Investor Relations

The principal objective of Kordia Group Limited and its subsidiaries is to be a commercially successful business.

In pursuing the objective to increase the value of shareholder investment, Kordia will take a medium to long-term view appropriate to the nature of the business and its assets. Kordia will pursue policies designed to maximise the net present value of future earnings, based on a long-term perspective of those earnings.

Our Structure

Our shareholder is the NZ government - Kordia operates as a commercially viable entity but is a State Owned Enterprise (SOE), fully owned by the New Zealand government.

Our ownership structure actively reinforces our commitment to our clients prosperity and holds the firm accountable for this approach.

The Kordia Group

The beginnings of the Kordia Group began 60 years ago in the New Zealand Broadcasting Service which played a vital role in the construction and operation of the radio and television network across New Zealand.

Kordia was the transmission arm of Television New Zealand until, in 2003, it became a State Owned Enterprise with an independent board. The company acquired the former AAPCS in Australia in July 2005. Since then, it has succeeded in growing the business to nearly double its size.

Today, over 1,000 people in more than 20 locations across Australia and New Zealand are employed by the Kordia Group.

Click here to view the New Zealand site

Shareholder Publications

Every year, Kordia publishes an updated Statement of Corporate Intent, interim report, and annual report. Copies of these reports are available here and can be downloaded online.

PERFORMANCE TARGETS

Kordia aims to maintain and increase share holder value. To achieve this, Kordia targets a rate of return on equity (net trading profit after tax as a percentage of average shareholders' funds) of 12%.

Achieving a return on equity of 12% will depend on the company re-engineering the Kordia New Zealand business and continuing to invest in new business areas to replace the analogue television business. The future commercial performance stated below includes the project ed returns from Kordia’s existing businesses.

(Source: Kordia SCI 2014)

BOARD COMMITTEES

The Board currently has two standing commit tees: Audit and Remuneration. Both strategic risk and operational risk are dealt with by the full Board.

AUDIT & RISK COMMITTEE

The Audit & Risk Committee assists the Board in fulfilling its responsibilities by providing recommendations, counsel and information concerning its accounting and reporting responsibilities under the Companies Act 1993 and related legislation. Its Terms of Reference also cover the role of Internal Audit and financial risk management and health and safety governance.

REMUNERATION COMMITTEE

The Remuneration Committee assists the Board in fulfilling its responsibilities by provid ing advice and recommendations regarding the appropriate levels of remuneration for executives.

Meet the Group Management Team

Meet the Board of Directors

Lorraine Witten

Chair of the Board

Lorraine Witten (BMS Hons, CA) is a member of the New Zealand Institute of Directors and the Institute of Chartered Accountants of New Zealand. She has extensive experience in the telco and ICT sector, with 25 years’ experience in senior management and finance roles and 15 years in Director roles.

For the past 10 years Lorraine has been an entrepreneur leading high growth businesses. She is currently Managing Director of the company she founded in 2007, Simply Security Limited.

Lorraine is also Chair of StarNow Limited and Director of Wellington Venues Limited.

John Quirk

Deputy Chair of the Board

John Quirk is a partner in strategic investment and advisory company Howard & Company, and is actively involved in merger and acquisition activity in the ICT sector.

He is currently Chairman of Wherescape Software Ltd and SMX Limited, a Director of FrameCAD Group and Private Flight Global Ltd. He is also an advisor to the Boards of Simpl Group, Clearpoint, Merlot.aero and Code Blue.

John has extensive business and governance experience in high growth, high tech companies. He has held key leadership roles including Chairman, CEO and Managing Director in a number of iconic ICT companies.

John is a member of the Institute of Directors, the NZ Venture Capital Association and the NZ Software Association.

John is the Chair of Kordia Group’s Remuneration Committee.

Rachel Farrant

Board member

Rachel Farrant (BCom, Post Graduate Diploma – Finance & Management, CA (NZICA)) is a partner at BDO Wellington and has over 20 years’ experience in chartered accountancy and business advisory services.

Rachel’s other board experience includes Director and Audit Committee Member – Fulton Hogan Group Limited; Trustee and Audit Committee Chair – Wellington Museum Trust; and Chair of the Central Region General Practitioners Fees Review Committee.

Rachel is the Chair of Kordia Group’s Audit and Risk Committee.

Graeme Sumner

Board member

Graeme Sumner (BCom, MBA, MAICD) is a highly experienced Managing Director specialising in developing and expanding companies in a broad range of sectors and across a number of geographical regions.

Previous roles have included being the Chief Executive Officer and Managing Director of Service Stream Ltd, Chief Executive Officer of Transfield Services (New Zealand) Limited and Managing Director of Siemens Limited in New Zealand.

He served in senior positions at IBM, Telecom New Zealand, Contact Energy, New Zealand Post and its subsidiary companies, SkyRoad and Kiwimail. Graeme was also the Chairman of New Zealand Post’s joint venture airfreight company, AirPost Limited.

Graeme is the Chair of Kordia Group’s Health and Safety Committee.

Peter Ennis

Board member

Peter Ennis I. Eng MIET MBA is an experienced senior media executive with extensive international experience in media and broadcast operations, technology, distribution, business development and sales. He headed up the operations, technology and digital media functions of the TV3 Group, the Irish National commercial broadcaster, where he was also a main Board Director.

Moving to New Zealand in 2009 Peter headed up the technology function at TVNZ before a stint in Qatar, where he served on the executive board of Al Jazeera as Executive Director of Technology and Broadcasting, charged with the delivery of Al Jazeera’s content across six continents and online. Peter is now Director Strategic Solutions for Avid Technology Inc, the world's leading provider of audio and video technology for media organizations and independent professionals.

Peter is a member of Kordia’s People and Culture Committee.

Paul Adams

Board member

Paul Adams (CNZM), is a Chartered Fellow of Institute of Directors, and a member of Institute of Professional Engineers. He is a well-known land & property developer around the North Island, and is also Chair of IHC's, New Zealand property company.

Paul is a member of Kordia’s Health and Safety Committee.

Sheridan Broadbent

Board member

Sheridan Broadbent (BCom, Advanced Management Program, Harvard Business School) is an experienced telecommunications and infrastructure industry professional, having worked in business development and major operational roles in the sectors for many years throughout New Zealand, Australia and the South Pacific.

Sheridan is the Chief Executive of Franklin-based electricity lines company Counties Power, and has held Executive positions with Genesis Energy, Downer EDI (Australia), and led Downer EDI Engineering in New Zealand.

Sheridan is a member of the Leadership subcommittee of the Business Leaders’ Health and Safety Forum, a member of the Institute of Directors and an inaugural graduate of the IOD-administered Future Directors’ Scheme, having participated in Board activities of Auckland International Airport Limited for the 2013 year.

Sheridan is a member of Kordia Group’s Health and Safety Committee.