Parliament

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

Gordon Campbell: On The Ch-Ch-Changes At IRD

job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation, which seems to work rather like a secular version of the Rapture.

Except that at IRD, not even your shoes will be left behind. More>>

 

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

Gordon Campbell: On Being Humane About Welfare, Child Support, And Tax

It made for an unusual Venn diagram, but Greens co-leader Metiria Turei and Finance Minister Steven Joyce were briefly sharing some common elements this week in the set that says – hey, don’t use the powers of the state in ways guaranteed to make the system you’re trying to defend worse, not better. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election