He owns a 3 per cent stake in the firm, worth about $29 million. Mainfreight managing director Don Braid. As we noted earlier, Mainfreight pays its CEO in line with similar-sized companies belonging to the same industry. Subscribe, 0.1 The Four Pillars of Governance Best Practice, 0.3 Corporate governance landscape in New Zealand, The second pillar - An effective governance culture, 2.3 Board architecture a charter for the board, 2.4 Board composition and succession planning, 2.5 Key competencies for non-executive directors, 3.6 Technology and information governance, 3.11 Employees holding external directorships, 4.4 Director shareholdings and insider trading, 4.16 The company secretary or corporate officer, Breakfast with Don Braid, Managing Director of Mainfreight Ltd. Not living as a question mark but instead getting on with it and making those decisions. In April 2007, Mainfreight announced its intentions to sell its Pan Orient Project Logistics business and its 75% interest in Lep Australia and New Zealand to global logistics company Agility Group for A$83 million. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". +64 27 403 0148+64 9 905 4804Jill.Steffert@iod.org.nz, The Auckland Branch acknowledges the generous support of. Learn more. Zac: Lets talk more about those weekly P&Ls. Those are the real world indicators of whether youve got morale correct or not or whether youve got some issues going on you need to address. It is totally how I believe a company should be and I love how everyone starts at the bottom. He has led the company in strengthening its global logistics business and ensuring an increased diversification of revenue streams across many countries, trade lanes and activities provides natural protection for earnings. In 1994 Mainfreight purchased the business, and Don went on to hold various senior management roles at Mainfreight prior to his appointment as Managing Director in 2000. This article by Simply Wall St is general in nature. Even Europe's ongoing economic turmoil fails to dampen Braid's optimism, despite the Kiwi logistics operator having spent more than $200 million buying a Netherlands-based freight firm earlier this year, giving it a European footprint for the first time in its more than three-decade history. It's interesting to note that Mainfreight allocates a smaller portion of compensation to salary in comparison to the broader industry. Then we just sat back and allowed the de-centralized process to take over and allowed people to take responsibility to get their businesses sorted and in line. Everyone stands on their own two feet. I think its about ready-fire-aim: making sure were steady, allowing decisions to be made, and shaking them up as we get on.

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