Bougainville Copper Director Appointment - Sir Rabbie Namilu Wed, 9 Mar 2011 11:22:00 +1000 6 hours, 41 minutes ago Press Release 9 March 2011 BCL adds national and global experience to its board of directors Former Prime Minister of Papua New Guinea Sir Rabbie Namaliu GCL CSM KCMG has been appointed a director on the board of Bougainville Copper Limited. Among his duties as a non-executive director, Sir Rabbie will become a member of the company’s audit committee, which under the Australian Securities Exchange rules, has responsibility for governance and the rights of shareholders. BCL Chairman Peter Taylor said the company was delighted by Sir Rabbie’s acceptance of the invitation to join the board.
“The former Prime Minister is a distinguished statesman and a committed Papua New Guinean, with ministerial experience in Foreign Affairs and Trade, Treasury, Primary Industry, Petroleum and Energy and other areas of government responsibility. “He holds directorships of several other Papua New Guinea companies, and is a member of the PNG Institute of Directors. “We welcome the addition of his experience and judgement to the decision-making processes of BCL, at a time of great challenge and opportunity,” Mr Taylor said.
It is expected that Sir Rabbie’s appointment will be endorsed by shareholders at the company’s Annual General Meeting in April. Subject to election by shareholders at the AGM, directors normally serve for a term of three years, after which they can offer themselves for re-election. Sir Rabbie’s CV notes that he is a non-executive director of Marengo Mining Limited, a non-executive director of Kina Securities Limited, and Chairman of the publicly listed investment company Kina Asset Management Limited.
In February last year he was appointed Chairman of Kramer Ausenco, a new joint venture of PNG engineering company Kramer (PNG) Limited and Ausenco of Australia. Prime Minister between 1988 and 1992, Sir Rabbie Namaliu was also Speaker of the National Parliament between 1994 and 1997. By Order of the Board Paul Coleman Company Secretary. Quelle wotnews.com |