Board consolidation for port, airport and holding companies
The Nelson City and Tasman District Councils have decided to consolidate the boards of Infrastructure Holdings Ltd, Port Nelson Ltd and Nelson Airport Ltd into a single board from the beginning of 2027.
Infrastructure Holdings Ltd is a Council Controlled Trading Organisation that is jointly owned 50/50 by Nelson City Council and Tasman District Council. Port Nelson and Nelson Airport are owned by Infrastructure Holdings Ltd.
“This new single-board structure best ensures we maximise the performance of these companies and improves the accountability to the Councils and public who own them. The simplified board structure also provides clearer accountability for the management of the port and airport companies and minimises conflicts of interests and compliance costs,” said Nelson Mayor Nick Smith and Tasman Mayor Tim King.
“We want the management of Port Nelson and Nelson Airport to report to a single governance board rather than the duplication of answering to both their own board and the Infrastructure Holdings board. We also want only one degree of separation between the Council shareholders and the operational boards of the port and airport,” the Mayors said.
The single board of the three companies will replace the interim structure put in place when Infrastructure Holdings Ltd was constituted in 2023. It was established with a board made up of an independent Chair and two directors from each of the subsidiary companies for the airport and port.
A review was initiated in 2024 and the decision to consolidate to a single board was made by a joint meeting of the two Councils on 30 June 2026. The new structure will mean a move from 12 directors to seven or eight.
To read the full Media Release, visit our website at News – Pitopito.
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