role-of-trustees - mept2

 The appointment of directors of the Company

 Conferring with the directors on and the signing off of the Statement of Corporate Intent (SCI)

 Monitoring the performance of the Company against the SCI

 Maintaining a regular dialogue with directors

 Completing Ownership Reviews if and when required

 Arranging Trustee elections

 Receiving and distributing dividends

 Communicating with and informing beneficiaries of the Trust

 Maintaining and enhancing the value of the trust's investments

Chair - Nicki Stretch

Having been elected as a trustee in 2016, I am pleased to serve as a trustee of the
Marlborough Electric Power Trust.

Representing the interests of the beneficiaries (those consumers who have a power connection in Marlborough) is a privilege, and I am pleased to bring to my role a wide background in Trust Management, Governance, Banking, Finance and Business.

As trustees, we need to balance the interests of today’s beneficiaries with those of future beneficiaries. These interests include ensuring the Company is making sound business and investment decisions to both protect our assets and provide financial advantages to our community. The Marlborough Lines network is significant, and meeting the growing demands for electricity is critical for our consumers and our community.

I have lived in many parts of New Zealand and have had the good fortune to be involved in many community governance and volunteering positions. Whilst managing SBS Bank in Christchurch, I met my husband Greg and moved to Blenheim in 2011. I am currently working as a Business Strategist, along with various Trustee and Directorship appointments.

Deputy Chair - Domenic Romano

I was elected as a Trustee in March 2018.

With technology significantly impacting all industries, the Marlborough Lines business is no different and this represents both opportunity and challenges for the Trust to protect and enhance its major investments.

Having had a corporate banking background working with many leading International and NZ companies, I am currently Senior Partner at BNZ, Blenheim, responsible for leading our business and agribusiness team. This is a role that engages me with Marlborough’s leading industries, businesses and families.

I am also involved with many community organisation’s which enables me to come across a broad range of people and issues, with my current activities being;
• Current Chairman & Founding Trustee of The Marlborough College Charitable Trust
• Founding Trustee for the St Marks’s Charitable Foundation
• Treasurer for Marlborough Boys College Old Boys Assoc. and the Central Soccer Club

Our family own CPR Coffee Co which my wife Deborah manages and this means I get to satisfy my lifelong interest in coffee as a chief taster! Deborah and I were both raised in Marlborough and we returned in 2009 with our three children after establishing careers outside of the province. 


Trustee - Ross Inder

I was first elected to the Trust in 2002 and have served as chairman for a total of four years. I retired after 40 years of law practice in Blenheim. During my time in practice I had a particular interest in trust law and led discussion amongst the trustees on the subject of trustee responsibilities. I have also played a part in revision of the trust deed. Since 2001 I has served on the executive of Energy Trusts of New Zealand, the umbrella organisation of trustee owned energy companies.

Trustee - Lynette Rayner

I was elected to the Trust in March 2022.

Marlborough is my family’s home, and the ongoing success of our province is important to
Continually building and maintaining community assets is a vital part of stability, and the role the Marlborough Electric Power Trust plays in representing the interests of power consumers (the beneficiaries) of Marlborough is a core part of that.
A reliable power supply is a basic necessity for all our Marlborough consumers as is protection of the assets.
As Trustees it is our responsibility to oversee the Marlborough Lines Group to ensure good governance decisions are made for both current and future generations of beneficiaries.

I bring to this role extensive governance experience in finance, business and trust management across community and the public and private sectors and hold and have held numerous Trustee and Directorship positions including Chairing various organisations.
I am a member of the Institute of Directors (IoD), and the Accountants and Tax Agents Institute of NZ.

In a professional capacity, owning an accountancy practice gives me exposure to a wide range of experiences – not only in finance and business advisory but also a comprehensive understanding of the significance of Trustee and Director responsibilities.