community A sense of great pride in the role we play in our community • Have a sponsorship programme that supports our local region vision • Make opportunities for our people to volunteer in our community • Provide access for the community to the <strong>Port</strong> • Deliver external communications that inform and engage
community governance highlights Some of our sponsorships include: Sports: FC <strong>Nelson</strong>, multi-sports events PNL Blokes Day Out and PNL Kauri Kids, Beach Volleyball, <strong>Port</strong> <strong>Nelson</strong> Street Races Community: Richmond Santa Parade, <strong>Nelson</strong> Film Society, Blessing of the Fleet Charitable: Life Education Trust, Lions International, Relay for Life, Fifeshire Foundation Business: <strong>Nelson</strong> Tasman Chamber of Commerce Cornerstone Sponsorship and Business Awards, <strong>Port</strong> <strong>Nelson</strong> Fisherman’s Association, Sealord Marine Rescue Centre. supPORTing our region Whether it’s buying petrol, eating seafood, picking fruit or sitting on the lawn enjoying summer jazz, <strong>Port</strong> <strong>Nelson</strong> touches the lives of most people in the <strong>Nelson</strong> region most days. The <strong>Port</strong> Company is the region’s gateway to the world, and its role in the region’s export-led economy is vital. <strong>Nelson</strong>’s exports provide jobs in forestry and wood processing, fishing and aquaculture, orchards and coolstores and in the research and marketing associated with these key industries. <strong>Port</strong> <strong>Nelson</strong> is also active at a lesser level in tourism, and this year led an initiative to market <strong>Nelson</strong> offshore to the lucrative luxury yacht sector. We are also privileged and proud to be able to support a range of groups and projects, and maintained our spend of $150,000 on sponsorships this year. This is particularly noteworthy, and very much appreciated by the organisations we support, given that the current tough economic climate has seen many other businesses slashing their sponsorship budgets. We aim to cover a spectrum with this funding, setting a balance between sports, charitable groups, community projects and the business sector. We broadened our focus on support for youth catchments of major winter codes by continuing as the major sponsor of the Tasman Makos’ Rugby Academy, and picking up a three-year commitment as a cornerstone sponsor of FC <strong>Nelson</strong>. This support has supplied equipment and kept participation free for after-school weekday football. At the other end of the age spectrum, we backed the South Island Masters Games held in <strong>Nelson</strong> in October. Our support for the Summer Sea Swim Series is now in its sixth year and has been key to the growth in participation and status of these events. In line with our own environmental endeavours, we continued to support the Sustainable Business Network, and picked up local support of Paper4trees, an initiative that encourages children to recycle paper through providing green bins for classrooms, with native trees for school grounds as a reward. This year’s proceeds from our <strong>Nelson</strong> <strong>Port</strong> and Transport Industry Charity Golf Tournament went to the Jack Inglis Friendship Hospital in Motueka. The Finance and Risk Committee and the Remuneration Committee met as required by their respective Terms of Reference and have been effective in dealing with matters that may not warrant full Board attention. Both committees report to the Board. director changes Mr Patterson and Mr Lough both retired by rotation and were reappointed for a further three years in September 2011. board and sub commit tee composition as at 30 june <strong>2012</strong> Board Nick Patterson (Chair) Phil Lough (Deputy Chair) Tim King (Director) Paul Le Gros (Director) Bronwyn Monopoli (Director) Peter Schuyt (Director) Finance and Risk Committee Peter Schuyt (Chair) Bronwyn Monopoli (Director) Tim King (Director) Remuneration Committee Nick Patterson (Chair) Paul Le Gros (Director) Meeting attendance Phil Lough (Director) Meeting type Board Finance & Risk Remuneration Meetings held 12 4 2 T King 11 3 - P Le Gros 12 - 2 P Lough 10 - 2 B Monopoli 11 4 - N Patterson 12 - 2 P Schuyt 11 4 - further governance matters <strong>Port</strong> <strong>Nelson</strong> operates under <strong>Port</strong> <strong>Nelson</strong>’s Corporate Governance Code of Practice. The Code specifies matters such as: • Ethical Standards • Role of the Board • Composition and Performance of the Board • Directors (duties and responsibilities) • Committees of the Board • Finance and Risk • Role of the Chairperson • Role of the CEO • Shareholder Relations and Statement of Corporate Intent • <strong>Report</strong>ing and Disclosure. Both sub-committees have undertaken a review of their respective terms of reference in the last 12 months. The full Board has also undertaken a self review in the period. The <strong>Port</strong> <strong>Nelson</strong> subcommittees and full Board have been active in reviewing <strong>Port</strong> <strong>Nelson</strong> policies and amending where deemed appropriate. The Board continuously monitors for conflicts of interest. 9
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