NEW ZEALAND GAZETTE

No. 185

1. INTERPRETATION................................................................................................................. 4674
   1.1 DEFINITIONS .............................................................................................................. 4674
   1.2 CONSTRUCTION ......................................................................................................... 4675

2. COMPLIANCE & AMENDMENT.......................................................................................... 4677
   2.1 SUBJECT TO LEGISLATION .......................................................................................... 4677
   2.2 COMPLIANCE ............................................................................................................. 4677
   2.3 ARH CONTROLLED ORGANISATIONS - CONSTITUTIONS ............................................... 4677
   2.4 EFFECTIVE DATE ........................................................................................................ 4677
   2.5 POLICIES OF ARH ...................................................................................................... 4678
   2.6 AMENDMENT .............................................................................................................. 4678

3. RESTRICTED TRANSACTIONS............................................................................................ 4678
   3.1 RESTRICTED TRANSACTION ........................................................................................ 4678
   3.2 GENERAL EXCLUSION ................................................................................................. 4678
   3.3 PORTS OF AUCKLAND – SHARE DISPOSAL ................................................................... 4678
   3.4 PORTS OF AUCKLAND – SHAREHOLDER APPROVALS.................................................... 4679
   3.5 PORTS OF AUCKLAND - NOMINEE DIRECTORS ............................................................. 4679

4. APPOINTMENT & REMOVAL OF DIRECTORS................................................................. 4679
   4.1 NUMBER .................................................................................................................... 4679
   4.2 APPOINTMENT & REMOVAL ......................................................................................... 4679
   4.3 VALIDITY OF APPOINTMENT ......................................................................................... 4679
   4.4 PERSONS DISQUALIFIED AS DIRECTORS ...................................................................... 4679
   4.5 REQUIREMENT BEFORE APPOINTMENT ........................................................................ 4680
   4.6 VACATION OF OFFICE ................................................................................................. 4680
   4.7 RESIGNATION OF DIRECTORS ..................................................................................... 4680
   4.8 NO COMPENSATION FOR LOSS OF OFFICE ................................................................... 4680
   4.9 NO ALTERNATE DIRECTORS ....................................................................................... 4680

5. LONG TERM FUNDING PLAN............................................................................................ 4681

6. DELEGATION OF POWERS.................................................................................................. 4681
   6.1 GENERAL AUTHORITY ................................................................................................. 4681
   6.2 RESTRICTIONS ........................................................................................................... 4681
   6.3 DELEGATES ............................................................................................................... 4681
   6.4 EFFECT ..................................................................................................................... 4681
   6.5 REVOCATION ............................................................................................................. 4682
   6.6 DISCLOSURE OF INTEREST.......................................................................................... 4682

7. DIRECTORS’ DUTIES.......................................................................................................... 4682
   7.1 ACCOUNTABILITY........................................................................................................ 4682
   7.2 COLLECTIVE DUTIES OF THE BOARD............................................................................ 4682
   7.3 INDIVIDUAL DUTIES OF DIRECTORS ............................................................................. 4682
   7.4 RELIANCE ON INFORMATION & ADVICE ........................................................................ 4683
   7.5 COLLABORATION & CO-OPERATION............................................................................. 4683
   7.6 PERFORMANCE REVIEW ............................................................................................. 4684

8. PROCEEDINGS OF THE BOARD....................................................................................... 4684
   8.1 METHODS OF HOLDING MEETINGS .............................................................................. 4684
   8.2 NOTICE OF MEETING .................................................................................................. 4684
   8.3 WAIVER OF IRREGULARITY .......................................................................................... 4684
   8.4 MINUTES ................................................................................................................... 4684
   8.5 QUORUM ................................................................................................................... 4684
   8.6 INSUFFICIENT NUMBER OF DIRECTORS ........................................................................ 4685
   8.7 CHAIRPERSON & DEPUTY CHAIRPERSON .................................................................... 4685
   8.8 TERM OF APPOINTMENT ............................................................................................. 4685
   8.9 VOTES ....................................................................................................................... 4685
   8.10 RESOLUTIONS IN WRITING .......................................................................................... 4685
   8.11 COMMITTEES ............................................................................................................. 4686
   8.12 OTHER PROCEDURES ................................................................................................. 4686
   8.13 VALIDITY OF ACTS ...................................................................................................... 4686