ANNUAL REPORT 2006

CHAIRMAN
John King
Consultant with Russell McVeagh. Chairman of the Panel since it was created in 1994 and previously of the Takeovers Panel Advisory Committee. Member of the Australian Takeovers Panel. Director of The New Zealand Guardian Trust Company Limited and former director of Telecom Corporation of New Zealand Limited and a number of other public and private companies. Vice president of the Employers & Manufacturers Association (Northern) Inc., member of the council of Business New Zealand, deputy chairman of the Spirit of Adventure Trust and a member of the Marsden Cross Trust Board.

DEPUTY CHAIRMAN
David Jones
Principal of Jones Young, barristers and solicitors, Auckland, specialising in mergers and acquisitions and corporate law. Personal adviser to the Minister of Justice on the company law reform programme 1991. Member of the Company Law Monitoring Group 1993. Lecturer in company law for the Institute of Directors. Member of the Panel from its inception as an advisory group.

MEMBERS
Denis Byrne
Brisbane-based company director. Member of the Australian Takeovers Panel since 1997. Chair of the Fisheries Research & Development Corporation, director of Australian Magnesium Corporation Limited, the Ball Solutions Group of Companies (Australia) and Birkdale Nursery Holdings Pty Limited. Member of the Starlight Children’s Foundation Advisory Board. First appointed to the New Zealand Takeovers Panel in 2001 and reappointed in 2005.

Anthony Frankham
Auckland-based independent professional director and investigating accountant. Director of Auckland International Airport Limited and ProCare Health Limited. Director and chairman of New Zealand Experience Limited. Chairman of the Audit Office's New Zealand audit and risk management committee and member of the UNITEC audit and risk committee. Consultant to Grant Thornton. Life Member of the Institute of Chartered Accountants. Former member of the Securities Commission. Appointed to the Panel in 2002.

Colin Giffney
Principal of Giffney & Jones, specialist corporate advisers. NZX advisor and a founding member of the Market Surveillance Panel. Appointed to the Takeovers Panel in 2001.

Alastair Lawrence
Auckland-based investment banker. Principal of Antipodes, a private investment bank which provides specialist mergers and acquisitions advice, in addition to private equity for emerging New Zealand companies. Director of Landcare Research, and a number of private companies. Member of the Panel since 1994.

Kevin O’Connor
Wellington company director. Director of Utilico Emerging Markets Limited, and a range of private companies and charitable organisations. Former chairman of the Market Surveillance Panel of the New Zealand Stock Exchange. Member of the Panel since 1994.

David Quigg
Partner of Quigg Partners, barristers and solicitors of Wellington, specialising in mergers and acquisitions, takeovers and corporate law. Lecturer in takeovers and mergers and acquisitions law for the Institute of Directors. Member of the Wellington committee of the Institute of Directors. Appointed to the Panel in 2001.

Daphne Rawstorne
Wellington-based accountant, former managing partner of Deloitte, and fellow of the Institute of Directors. Company director and business consultant. Member of the Panel since 1999.

Sue Suckling
South Island company director and business consultant. Chair of the National Institute of Water & Atmospheric Research, New Zealand Qualifications Authority, Baker Fruit Processors Limited, Carsons (SI) Limited, The Oxford Clinic Limited, HSR Governance Limited, and a director of Restaurant Brands Limited. Appointed to the Panel in 2002.