NZX announces Sarah Miller as Future Director

Rick Steves

“This role offers a rare opportunity to contribute to the governance of a company that sits at the heart of New Zealand’s capital markets and plays an essential part in a well-functioning economy.”

The NZX Board has appointed Sarah Miller as its next Future Director, effective 1 January 2023. The new executive has no relation with NZX Chair James Miller.

Sarah Miller will replace Victoria Newman, NZX’s current Future Director, who ends her term on 31 December 2022.

Future Directors Programme designed to grow next generation of directors

The Future Directors Programme is designed to help identify and grow the next generation of directors in New Zealand, including recognising talented executives who are interested in developing governance skills. Participants attend Board meetings where they contribute to discussions in an observer capacity. Future Directors do not have voting rights and are not involved in any decision making.

The programme operates within a well-defined set of protocols at NZX, which maximise learning opportunities for the Future Director, while not diluting the accountability of elected directors to shareholders.

Sarah Miller is General Counsel and Company Secretary at Serko Limited and also a member of the New Zealand Markets Disciplinary Tribunal. Due to her appointment as Future Director to the NZX Board, she will cease as a member of the NZ Markets Disciplinary Tribunal for the duration of her NZX Future Directorship.

In addition, she is an Executive Member (and former Chair) of the Listed Companies Association, and a member of the NZX Corporate Governance Institute. Previous experience includes being General Counsel Corporate and Group Company Secretary at Telecom New Zealand and a Member of the Regulatory Taskforce of Capital Markets 2029. She has also played the role of Director and Principal at Black Letter Consulting, which provided specialist governance and investor relations advisory services to NZX/ASX listed companies.

Sarah’s legal, corporate and frontline markets experience will be of great value

James Miller, Chair of NZX, commented: “Sarah’s legal, corporate and frontline markets experience will be of great value to the NZX Board. We look forward to her observations, insights and governance expertise around the Board table.”

Sarah Miller, upcoming Future Director at NZX, commented: “This role offers a rare opportunity to contribute to the governance of a company that sits at the heart of New Zealand’s capital markets and plays an essential part in a well-functioning economy. NZX is focused on executing a sustainable growth strategy in a rapidly changing market, presenting a unique and exciting environment within which to develop my governance skills.

“Victoria has made an excellent contribution to the NZX Board over the past year. Her considerable strategic consulting and project management experience, coupled with her incisive analysis of issues and clear communication style, have been very much valued by the Board. We wish her all the best for the future.”

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