✨ Ports of Auckland Limited Rules
3344 NEW ZEALAND GAZETTE, No. 135 22 OCTOBER 2004
11.4 Insurance
ARH may, in the absence of relevant insurance cover arranged by the ARC, effect insurance for any director or employee of an ARH Group member (or any employee of the ARC seconded to an ARH Group member or undertaking activities on behalf of an ARH Group member) in respect of:
(a) liability, not being criminal liability, for any act or omission in his or her capacity as a director or employee;
(b) costs incurred by that director or employee in defending or settling any claim or proceeding relating to any such liability;
(c) costs incurred by that director or employee in defending any criminal proceedings:
(i) that have been brought against the director or employee in relation to any act or omission in his or her capacity as a director or employee; and
(ii) in which he or she is acquitted.
11.5 Certificate and interests register
The Directors who vote in favour of authorising the effecting of insurance under rule 11.4 must sign a certificate stating that, in their opinion, the cost of effecting the insurance is fair to ARH.
The Board will ensure that particulars of any indemnity given to, or insurance effected for, any director or employee of any ARH Group member are forthwith entered in the Interests Register.
11.6 Definitions
In this rule 11:
"director" includes a former director;
"effect insurance" includes paying, whether directly or indirectly, the costs of insurance;
"employee" includes a former employee; and
"indemnify" includes relieve or excuse from liability, whether before or after the liability arises, and "indemnity" has a corresponding meaning.
12. Interests register
The Board will maintain an Interests Register. The Interests Register will be held by ARH at its principal office. The Interests Register will not be open to public inspection but may be used by ARC at any time in relation to:
(a) ensuring compliance with any enactment, these Rules or any policy or procedure of any ARC Group member; and
(b) any allegation of insider trading made against any member of the ARC Group or any director or any employee of any such 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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