Page 9 - NZPM Annual Report 2020

The annual ‘Young Plumber of the Year’ competition continues

to be a highlight for both the company and entrants with
generous support from sponsors and industry bodies.

The board recently completed a comprehensive review Two candidates were selected for the NZPM Future
of its composition and structure and its operational Governance Programme for 2019/2020. Sam Tyson
governance process with support from Westlake from New Plymouth and Dave Morgan from Hamilton
Governance. We were pleased to receive very positive have attended board and committee meetings as
feedback and recommendations from principal Richard well as undertaking governance training with the
Westlake, and this will help guide us along our pathway Institute of Directors, and one-on-one mentoring with
of continuous governance improvement. The board an independent professional director to support their
has agreed its composition should continue with our development. The company agreed to extend their
current number of five elected directors, however, with tenure from eight to twelve months to include the
only one appointed director (Kathy Meads). Incumbent current period of unprecedented social and economic
appointed director, Ngaire Mansfield, will conclude uncertainty. The directors believe that the programme,
her term at this years’ annual meeting. The board will established in 2017, continues to serve its goal of helping
continue to monitor our ongoing capability to ensure to foster future elected director capability from our
the co-operative is provided with sound governance ordinary shareholder membership pool. The board
over the forthcoming years with the capacity to add have sought applications for the programme for the
a second appointed director should specialist skills coming year.
be required.

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NZPM GROUP LIMITED ANNUAL REPORT 2020