CORPORATE GOVERNANCE Continued
RECOGNISING THE LEGITIMATE INTERESTS OF VECTOR’S STAKEHOLDERS Vector’s commitments to its various stakeholders are part of the board charter and the company’s Code of Conduct and Ethics. Vector’s Stakeholder Relations Policy is published on Vector’s website. The board monitors compliance with the Stakeholder Relations Policy. MAKING TIMELY AND BALANCED DISCLOSURE Vector has in place a Continuous Disclosure Policy designed to ensure that it complies with NZX Limited’s Main Board Listing Rules. Vector ensures that public information about the company is readily accessible to all stakeholders. The company maintains an up- to-date website containing a comprehensive range of information. Vector issues quarterly reports on its operational performance and conducts detailed market briefings in conjunction with the release of its annual and interim financial results.
Information presented at these briefings, and public announcements made at other times, are published on the NZX website. In addition, they are made available on Vector’s website following their NZX release. Vector’s interim and annual company reports are now viewed primarily online, but shareholders are entitled to have hard copies of both documents, and can request them by contacting the company. If you have any questions or would like to request a copy of the Annual or Interim Report, please email investor@vector.co.nz or phone +64 9 978 7788.
Vector has continued to focus on maturing and
• Refreshing and continuously improving business continuity and crisis management design, training and testing, and benchmarking our consistency of approach to ensure we meet our obligations as an essential services provider. Corporate governance is assured through the regular measurement and reporting of our risk management performance
enhancing its Enterprise Risk Management Framework by improving the consistency of risk management approaches and behaviours within the business while improving design elements. The following features have been enhanced over the past year: • Refreshed approach to risk and fraud control training across the organisation using a range of training and educational tools and practices including the development of e-learning modules. • Continued development of our cyber security risk capability with the appointment of a Group Manager Cybersecurity and Data Privacy responsible for delivering enhanced governance, risk management and education and awareness in relation to cybersecurity and data privacy.
and assurance activities to the board’s risk and assurance committee.
RECOGNISING AND MANAGING RISK Vector is committed to ensuring that our risk management and
assurance processes support organisational performance and are embedded within our business to drive consistent, effective and accountable
decision-making and management practice.
TABLE OF ATTENDANCE Attendance records of board and committee meetings for the year ended 30 June 2017 are provided in the table below.
RISK AND ASSURANCE COMMITTEE
AUDIT COMMITTEE
REMUNERATION COMMITTEE
REGULATORY COMMITTEE
NOMINATIONS COMMITTEE
SUSTAINABILITY COMMITTEE
FULL BOARD
AGM
10
7
5
4
3
1
2
1
TOTAL MEETINGS
M Stiassny (chair)
10
5
5
4
1
1
1
1
1 †
2 †
1
–
–
–
P Bird*
2
1 †
2
1
J Carmichael
10
7
5
4
3
1 †
4 †
3 †
1
2
1
H Fletcher
10
7
4 †
3
–
2
1
J Mason
10
7
5
4 †
1
2
1
A Paterson
10
7
5
4
3 †
2
1
K Sherry
10
7
5
4
2
1 †
3
1 †
2
1
B Thomson
9
6
4
4 †
† Director attending the committee meeting who is not a member of the committee. * Peter Bird ceased to be a director on 29 September 2016.
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Vector://AR 17
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