Customer director

Press, 10 March 1984, Page 21

Customer director

Nominations have been called for a director to represent policyholders on the board of the Government Life Insurance Corporation, Ltd, the chairman, Mr 8., S. Cole, has an-, nounced. The Government Life became a corporation last year, and the legislation provided for seven directors to run the corporation. One board member is to be

elected by policy-holders, five are appointed by the Governor-General and the managing director is the deputy chairman. “Government Life is the largest New Zealand-owned life office with funds of $BOO million. It is a mutual fund with everything owned by policyholders so it is appropriate that policyholders should have a voice on the Board.

“To be eligible you need to be a Government Life policyholder and at least 18-year-old,” he said. Nominations close on April 4, and an election will be held if more than orte person stands. The present members are: Mr Cole, the managing director of L. D. Lathan and Company, Ltd; Mr H. D. Peacock (the deputy chairman), the managing director of Government Life; Mr H. J. Dykes, a former assistant general manager of the Bank of New Zealand; Mr J. T. F. Francis, a former managing director of Challenge Finance; Mrs P. Jefferies, of Auckland, an accountant with Simpson Grierson, the solicitors; and Mr E. A. Kennedy, the retired deputy chairman of the State Services Commission.