SKYCITY Entertainment Group Limited - Board of Directors (2003 Annual Report)

Board of Directors

SKYCITY ’s board of directors is responsible for stewardship of the company’s assets and investments and for the effective supervision of the management of the company. The board and its committees operate under charter documents which are formally reviewed on an annual basis. In addition to its charter, the board has a comprehensive set of governance procedures in place to ensure that the interests of stakeholders are met and that the company’s corporate, community and regulatory responsibilities are fully complied with.

SKYCITY’s corporate governance framework is set out in detail in this annual report on pages 40-50 of the annual report.

The board currently comprises six non-executive directors and one executive director. The chairpersons of the board and each of the three board committees are non-executive directors, in compliance with the requirements of the board charter.

Elmar Toime and Sir Dryden Spring, current directors of the company, retire by rotation at the 2006 annual meeting and offer themselves for re-election.

During the 2005/06 year, the board (chaired by Rod McGeoch) formally met on eight occasions.

The board’s Audit and Risk Committee (chaired by Sir Dryden Spring) met five times, the Governance and Remuneration Committee (chaired by Patsy Reddy) met four times, and the Nomination Committee (chaired by Rod McGeoch) met on one occasion.

The board and the committees held a number of meetings on an as required basis to consider a range of issues and a number of additional matters were attended to by specifically convened subcommittees of the board, including the SKYCITY ACES notes issue (and prospectus) and due diligence and detailed consideration of the Taverner acquisition prospect.

	ROD McGEOCH Chairman Rod McGeoch was appointed a director in September 2002 and Chairman of the company on 1 April 2004. Based in Sydney, Australia, Mr McGeoch is a director of Telecom Corporation of New Zealand Limited, LIPA Pharmaceuticals Limited, Ramsay Health Care Limited and Frontiers Group Limited. He is chairman of Pacific Healthcare Limited, Saatchi & Saatchi’s Trans-Tasman Advisory Board and Vantage Private Equity Growth Limited. Mr McGeoch is an Australian Prime Ministerial appointment to the Australia and New Zealand Leadership Forum, a trustee of the Sydney Cricket and Sports Ground Trust and a member of the New Zealand Rugby World Cup 2011 Advisory Bid Committee.
	EVAN DAVIES Managing Director Evan Davies has been Managing Director of SKYCITY Entertainment Group since February 1996. Mr Davies is also a director of SKYCITY subsidiary companies and a director of Christchurch Casinos Limited. He is a trustee of the Anglican Trust for Women and Children and the Melanesian Mission Trust.
	PATSY REDDY Deputy Chairperson Patsy Reddy has been a director since 1994. She is Deputy Chairperson of the board and chairs the Governance and Remuneration Committee. Ms Reddy is a non-executive director of Telecom Corporation of New Zealand Limited and Active Equities Limited and is a member of NZX Discipline. She is a trustee of the New Zealand International Festival of the Arts, the Victoria University of Wellington Art Collection Trust, the SKYCITY Auckland Community Trust and a member of the Adam Art Gallery Advisory Board.
	ROB McLEOD Rob McLeod was appointed a director in October 2004. He is chairman of the New Zealand Business Roundtable and has been a councillor and member of the Executive Board of the Institute of Chartered Accountants of New Zealand. Mr McLeod is a director of a number of companies including Telecom Corporation of New Zealand Limited, ANZ National Bank Limited and Sealord Group Limited. He assumes chairmanship of the Audit and Risk Committee from 1 October 2006.
	SIR DRYDEN SPRING Sir Dryden Spring was appointed a director in October 2003. He is chairman of ANZ National Bank Limited, the Asia 2000 Foundation of New Zealand and the New Zealand APEC Business Advisory Council. He is a director of Fletcher Building Limited, Port of Tauranga Limited and Northport Limited. Sir Dryden is also a trustee of the New Zealand Business and Parliamentary Trust. He was chairman of the Audit and Risk Committee until 30 September 2006 and remains a member of the committee.
	ELMAR TOIME Elmar Toime was appointed a director in February 1996 and is a member of the Audit and Risk Committee. Mr Toime is a postal sector and management consultant and a non-executive director of Deutsche Post A.G. (Germany) and Blackbay Limited (London). Formerly chief executive officer of New Zealand Post Limited, he has been based in London since March 2003.
	BILL TROTTER Bill Trotter was appointed a director in March 2000 and is a member of the Governance and Remuneration Committee. Mr Trotter is executive chairman of First NZ Capital Group Limited.