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Recommendations
Appointment
of Independent Members of the Investment Company Transition Board of
Directors
That Council:
1. Agrees
that the decisions to be made are not significant under the criteria
contained in Council’s adopted policy on significance and that Council can
exercise its discretion under Sections 79(1)(a) and 82(3) of the Local
Government Act 2002 and make decisions on this issue without conferring
directly with the community and persons likely to be affected by or to have
an interest in the decision due to the nature and
significance of the issue to be considered and decided.
2. Confirms the appointment of Messrs Jim Scotland, Sam Robinson and
Dr Andy Pearce as independent Directors to the Hawke’s Bay Regional
Investment Company Transition Board. The term of their appointments is to
expire on 31 December 2013.
3. Confirms
that the Transition Board is to undertake a formal review of the Company and
Board performance by 31 August 2013.
4. Confirms
that Directors fees be set for the three independent Directors at $15,000 per
annum and if an independent Director is elected by the Transition Board
members as the Chairman of the Transition Board, then the fee to be paid to
the Chairman is to be set at $21,500 per annum. These Directors’ fees are to
be reviewed at the time of the appointment of a full Board, namely 31
December 2013.
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