Annual Report for the year ended 30 June 2008
ADDITIONAL DISCLOSURES
DIRECTIONS ISSUED BY THE MINISTER
The Panel has not been given any directions under any enactment by the Minister of Commerce during the course of the past year. Because the Panel is an independent Crown entity for the purposes of the Crown Entities Act the Minister is constrained in her ability to give the Panel any formal directions.
OBLIGATIONS TO BE A GOOD EMPLOYER
Between 2000 and 2008 all professional and support staff working for the Panel have been employees of the Securities Commission. Readers are therefore referred to the Annual Report of the Commission for reference to how the Commission, as employer of Panel staff, has met its good employer obligations. The Panel has now decided to employ its own staff and has appointed a Chief Executive Officer, a General Counsel and a senior lawyer. Other staff appointments will be made shortly. The Panel will establish its own programme to be a good employer.
PERMISSION TO ACT WHEN INTERESTED
There were no occasions during the year when the Chairman of the Panel gave permission
to a Member, in terms of section 68(6) of the Crown Entities Act, to act in a matter
despite being interested in that matter.
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