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

2040 Target And Lower Standards: “Swimmable” Rivers Five Times More Likely To Make You Sick

Forest & Bird has condemned the government’s new water quality standards, warning New Zealanders that they lock in current levels of water pollution and allow for a 5-fold increase in the chance of getting sick from swimming in a river.

“Despite an explicit assurance from Minister Smith that the new water standards would provide for human and ecosystem health, he has failed to deliver on either of these things,” says Forest & Bird CEO Kevin Hague. More>>

 
 

Immigration: Clampdown On Rogue Employers Good First Step

The Human Trafficking Research Coalition is pleased at the new clampdown on rouge employers who exploit migrants announced by Minister Woodhouse this morning, and believes this is a step in the right direction. More>>

ALSO:

Mayor: 750 New Social And Affordable Homes For Wellington (Over A Decade)

The next stage of Wellington’s Housing Upgrade Programme will see at least 750 new units of social and affordable housing built over the next decade, Mayor Justin Lester has announced. More>>

ALSO:

22/2: Christchurch Quake Memorial Unveiled

A city, a region, a nation and an international community impacted by the Canterbury Earthquakes will come together to mark the sixth anniversary of the deadly quake and dedicate Oi Manawa Canterbury Earthquake National Memorial. More>>

ALSO:


November Quakes:

Gordon Campbell: On The Mana-Maori Party Deal

If the self-interest involved wasn’t so blatant, the electorate deal between the Maori Party and Hone Harawira would be kind of poignant. It’s a bit like seeing the remaining members of Guns’n’Roses or the Eagles back on the road touring the nostalgia circuit… playing all the old hits of Maori unity and kaupapa Maori politics. More>>

ALSO:

Private Provision: First Social Bond To Focus On Mental Health

New Zealand’s first social bond will help around 1700 people with mental illness into work, Finance Minister Steven Joyce and Social Investment Minister Amy Adams say. More>>

ALSO:

Immigration: Short Reprieve For Nine Indian Students

A temporary hold on deportations of nine Indian students is a step in the right direction but the Government urgently needs to implement safeguards to stop further injustices to more international students, the Green Party says. More>>

EARLIER:


Megaupload Case: High Court Rules Dotcom, Co-Accused Eligible For Extradion

Internet entrepreneur Kim Dotcom and his three co-accused are eligible for extradition to the United States, New Zealand's High Court ruled... Justice Murray Gilbert upheld a decision by the District Court that there were grounds for Dotcom, Mathias Ortmann, Bram van der Kolk and Finn Batato to be extradited. More>>

ALSO:

PREVIOUSLY:

Port Hills Fire: Midday Update, Monday 20 February

• 9 homes destroyed
• 2 homes with partial damage. Damage includes things like cracked windows, heat damage.
• 3 properties with damage to other external structures e.g sheds or outbuildings More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news