Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Beyer and Quinn re-appointed

27 January 2005 Media Statement

Beyer and Quinn re-appointed to Securities Commission

Commerce Minister Pete Hodgson today announced the re-appointment of Colin Beyer and Cathy Quinn to the Securities Commission for second terms of five years which commence in February 2005.

“Colin Beyer and Cathy Quinn are both excellent contributors to the Commission and will provide continuity in the current period of growth, capacity building and the addition of new powers”, Pete Hodgson said.

Background

Cathy Quinn Cathy Quinn is a commercial corporate partner of Minter Ellison Rudd Watts. A leading lawyer in the field of securities and corporate governance she co–authored Morison’s Company and Securities Law. Ms Quinn was appointed as a member of the sub-committee on securities law issues following the inaugural Australia New Zealand Leadership Forum which was held in May 2004. The nature and future of the relationship between the two countries was a focus of the Forum.

Colin Beyer As a lawyer practising in Wellington for more than 40 years, including 10 years as partner in Simpson Grierson, Colin Beyer specialised in company, commercial and mining law. In 2003 he retired from Simpson Grierson but remains a consultant to the firm. He has considerable private sector governance experience including 10 years as Chair of Tower Corporation and subsequently five years as Chair of Tower Limited as well as directorships on Capital Power Limited and Trustpower Limited. He remains Chair of Capital Properties New Zealand Limited.


Securities Commission The Commission is a Crown entity the role of which is to regulate the securities market. The Commission achieves this through its statutory functions under the Securities Act 1978 and the Securities Markets Act 1988.

Its statutory functions include:

enforcement of securities law including insider trading, substantial security holder disclosure, and offers of securities to the public;

reviewing and making enquiries into market practices;

a supervisory role in relation to securities exchanges;

granting exemptions from securities law;

promoting public understanding of the law and practices relating to securities;

co-operating with overseas regulators; and

providing administrative and support services to the Takeovers Panel.

The Commission also has various advisory functions under the Corporations (Investigation and Management) Act 1993 and the Reserve Bank of New Zealand Act 1989.

Under the proposed Securities Legislation Bill the Commission’s functions will be enhanced including through an increased range of penalties and remedies available for breaches of securities trading law and in taking on a public enforcement role in relation to investment advisers and broker obligations.

Criteria for Membership of the Commission

The ten members of the Commission are appointed by the Governor-General on the recommendation of the Minister. When considering appointments the Act requires the Minister to recommend candidates who have knowledge of, or experience in, industry, commerce, economics, law, accountancy, public administration, or securities. At least one member must be a barrister or solicitor with a minimum of seven years experience.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Plain Packs Plan: Gordon Campbell On Tobacco Politicking (And The TPP Death Watch)

Has Act leader David Seymour got the easiest job in the world, or what? Roll out of bed, turn on the radio and hmm…there do seem to be a lot of problems out there in the world. Must think of something. And so it came to pass that this morning, David Seymour took up his sword and shield to fight for a world that’s about to be denied the rich and vibrant beauty of tobacco advertising. More>>

ALSO:

.


RECENT TPP MEETING:

Professor Ian Shirley: The Budget That Failed Auckland

The 2016 budget offered Auckland nothing in the way of vision or hope and it continued the National Government’s threats against the Auckland Council. Threatening the Council with over-riding its democratic processes if it fails to release land for housing is a bullying tactic aimed at diverting attention away from the fundamental problems with housing in the region. More>>

ALSO:

PM's Post Cab Presser: Budgets, Trusts And Pacific Diplomacy

Today Prime Minister John Key summarised last week’s budget and provided further detail about his upcoming trip to Fiji. He said that there has been “plenty going on” in the last couple of weeks and emphasised the need for Auckland council to facilitate more housing supply. More>>

ALSO:

Max Rashbrooke: A Failure Of Measurement: Inside The Budget Lock-Up

Shortly after the embargo lifted at 2pm news organisations started filing reports claiming that health, and to a lesser extent housing and education, were the ‘big winners’ out of the Budget. It failed to take into account the fact that in most cases the apparent increases were in fact cuts. Because of the twin effects of inflation and population. More>>

ALSO:

DOCtored Figures: Minister Clarifies DOC Budget

“Commentators have overlooked the fact $20.7m of that perceived shortfall is new funding for Battle for our Birds 2016, provided for in last week’s Budget...” DOC also has approval in principle to carry over a further $20m to 16/17 due to unexpected delays in a number of projects. More>>

ALSO:

For The Birds: Gordon Campbell On The Budget

Budgies, so their Wikipedia page says, are popular pets around the world due to their small size, low cost, and ability to mimic human speech. Which is a reasonably good description of Finance Minister Bill English eighth Budget. . More>>

Max Rashbrooke On The 2016 Budget

The best label for this year’s announcement by Bill English might be the ‘Bare Minimum Budget’. It does the bare minimum to defuse potential political damage in a range of areas – homelessness and health are prime among them – but almost nothing to address the country’s most deep-rooted, systemic social problems. Indeed the Budget hints that these problems may get worse. More>>

ALSO:

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news