Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Audit and Risk Subcommittee Appointment Made

Audit and Risk Subcommittee Appointment Made

Dunedin, 26 February 2014 – The Dunedin City Council has appointed the first of two independent members to its new Audit and Risk Subcommittee.

Susie Johnstone, who is managing partner of accounting firm Shand Thomson, Balclutha, has been appointed by the Council as Subcommittee Chair.

Mayor of Dunedin Dave Cull says Mrs Johnstone has a great deal of experience leading audit and risk committees across a range of public sector entities.

“We are very fortunate to have someone of Mrs Johnstone’s calibre on the Subcommittee. Her skills, attributes and knowledge will be of huge benefit to the Subcommittee’s work.”

Mrs Johnstone is Deputy Chair of the Otago Polytechnic Council and a director of REANNZ, which is responsible for the provision of an advanced high capacity internet service to the New Zealand research and education communities. She is a Fellow of the New Zealand Institute of Chartered Accountants and a member of its Governance Committee.

She has also served on the boards of Tourism New Zealand, the Southland, Otago and Southern District Health Boards, the New Zealand Blood Service and the New Zealand Hockey Federation.

Mrs Johnstone says, “I am looking forward to working with Council and am supportive of their increasing focus on the governance aspects of audit and risk. These matters tend to fly below the radar until something doesn’t go so well so the Council is to be commended for taking the initiative in this area.”

The Audit and Risk Subcommittee has been set up to provide the Council with a degree of comfort that risk is being managed appropriately within the organisation. The Subcommittee’s responsibilities include risk management and internal control and it will oversee governance policies in areas such as conflict of interest, insurance, procurement, risk, fraud, and health and safety. It will also include oversight of the Annual Report.

The Subcommittee will report directly to the Council.

At this stage, the Subcommittee members are Mrs Johnstone, Cr Richard Thomson, Cr Hilary Calvert and Deputy Mayor Chris Staynes. The Council will shortly publicly advertise for a second independent member.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Half Empty: Dairy Product Prices Drop To Lowest Since December 2012

Dairy product prices fell to the lowest level since December 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and anhydrous milk fat. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news