FPH
15/10/2014 08:30
GENERAL
REL: 0830 HRS Fisher & Paykel Healthcare Corporation Limited
GENERAL: FPH: FPH Supports Future Directors Initiative
FISHER & PAYKEL HEALTHCARE SUPPORTS FUTURE DIRECTORS INITIATIVE
Auckland, New Zealand, 15 October 2014 - Fisher & Paykel Healthcare
Corporation Limited announced today that it is supporting the Future
Directors initiative, with the appointment of an aspiring director, Franceska
Banga, as an observer of Fisher & Paykel Healthcare Board meetings. Ms Banga
is Chief Executive of the NZ Venture Investment Fund.
The Future Directors initiative is run by the Institute of Directors and was
founded by Sir Stephen Tindall, Des Hunt (NZSA), and Michael Stiassny
(Vector/Korda Mentha/IoD) in 2013. The initiative seeks to give young,
talented executives the opportunity to observe and participate on a company
board for a 12 month period while giving the company exposure to this talent
and the benefits a younger mind can bring to the boardroom. Appointees are
required to commit to confidentiality, insider trading and other relevant
policies and protocols designed to ensure that they are not deemed to be
directors. Amongst other things this will mean that, although Ms Banga will
be able to participate in discussion around the board table, she will not
participate in decision making.
Tony Carter, the Chairman of Fisher & Paykel Healthcare said that "we are
committed to the Future Directors initiative because we strongly believe in
developing the next generation of public company directors and helping to
address the experience gap faced by skilled younger professionals who are
seeking to move into senior corporate governance roles."
"We believe diversity allows us to benefit from a range of different
perspectives and that Franceska's business skills and insights will be of
real value to our Board discussions" said Mr Carter.
Ms Banga will not be appointed as a director of Fisher & Paykel Healthcare
following the completion of her participation in the Future Directors
initiative.
Ms Banga was excited by the opportunity to observe and participate in
Boardroom discussions particularly given the international aspects of the
Fisher & Paykel Healthcare business. Ms Banga said "I am very much looking
forward to this experience and am very grateful to Fisher & Paykel Healthcare
and my current employer, the NZ Venture Investment Fund, for providing me
with this opportunity to develop my governance skills."
About Fisher & Paykel Healthcare
Fisher & Paykel Healthcare is a leading designer, manufacturer and marketer
of products and systems for use in respiratory care, acute care and the
treatment of obstructive sleep apnea. The company's products are sold in
over 120 countries worldwide. For more information about the company, visit
our website www.fphcare.com.
Contact: Marcus Driller, Investor Relations & Corporate Affairs Manager on
+64 9 574 0110
End CA:00256408 For:FPH Type:GENERAL Time:2014-10-15 08:30:05
