Sandy (Samford) Maier has worked in international commercial and investment banking with Citicorp/ Citibank for 15 years in various management positions in the Caribbean, South America and Australasia.

He has lived and worked in New Zealand since 1986, serving on the board of the Bank of New Zealand and as the statutory manager of DFC New Zealand Limited, for which he received a 1990 Commemoration Medal for services to New Zealand.

For the past 10 years Mr Maier has headed his own international management consulting firm specialising in strategic financial and human resource matters. He has served as chief executive and board member of a number of companies, and has been a director of Mighty River Power since April 2002. He has been an independent director of Perpetual Capital Management Limited (PCML) since June 2006.

Falcon Clouston has more than 30 years experience in the financial services industry as a merchant banker and sharebroker.

He has been a member of the New Zealand Stock Exchange, the Government Task Force on Private Provision for Superannuation and The New Zealand Securities Commission.

Mr Clouston is currently a member of the NZX Disciplinary Board and ICANZ Appeals Council. He is also a director of Landcorp Farming Limited, Palliser Wines of Martinborough Limited and several private companies. Falcon is a Fellow of the Institute of Directors and resides in Wellington. He became an independent director of Perpetual Capital Management Limited (PCML) in June 2006.