2017 WEL Networks
|
Annual Report
22
ENVIRONMENTAL AND HEALTH
AND SAFETY ISSUES
The Board recognises the importance of environmental
and health and safety issues. It is committed to the highest
levels of performance in all areas of the Company. Health
and safety and environmental management programmes
have been adopted by the Company. The Company
also seeks to assess and improve its performance and
standards in these areas, to use energy and other natural
resources efficiently, and requires the adoption of similar
standards by its suppliers and contractors.
INDEMNIFICATION AND
INSURANCE OF OFFICERS
AND DIRECTORS
The Company is entitled to indemnify Directors and Officers
and to effect insurance for them in respect of certain
liabilities arising from their positions (excluding claims by
the Company or a related party of the Company).
The indemnities and insurances must be given and
effected in accordance with the Constitution and the
Companies Act.
INFORMATION USED
BY DIRECTORS
Information relating to items to be discussed by the
Directors at a meeting is provided to Directors prior to the
meeting. Directors must not use information received in
their capacity as Director, which would not otherwise be
available to them, without the prior consent of the Board.
Directors are entitled to seek independent professional
advice to assist them to meet their responsibilities.
INTERESTS REGISTER
Directors must identify any potential conflict of interest they
may have in dealing with the Company’s affairs. Where
a conflict arises, a Director may still attend a Directors’
meeting, but may not be counted in the quorum, partake
in the debate or vote on a resolution or affix the seal to
any document in which they are interested. The Company
maintains an interests register to record particulars of
transactions or matters involving Directors. It is available
for inspection at the Company’s registered office.
Additionally, the Company has in place an interests register
for Executive Managers and other Senior Managers to
record potential conflicts of interest.
DIRECTORS’ DISCLOSURES OF INTEREST
New Directorships from 1 April 2016 to 31 March 2017
Margaret Devlin
(Chairman)
As Chairman of Watercare Limited and of the
Women in Infrastructure Network.
Anthony (Tony) Steele
As Director of Aduro GP Limited.
Paul McGilvary
As Director of Waikato Milking Systems Limited.
David Wright
As Director on the Advisory Board of Global Safety Index
Pty Limited and as Establishment Chair of Solomon
Islands Airport Corporation Limited.
