✨ Auckland Regional Holdings Rules
4686 NEW ZEALAND GAZETTE, No. 185 7 NOVEMBER 2005
8.11 Committees
The Board may (by resolution) appoint a committee of Directors to exercise any of ARH’s functions or powers delegated to that committee by the Board. The Board will appoint a chairperson of each committee of Directors.
The Board will appoint an assurance and risk committee of Directors. The principal function of the assurance and risk committee will be to assist the Board in producing accurate financial statements in compliance with all applicable legal requirements and accounting standards. The Board will prepare terms of reference for the assurance and risk committee (and any other committee) and will provide, on request, a copy of such terms of reference to the ARC.
8.12 Other Procedures
Except as set out in these Rules, the Act or any other enactment, the Board or the relevant committee (as the case may be) may regulate its own procedure.
8.13 Validity of Acts
All acts done by any meeting of the Board or of a committee of Directors or by any person acting as a Director are valid notwithstanding:
(a) any defect in the appointment of any Director or person acting as a Director;
(b) that they or any of them were disqualified;
(c) that the occasion for the person acting, or for his or her appointment, had not arisen or had ended; or
(d) any irregularity in a notice of meeting.
9. Directors’ Interests
9.1 Disclosure of Interests
A Director will, on the creation of any Interest or immediately after becoming aware of such Interest, disclose details of the Interest to the Board and to the ARC. The details that must be disclosed include:
(a) the nature of the Interest and the monetary value of the Interest (if the monetary value can be quantified);
(b) the nature and extent of the Interest (if the monetary value cannot be quantified).
9.2 General Disclosure
For the purposes of rule 9.1, a general notice entered in the Interests Register and disclosed to the Board and to the ARC to the effect that a Director is a shareholder, director, officer or trustee of another named organisation or other person and is to be regarded as interested in any matter which may, after the date of the entry or disclosure, be entered into with that organisation or person, is a sufficient disclosure of Interest in relation to that matter.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 185
Gazette.govt.nz —
NZ Gazette 2005, No 185
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Rules of Auckland Regional Holdings
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🏘️ Provincial & Local Government26 September 2005
Rules, Auckland Regional Holdings, Local Government, Long Term Funding Plan, Delegation of Powers, Reliance on Information, Collaboration & Co-operation