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Directors’ Loans
There were no loans by the Company to Directors during the period.
Use of information by Directors
There were no requests received from Directors of the Company to use Company information received in their
capacity as Directors that would not otherwise have been available to them.
Auditors
Under section 45 of the Energy Companies Act 1992, the Auditor General is the auditor of the Company. The
Auditor General has appointed Pip Cameron of PricewaterhouseCoopers (2011: Bruno Dente of Deloitte) to
undertake the audit. To ensure that the ability and independence of the auditors to carry out their statutory
audit role is not impaired, or could reasonably be perceived to be impaired, the Auditor is not engaged in non
audit activities. Other than the audit of the annual report, the Auditor also performs the audit of the regulatory
required. Electricity Distribution Business Information Disclosure and Default Price Quality Path Compliance
before these are submitted to the Commerce Commission.
Directors’ indemnity and insurance
The Company has insured all its Directors and Staff against liabilities to other parties that may arise from their
positions as Directors or Staff. This insurance does not cover liabilities arising from criminal actions.
Directors’ and Officers’ interests
The following interests may lead to conflict of interest:
John B Anderson (CEO)
Partner of Abseil Inn
A Malcolm Don (Chair)
Director of Counties Power Limited
John C Lindsay
Chairman of Holcim (New Zealand) Limited
Director of McDonalds Lime Limited
Peter Till
Chief Executive, Ruapehu District Council
Simon Young
Director of Windflow Technology Limited
Director of Jimmi Interests Limited
Director of Opunake Hydro Limited
The only transactions between the above entities and The Lines Company is the supply of line functions and
associated services in the normal course of trading.
Ethical conduct
As part of the Board’s commitment to the highest standard of conduct, the Company has adopted an ethics
policy to guide executives, management and employees in carrying out their duties and responsibilities. The
policy is reviewed annually.
Ethical matters that are uncertain are referred to the Ethics Committee for resolution.
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