Media Release from the Minister of Commerce

Hon Lianne Dalziel

Takeovers Panel Appointment Announced

11 September 2007

Commerce Minister Lianne Dalziel today announced the re-appointment of Kevin O'Connor as a member of the Takeovers Panel from 17 September 2007 for a term of two years.

"Kevin O'Connor has made a valuable contribution to the Panel - from being part of the group that originally drafted the Code to its implementation and enforcement from 2001. His re-appointment will provide continuity in the Panel which has had three new members join it in the last year," Lianne Dalziel said.

Background information on the Takeovers Panel

The Panel is established by the Takeovers Act 1993 and is an independent Crown entity under the Crown Entities Act 2004. The Panel is responsible for carrying out enforcement functions under the Act and administering the Takeovers Code. Under section 6 of the Act the Panel consists of between five and eleven members appointed by the Governor-General on the recommendation of the responsible Minister.

For further information on the Panel refer www.takeovers.govt.nz

Contact: Elspeth (Ellie) McIntyre, Press Secretary, ph 04 471 9397 cell 021 227 9397
All Lianne Dalziel's media statements and speeches are at www.beehive.govt.nz/dalziel