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Media Release from the Minister of Commerce
Hon Pete Hodgson
26 January 2005
Commerce Minister Pete Hodgson today announced the re-appointment of John King as Chair of the Takeovers Panel.
"Prior to my taking over the Commerce portfolio, former Minister of Commerce, Margaret Wilson completed the re-appointment process for Mr King for a further two years. I have full confidence in that appointment and know that John King will continue to lead the Panel with considerable skill and expertise", Pete Hodgson said.
John King is a barrister and solicitor of the High Court and a consultant to, and former senior partner of, Russell McVeagh. He specialised in corporate and commercial law and has extensive experience of securities issues. As a corporate lawyer and company director Mr King has been involved in the New Zealand business world for over 30 years. Since December 2001 Mr King has been the New Zealand member of the Australian Takeovers Panel.
Christian Judge, press secretary, 04 471 9707 / 021 670 349
The Takeovers Panel is established by the Takeovers Act 1993 (the Act). It is responsible for carrying out enforcement functions under the Act and administering the Takeovers Code that was activated on 1 July 2001. The Panel's functions include:
Under section 6 of the Act, the Panel is required to consist of between five and eleven members appointed by the Minister of Commerce. The Minister appoints one member as the Chair and another as the Deputy Chair. At least one member of the Panel must be a barrister or solicitor of the High Court of not less than seven years' experience. Members must, in the opinion of the Minister, be qualified or experienced in business, law or accounting. Members can be appointed for a term not exceeding five years and are able to be re-appointed.
Membership of the Panel
|David Jones||Deputy Chair|
|Denis Byrne||Australian Member|
For further information on the Takeovers Panel see www.takeovers.govt.nz