✨ Ports of Auckland Limited Rules
22 OCTOBER 2004 NEW ZEALAND GAZETTE, No. 135 3343
However, a Director is not Interested in a matter if his or her Interest is so remote or insignificant that it cannot reasonably be regarded as likely to influence him or her in carrying out his or her responsibilities under these Rules, the Act or any other enactment.
- Directors’ remuneration and other benefits
10.1 Remuneration and benefits
The Board may, subject to the prior written approval of the ARC, authorise:
(a) the payment by ARH of remuneration or the provision of other benefits (including reimbursement of reasonable travel, accommodation and other expenses incurred by the Director relating to the Director’s attendance at meetings or otherwise relating to the activities of ARH) by ARH to a Director for services as a Director (but not in any other capacity); or
(b) the entering into of any agreement by ARH to do those things.
10.2 Interests register details
The Board will ensure that forthwith after authorising the making of such payment or the provision of such benefit or the entering into of such agreement, particulars of that payment, benefit or agreement are entered in the Interests Register in relation to the relevant Director.
- Indemnity and insurance for directors and employees
11.1 Protection from liability
A Director or employee of ARH is not liable for any liability of ARH by reason only of being a Director or employee of ARH.
11.2 Indemnity – costs of proceedings
ARH may indemnify a director or employee of any ARH Group member for any costs incurred by him or her in any proceedings:
(a) that relate to liability for any act or omission in his or her capacity as a director or employee; and
(b) in which judgment is given in his or her favour, or in which he or she is acquitted or which is discontinued.
11.3 Indemnity – liability
ARH may indemnify any director or employee of any ARH Group member in respect of:
(a) liability to any person other than ARH or any ARC Group member for any act or omission in his or her capacity as a director or employee; or
(b) costs incurred by that director or employee in defending or settling any claim or proceeding relating to such liability,
not being criminal liability or liability in respect of a breach, in the case of an employee, of any fiduciary duty owed to ARH or any ARC Group member.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 135
Gazette.govt.nz —
NZ Gazette 2004, No 135
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Ports of Auckland Limited Rules
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