Change - Announcement of Appointment::Appointment of Mr Peter Hay as CFX Director

Issuer & Securities

Issuer/ Manager
COMMONWEALTH MANAGED INVESTMENTS LIMITED
Securities
COMMONWEALTA$300M5.75%C160704 - XS0641119812 - 4XMB
COMMONWEALTA$600M5.075%C140821 - XS0312868838 - 3JXB

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Jul-2014 08:18:59
Status
New
Announcement Sub Title
Appointment of Mr Peter Hay as CFX Director
Announcement Reference
SG140725OTHRFVGW
Submitted By (Co./ Ind. Name)
Michelle Brady
Designation
Company Secretary
Effective Date and Time of the event
25/07/2014 08:00:00
Description (Please provide a detailed description of the event in the box below)
The Chairman of CFX Co Limited (CFX Co) and Commonwealth Managed Investments Limited (CMIL), Mr Richard Haddock AM, today announced the appointment of Mr Peter Hay as an Independent Non-executive Director to the Boards of CFX Co and CMIL (collectively referred to as the Board) effective immediately.

Additional Details

Date Of Appointment
25/07/2014
Name Of Person
Mr Peter Hay
Age
64
Country Of Principal Residence
Australia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
As previously announced (23 April 2014) Mr Hay joins the Board with an extensive background and breadth of experience in business, corporate governance, finance and investment banking which will be invaluable as CFX continues to focus on maximising sustainable returns in both its direct portfolio and those managed on behalf of our strategic partners.
Together with my fellow Directors, I am delighted to be welcoming someone of Mr Hay s calibre to the Board. Mr Hay's background and experience will be highly complementary to the Board s existing skills in ensuring robust strategic oversight and governance of CFX is maintained.
Whether appointment is executive, and if so, the area of responsibility
Independent non-Executive Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Not applicable
Conflict of interests (including any competing business)
Not applicable
Working experience and occupation(s) during the past 10 years
Mr Hay has a strong background and breadth of experience in business, corporate governance, finance and investment banking advisory work, with a particular expertise in relation to mergers and acquisitions. Mr Hay was a partner of the legal firm Freehills until 2005, where he served as Chief Executive Officer from 2000. Mr Hay has also had significant involvement in advising governments and government-owned enterprises.
Mr Hay s current listed directorships are chairman of Newcrest Mining Limited and director of GUD Holdings Limited. Prior directorships include chair of Lazard Pty Limited Advisory Board: director of Myer Holdings Limited; director of Australia and New Zealand Banking Group Limited; director of Alumina Limited; director of NBN Co Limited; director of Pacifica Group Limited; and director of Lazard Pty Limited.
Mr Hay is a director of both Landcare Australia Limited and Australian Institute of Company Directors where he is also a Fellow, and has been a member of the Australian Government Takeovers Panel since 2009.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
10,000 CFX Securities
Other Directorships
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Refer above
Present
Refer above
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide full details
Refer above

Attachments

140725AppointmentofHayFinal.pdf
Total size =56K