 and chairs the
Remuneration committee. Sam has held senior roles
in financial services and was the founding CEO of
KiwiBank. His governance experience includes roles
with Xero, Synlait, and PartnersLife. He is currently
a director of Westpac NZ, Adminis, and Fire Security
Services, and a trustee of Te Omanga Hospice
Foundation
Catherine Quinn – ONZM – LLB
Independent director
Cathy joined the board in 2019. A highly respected
corporate lawyer, she brings deep expertise in
governance, mergers and acquisitions, and capital
markets. Cathy serves as Chair of Tourism Holdings
and Fertility Associates, is Pro Chancellor at the
University of Auckland, and sits on the boards of
Fletcher Building and Fonterra. In 2016, she was
appointed an Officer of the New Zealand Order of Merit
for her services to law and business.
Director tenure
Directors are not appointed for fixed terms. However,
1
2
3
4
in accordance with the Constitution, one-third of the
directors must retire at each AGM. Retiring directors are
eligible for re-election by shareholders. This table show
the current tenure.
Zero to five years
2
Five to ten years
2
Over ten years
3
Board and committee meetings
The Board generally meets seven times per year, with
additional meetings scheduled as required to address
matters of strategic importance or respond to emerging
issues and opportunities.
Board
Audit
Remuneration
David Pilkington
7|7
-
1|1
Michael Boggs
1
4|4
-
-
Godfrey Boyce
2|2
1|1
-
David Gibson
6|7
2|3
-
Douglas Gibson3
2|3
-
0|1
Sophie Haslem
7|7
3|3
-
Sam Knowles
6|7
-
1|1
2
Cathy Quinn
5|7
-
-
Richard Wilks4
4|5
2|2
-
Directors’ and officers’ insurance
Rangatira maintains directors’ and officers’ liability
insurance to protect directors and management against
claims arising from wrongful acts while acting on behalf
of Rangatira. This covers damages, legal costs, and
penalties, excluding dishonest or fraudulent actions,
willful breaches, misuse of information, or breaches of
professional duty.
Health and safety
Health and safety responsibilities are managed directly
by Rangatira’s operational businesses, rather than at a
consolidated group level.
Diversity
Rangatira is committed to fostering a diverse and
inclusive workplace, supporting equal opportunity
and maintaining zero tolerance for discrimination,
harassment, or victimisation. We also encourage our
non-wholly owned subsidiaries and joint ventures to
adopt these principles wherever practicable, to ensure
best practice. The table below shows the gender
composition:
Michael was appointed as a director on 1 September 2024.
Godfrey was appointed as a director on 1 December 2024.
Douglas ceased to be a director on 2 August 2024.
Richard ceased to be a director on 30 November 2024.
71
