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HBRIC Board Membership To Change
Media Release
20 December 2013
HBRIC Board Membership To Change
A change to the membership of the transition board of Hawke’s Bay Regional Investment Company Limited (HBRIC Ltd) has been made by Hawke’s Bay Regional Council.
Hawke’s Bay Regional Council has been concerned about a perception in the community that a conflict of interest might arise in having Regional Councillors appointed as Directors to HBRIC, particularly when they would be required to make significant recommendations and decisions on the Ruataniwha Water Storage Scheme (RWSS) proposal next year.
The Regional Councillors on the transition board were Crs Wilson, Scott and Dick and were required to retire within 3 months of the local government election. In June 2014 the transition board will be replaced with a permanent board.
Regional Councillors have voted to appoint the current advisors to the HBRIC Ltd Board, Ms Danelle Dinsdale and Mr David Faulkner, to replace the three Councillor Directors. Three independent Directors remained following the retirement of the Councillor Directors, and concerns about their work load increasing was the reason for the six month term of appointment for the addition two Directors.
The change in the transition board structure required the Regional Council to approve a change in the HBRIC Ltd constitution.
In addition the title but not the role of Andrew Newman with HBRIC Ltd has also changed. Mr Newman will continue to serve the HBRIC Board but as Chief Executive Officer rather than Managing Director.
Ms Danelle Dinsdale was co-opted as the commercial legal export to HBRIC Ltd’s RWSS Board committee. She is a specialist in private-public partnerships and build, own, operate and transfer (BOOT) projects and has worked some time as a partner in DLA Piper, the world’s largest law firm.
Mr David Faulkner was also co-opted to the same committee to provide expertise on large civil works engineering. He is the former Managing Director of Fulton Hogan with experience in complex engineering projects in New Zealand and Australia.
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