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- Release Date: 06/12/13 14:03
- Summary: GENERAL: AIA: AIAL recognised for excellence in corporate governance
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AIA
06/12/2013 12:03
GENERAL
REL: 1203 HRS Auckland International Airport Limited
GENERAL: AIA: AIAL recognised for excellence in corporate governance
Auckland Airport has been recognised for excellence in corporate governance
in the Deloitte/Management Magazine Top 200 Award ceremony in Auckland on 28
November. The Chair of the board of directors of Auckland Airport, Sir Henry
van der Heyden, said, "The board is delighted to have been recognised for
excellence in corporate governance. This award has been achieved through the
focus of successive boards and board leadership on developing corporate
governance standards in the company's strategic leadership."
"The board of Auckland Airport is focused on representing the interests of
the company and growing shareholder value by providing our management team
with independent, informed support and advice in relation to strategy and
operational direction and monitoring the performance of our chief executive
and his senior managers in executing the company's strategy. We are also
committed to the development of the next generation of directors and took
part as a foundation participant in the Future Directors programme
established last year."
Sir Henry went on to say that, "The board of Auckland Airport does not
consider that corporate governance is a static situation. We are continually
seeking to improve. We think that it is crucial to bring fresh ideas and
independence into our board room whilst also maintaining strong levels of
industry and company specific knowledge. The board has therefore decided to
adopt as its policy that directors shall serve for a maximum of up to nine
years before being considered as a non-independent director whose re-election
would not be supported by the board in the usual course. The board wishes to
keep the flexibility for it to ask a director to contribute for longer than
nine years if, in special circumstances, it is in the company's interests.
Whilst the election of directors is a matter for our shareholders each year,
the board considers that this policy enables it to maintain the balance
between institutional knowledge and independence that is required of any
leading board and sets in place a proactive approach to director succession
planning. This change will help the board to continue to lead the company
through its next phase of growth in engaging with the emerging travel markets
of Asia and in delivering its 30 year vision for the airport."
Ends
For further information, please contact:
Simon Lambourne
+64 9 255 9089
+64 27 477 6120
[email protected]
End CA:00244845 For:AIA Type:GENERAL Time:2013-12-06 12:03:42
