Transwaste is an innovative public-private partnership. The partners each hold 50% of the 20 million shares, making it a truly equal partnership. The shareholders together own Transwaste Canterbury Ltd, which in turn owns the land used for the landfill, along with plantation forest, Tiromoana Bush and land leased for farming. Transwaste has contracted Waste Management NZ Ltd to operate the Kate Valley Landfill and transport waste from the partner Council transfer stations.
Transwaste’s activities are based on four primary agreements:
As a council-controlled trading organisation, the Statement of Intent is negotiated annually with shareholders. The Transwaste Board’s responsibilities include managing the Kate Valley Landfill and the obligations arising from the agreements, managing risk, including health and safety, monitoring performance, and managing its financial affairs, including setting charges annually. An Audit Committee, comprising three Board members, reviews and makes recommendations to the full Board on accounting, audit and related management issues.
There are eight directors on the Transwaste Board. Four are representatives of the Council partners and are appointed by the Council’s Canterbury Regional Landfill Joint Committee. Waste Management appoints the other four directors. This is the list of directors as of 20 February 2020.