Board News

Process underway to identify Director election candidate

The Southern Cross Medical Care Society has commenced a process to identify a suitably qualified and proven director to join its Board.

In late April the Board called for expressions of interest via this website and newspaper advertisements; it is now working through a process of assessing potential candidates. The Board’s preferred candidate will be identified by 1 September and endorsed by the Board for election at the Society’s AGM on 1 December 2015.

The Society is looking for a proven non-executive or executive director who is a good team player and can demonstrate excellent all-round corporate governance acumen. That person will have qualifications and experience appropriate to an organisation the size and nature of Southern Cross, and skills that complement the current composition of the Board. He or she will also meet threshold requirements outlined in the Society’s Rules and the Reserve Bank of New Zealand Fit and Proper Standard for directors of licensed insurers.

Inquiries about the process can be made to Propero Consulting by emailing or calling Verity Ratcliffe on 09 950 2691.

Member Tenure Project 2012

This project was established as a result of two resolutions passed at the Society’s 2011 AGM to look into the subject of recognising members of long-standing.  The project commenced in March 2012 and concluded in August 2012. It encompassed member consultation, research, detailed data analysis and evaluation of possible discount models.
The idea of providing premium discounts to members based on their length of membership was explored.  However, the project found that such a discount would not be equitable to all members and would be unsustainable for the Society so could not be pursued.  This outcome does not diminish the concern long-held by the Board and management about rising healthcare costs and the high cost of premiums for older members. 

Other Board News

Following are links to news items, reports and updates related to the Governance of the Southern Cross Medical Care Society (the legal name of the Southern Cross Health Society).