The New Zealand Refining Company is very aware of our
shareholders' rights and the fact that our main purpose is to
create long-term sustainable wealth for all shareholders.
We are also conscious of the fact that four of the five major
shareholders are customers. Our directors, while focusing on the
New Zealand Refining Company, carry out their legal
responsibilities, which includes acting in the interests of all
shareholders and where appropriate declaring an 'interest'. This
not only means not voting on an issue, but also refraining from
discussing an issue.