Corporate

Corporate Governance

The Board of Directors of Kangaroo Island Plantation Timbers Limited is responsible for the Corporate Governance of the Group and is committed to meeting the highest standards of Corporate Governance, business integrity and professionalism with due regard to the interests of all stakeholders.  The Board guides and monitors the business and affairs of Kangaroo Island Plantation Timbers Limited on behalf of the shareholders by whom they are elected and to whom they are accountable.

Kangaroo Island Plantation Timbers has adopted the principles and recommendations established by the ASX Corporate Governance Council in its “Principles of Good Corporate Governance & Best Practice Recommendations”.  The Board regularly reviews and updates its Corporate Governance to ensure that they reflect best practice.

Diversity

Kangaroo Island Plantation Timbers recognises the value contributed to the organisation by employing people with varying skills, cultural backgrounds, ethnicity and experience and believes that this diverse workforce is the key to its continued growth, improved productivity and performance.

We actively value and embrace the diversity of our employees and are committed to creating an inclusive workplace where everyone is treated equally and fairly, and where discrimination, harassment and inequity are not tolerated.  While Kangaroo Island Plantation Timbers is committed to fostering diversity at all levels, gender diversity has been and continues to be a priority for the Group.

To review the Securities Trading Policy, the Company’s response to the Corporate Governance Council’s Recommendations and the Corporate Governance Policies of Kangaroo Island Plantation Timbers, please click the links  below.

Policies

Audit and Risk Management Committee Terms of Reference 2020

Board Charter 2020

Continuous Disclosure Policy 2020

Corporate Governance Statement 2020

Directors Code of Conduct 2020

Diversity Strategy 2020

Investor Relations Program 2020

Securities Trading Policy 2020

Whistleblower Policy 2020

Anti-Bribery and Corruption Policy 2020

Constitution

Constitution_approved 28 October 2020

Directors

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Paul McKenzie BSc(Agric), BCom, FAICD, AIAST
Non-Executive Chair

Board member since April 2005, appointed Chair July 2009. Paul is the Managing Partner of Agrarian Management, a leading Western Australian agriculture consultancy with offices in Geraldton, Perth and Esperance.  Paul has over 30 years’ experience in agribusiness, management, finance and primary production.  He is a past President of the Australian Association of Agricultural Consultants (WA) Inc and a Ministerial Appointee to various agribusiness review and advisory panels.  Paul is the Chair of the Cooperative Research Centre for Honey Bee Products Ltd, Chair of Hay Australia Pty Ltd, Director of SALIC Australia Pty Ltd, Director of Minbos Resources Ltd (ASX: MNB), and Director of Rural Financial Counselling Service (WA), which administrates a federal government funded program in WA under the Department of Agriculture, Fisheries and Forestry. Paul was the founding Chairman of Gage Roads Brewing Co from concept to private company to ASX listing in December 2006, and resigned in May 2008.

Paul is KPMG’s WA Agribusiness Specialist for M&A, advisory, and reconstruction appointments.

 

 

Keith Lamb MForestry MBA MAICD

Managing Director

Keith Lamb was appointed to the Board of Kangaroo Island Plantation Timbers in October 2018 and appointed Managing Director in June 2019.

Mr Lamb holds masters-level qualifications in Forestry and in Business Administration. He was Director of Operations and Portfolio Manager for New Forests Asset Management Pty Ltd from 2005 until 2017, with responsibility for $2.5 billion in timberland and related agricultural and industrial assets.

He has also served as a director of several forestry companies and trusts within and outside the New Forests group. His early career included both government and non-government forestry roles.

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Shauna Black Dip PrjMngt
Executive Director

Ms Black was appointed a non-executive director to the Board of Kangaroo Island Plantation Timbers in March 2015. She has been a well-known and respected resident of Kangaroo Island for 15 years and has a 35-year career in media.  For almost eight years, she was the Managing Editor of the Island’s newspaper, The Islander, having moved from Adelaide after a 15-year stint at The Advertiser, including as its first personal finance editor and superannuation writer. She has completed the AICD’s Fundamentals of Directorship and has a Diploma of Project Management.

Ms Black is a trustee director of Media Super (and Chair of its Investment Committee) and is active in a number of local associations on Kangaroo Island. She is the proprietor of Black Stump Media, specialising in media and project management services. Ms Black is also the Executive Officer of the Kangaroo Island Business and Brand Alliance

From May 2017, Ms Black has worked in a part-time executive capacity, as the Director of Community Engagement for KIPT.

James Davies BCompSc, MBA, GAICD

Director 

James has more than 35 years of experience in investment management across timberland, economic infrastructure, real estate, private equity and special situations. Most recently he was Head of Funds Management at New Forests Asset Management, overseeing
$2.5 billion worth of investments in broad acre real estate, forestry assets and environmental markets. His portfolio responsibilities included KIPT’s hardwood estate. Prior to that he held Director roles at Hastings Funds Management Limited and Royal Bank of Scotland’s Strategic Investments Group. He is Chairman of ASX-listed property investor Eildon Capital and a non-executive Director of ASX-listed New Energy Solar. He is also a member of the Advisory Board for AGR Partners, a US-based private equity firm focused on agribusiness.

Mitch Taylor BComm, MAppFin, GAICD
Director

Mitch is a Portfolio Manager at Samuel Terry Asset Management Pty Ltd, which manages the Samuel Terry Absolute Return Active Fund, the largest shareholder of Kangaroo Island Plantation Timbers Limited.
Mitch has more than 10 years of commercial experience in funds management. He has experience in a variety of commercial transactions and corporate situations across a range of industries.
As a representative of Samuel Terry Asset Management, Mitch is a non-independent Director.

Executive Team

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Victoria Allinson
CFO and Company Secretary

Vicky is a Fellow of The Association of Certified Chartered Accountants and a member of Chartered Secretaries Australia.

Vicky has more than 25 years’ accounting and auditing experience, including senior accounting positions in a number of listed companies and was an audit manager for Deloitte Touche Tohmatsu. In addition, Vicky has gained professional experience while living and working in both Australia and the United Kingdom.

Vicky is current Chief Financial Officer (“CFO”) for a number of ASX listed companies. Her previous experience has included being Company Secretary and CFO for a number of ASX listed companies, including: Safety Medical Products Ltd, Centrex Metals Ltd, Adelaide Energy Ltd, Enterprise Energy NL, and Island Sky Australia Ltd as well as a number of unlisted companies. In her role as Company Secretary, Vicky has also assisted a number of companies to list on the ASX.

Vicky has experience in all sizes of business from sole traders to large companies, in a wide variety of business sectors. She is based in Adelaide, South Australia.

Luke Tregurtha BEc(Agric) MFinaA
Business Analyst

Luke joined KIPT in a business development capacity in June 2020. He has a background in agricultural finance, commodity markets and mergers and acquisitions. Luke holds a Bachelor of Agricultural Economics from the University of Sydney and a Masters of Financial Analysis from UNSW.

Luke is one of the founders of Aurora Equus, an Australian agribusiness which is commercialising the feral donkey population of the Northern Territory. He has a passion for forestry, agribusiness and alternative investments.

Within KIPT, Luke is responsible for financial modelling and analysis across sales opportunities, acquisitions and strategic planning.