Dear members,

This communication provides notice of three important membership updates;

  1.  Nominations for the Member Director (Financial Planning/ Investment) open now
  2.  Call for Items of Business for the AGM
  3.  Early notice of AGM date and location

As a valued member, I would like to make you aware of a number of opportunities to be involved in the governance of Financial Advice NZ, including an opportunity to become a Board member.

  1.  Nominations to the Board – Member Director Financial Planning/ Investment

On behalf of the Board of Directors I would like to announce the opening of nominations for a Member Director (Financial Planning/ Investment) vacancy on the Financial Advice New Zealand Board.

This opportunity is a rewarding way to give back to the sector and helps set the direction of Financial Advice NZ as it works to support members during this early phase of the new legislation and regulation regime. This is a paid position.

Nominations for the Board Member Director (Financial Planning/ Investment) open today, Tuesday 5th July, and close on Monday 1st August 2022.

Who can be nominated?

As per Clause 13.2 and 13.3 of the Financial Advice New Zealand Constitution, the Board calls for nominations to fill the vacancy for the Financial Planning/ Investment MEMBER DIRECTOR position, subject to the eligibility criteria below. As per Clause 14.2:

An individual is eligible to be a Member Director if he or she:

(a) is, and has, for at least the two years immediately preceding his or her appointment, been

an Adviser Member, a FAP Member, a Life Member and/or a Member Representative of a

FAP Member;

(b) has substantive experience in the Advice Area or Areas called for by the Board;

(c) satisfies other criteria set by the Board; and

(d) is in good standing with Financial Advice NZ.

Member Board Vacancy

As per Clause 17.1 of the Constitution, the Board of Financial Advice New Zealand has reviewed the composition of the Board, as prescribed in clause 13, and has determined that the current number of Member Directors and Independent Directors continues to meet the needs of the Association. After this consideration the Board do not recommend changes to the number of directors of the Association at the Annual General Meeting.

As per Clause 16.3 which requires one Member Director to retire in rotation, Member Director Stephen O’Connor shall retire as at the date of the 2022 Annual General Meeting, therefore there is ONE MEMBER DIRECTOR VACANCY.

The current Member Director Stephen O’Connor has indicated to the Board that he does not intend to seek re-election.

Board Nomination and Voting Process

As per clauses 14.3, Governance Rule 4 states the nomination process for Member Director vacancies and the voting process.

Tuesday 5 July 2022                Nominations for Member Director (Financial Planning/Investment) opens

Monday 1 August 2022          Nominations for Member Director (Financial Planning/Investment) closes

Monday 8 August 2022          Email to all members inviting them to vote for their preferred candidate for  Director – voting opens

Sunday 4 September 2022    Voting closes

Monday 5 September 2022  Election results announced at the AGM

Nomination forms (including Board Member Competency Guide) can be requested in confidence from the CEO Katrina Shanks. Email: Katrinas@financialadvice.nz. All nominations are to be sent to Katrina Shanks.

  1.   AGM Call for Items of Business

As per the Constitution 24.2 and the Member Meeting Rule 3.3, I invite members to send me any Items of Business (including explanatory notes) they would like addressed at the AGM. Email: Katrinas@financialadvice.nz

Monday 5th July            Call for Items of Business opens

Monday 1st August       Items of Business to be with the CEO

  1.  Financial Advice New Zealand Annual General Meeting

In addition, I wish to advise that the fifth Financial Advice New Zealand AGM will be held at Te Pae Convention Centre, 188 Oxford Terrace, Christchurch Central City, Christchurch on Monday 5 September at 3pm.

A formal notification of the AGM will be provided with a call for items of business within four weeks of the AGM as per the constitution clause 23.5.

If you have any queries please do not hesitate to contact me directly at Katrinas@financialadvice.nz or ph. 021 474 010.

 

Kind regards

Katrina Shanks

Financial Advice New Zealand CEO

 

Note: Reference to clauses in this Notice refer to clauses in the Constitution of Financial Advice New Zealand dated 15 November 2021