This communication provides notice of three important membership updates;
- Nominations for the Member Director (Financial Planning/ Investment) open now
- Call for Items of Business for the AGM
- 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.
- 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
(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.
- 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
- 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.
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