Climate hindsight: Governance Lessons from Hawke’s Bay

In February 2023, the Te Matau-a-Māui Hawke’s Bay region was hit by Cyclone Gabrielle, which caused devastation and loss to businesses, property and, heartbreakingly, lives. It was also the costliest tropical cyclone on record in the Southern Hemisphere, with total recovery costs estimated to be at least NZ$14.5 billion (PHCC, 2023).

One year on, this webinar will bring together directors to discuss a number of key questions including:

• What insights can directors learn from the impact of Cyclone Gabrielle on the Hawke’s Bay region, businesses and community?
• How is the region working collaboratively in the recovery phase to build back better, safer and smarter?
• How can directors and boards effectively identify and mitigate climate-related risk to their businesses?
• What should directors be doing to transition their businesses?
• What are the future challenges around access and cost of insurance for climate-related risk in light of increasing probability?

IoD members may log 1 CPD point for attending this webinar or watching on demand.

Speakers

Caren Rangi ONZM, MInstD

Caren is a proud, Canterbury born, Hawke’s Bay raised, Cook Islander who started her career as a chartered accountant and auditor with the Office of the Auditor-General. She chose a career in governance, combined with facilitation and leadership work, so she can contribute to decision-making in areas for which she has passion. Her current governance roles include Chair of NGO Pacific Homecare and Deputy Chair, Pacific Co-operation Broadcasting Ltd (Pasifika TV). She is also member of the Boards of Massey University, the Museum of New Zealand Te Papa Tongarewa, and the Hawke’s Bay Regional Economic Development Agency.

In March this year, Caren completed a three year term as the Chair of the Arts Council of New Zealand, and a one year term on the Hawke’s Bay Regional Recovery Agency.

In 2018, she was conferred with an Officer of the New Zealand Order of Merit for services to governance and the Pacific community. Caren is a Fellow of Chartered Accountants Australia and New Zealand and a Member of the Institute of Directors and a member of the IoD’s Chapter Zero NZ Steering Committee.

John Loughlin CFInstD

John Loughlin is Chair of Rockit Global Limited, Powerco Limited, EastPack Limited, Coda GP Limited and Bluelab Group Holdings Limited. He is also a member of the Hawke’s Bay Regional Recovery Agency.

In his governance career John has served as Chairman of ZESPRI Group Limited, Tru-Test Corporation Limited, FirstLight Foods Limited, Allied Farmers Limited, Prism Group Holdings Limited, Hawke’s Bay Winegrowers and Meat Industry Association of NZ Inc. He has also served as a director of Port of Napier Limited, Toll NZ Limited, Augusta Capital Limited, Metlifecare Limited, and AgResearch Limited. He represented the Meat Industry Association on the International Business Forum, the New Zealand China Council and the Food & Fibre Leaders Group.

In his executive career John was CEO, and before that CFO, of listed meat company Richmond Limited. Prior to that he was General Manager of Westpac Investment Management – NZ – Ltd.

John has BCA and MBA degrees from Victoria University of Wellington. He is a Chartered Fellow of the Institute of Directors in New Zealand, a Fellow of the Australia and New Zealand Institute of Chartered Accountants and a fellow of the Australian and New Zealand Institute of Insurance and Finance.

John and his wife Kathryn established and own Askerne Estate Winery near Havelock North. They live on the vineyard at Askerne. John is a life member of Hawke’s Bay Winegrowers.

 

Tim Grafton CMInstD
Tim Grafton became Chief Executive of the Insurance Council in November 2012. Tim has extensive experience in providing strategic, policy and communications advice to public and private sector leaders. He was an executive director of a leading market research company prior to taking up his position with ICNZ. Tim has a strong understanding of the machinery of government, having been an adviser to former Prime Ministers and Ministers of Finance as well as leading private companies. He has extensive knowledge of post-disaster recovery issues and insurance regulation.

He is a Chartered Member of the Institute of Directors and until very recently held several governance roles. He was Vice-President of the Global Federation of Insurance Associations, Chaired the Code Compliance Committee of the Fair Insurance Code, is the former Chair of the Representative Users Group of the Deep South Science Challenge which focuses on research to adapt to climate change, and was on the New Zealand Advisory Board of the Australia and New Zealand Institute of Insurance and Finance and the Advisory Board of Victoria University of Wellington’s Chair in the Economics of Disasters and Climate Change.

 

Guy Beatson MInstD (facilitator)

Guy is an experienced senior leader who has worked with public, private and not-for-profit entities in New Zealand, Fiji, Mongolia, Australia and the United States. His previous senior roles include Deputy Chief Executive, Strategy and Organisation Performance at Te Puni Kōkiri; Deputy Secretary Natural Resources Policy at Ministry for the Environment. Most recently, he ran his own freelance consultancy practice supporting public sector senior executives and their teams to deliver high quality decision-making, advice and policy implementation. In each of these roles, he engaged on a range of natural resource, environmental and other issues with iwi/hapū and other Māori interests. He currently works as the General Manager in the Governance Leadership Centre team at the Institute of Director's (IoD).

 

The Institute of Directors New Zealand (IoD) launched Chapter Zero New Zealand in March 2022. It is the home for climate change governance at the IoD and aims to support directors to meet their fiduciary duties by supporting them with the skills, tools, processes and information they need to act and guide their companies through the challenges of climate change. For more information and to be kept up to date with the latest events, webinars and resources sign up here.