The Fliway Board comprises an independent non-executive Chairman (Craig Stobo), an independent nonexecutive director (Alan Isaac) and an executive director (Duncan Hawkesby).
Independent Non-executive Director
Alan was the President of the International Cricket Council for two years until June 2014 and is currently Chairman of McGrathNicol and Partners. In addition, Alan is a director of listed companies Opus International Consultants Limited, Scales Corporation Limited, Oceania Healthcare (NZ), Skellerup Holdings Limited and of various private companies. He is also Chairman of the New Zealand Community Trust and Vice President of the Institute of Directors. Alan has an extensive background in accounting and finance and is a former national Chairman of KPMG. He was made a Companion of the New Zealand Order of Merit in 2013 for services to cricket and business.
Fliway Group Limited
66 Westney Road
Phone: +64 9 255 4600
Link Market Services Limited
Level 7, Zurich House
21 Queen Street
PO Box 91976, Auckland 1142
Phone: +64 9 375 5999
Investor line: +64 9 375 5998
Facsimile: +64 9 375 5990
The Board is committed to upholding standards in corporate governance, business behaviour and accountability in order to promote investor confidence. Consistent with this, the Board has endorsed the Corporate Governance Best Practice Code set out in the NZX Main Board Listing Rules.
Role of the Board
The Board has ultimate responsibility for the strategic direction of Fliway and for supervising Fliway’s management for the benefit of its Shareholders. The Board’s responsibilities include setting and overseeing the execution of Fliway’s strategy, and supervising management in the operations of Fliway’s business. The Board has adopted a charter recording its commitment to best corporate governance practices (the Board Charter). The Board Charter describes the specific responsibilities, values, principles and practices that underpin the role of Directors on the Board. The Board Charter does not attempt to provide a complete record of all of the formal and informal rules associated with the role of the Board and should be read in conjunction with the Constitution and relevant laws, regulations, codes and guidelines. The Board currently plans to meet not less than six times during the financial year, including meetings to consider Fliway’s strategic direction and business plans. Video and / or phone conferences will be used as
required. Given its size, the Board has elected not to establish separate nomination or remuneration sub-committees. The total Board will attend to matters relating to nominations and remuneration.
Audit and Risk Management Committee
The Board has established an Audit and Risk Management Committee, as a sub-committee of the Board. The Audit and Risk Management Committee is responsible for overseeing the risk management (including treasury and financing policies), treasury, insurance, accounting and audit activities of Fliway, and reviewing the adequacy and effectiveness of internal controls, meeting with and reviewing the performance of external auditors, reviewing the consolidated financial statements, and making recommendations on financial and accounting policies. The members of the Audit and Risk Management Committee are Alan Isaac (Chairman), Craig Stobo and Duncan Hawkesby.
Policies and procedures
Fliway Group Corporate Governance Manual