wrote that Dunphy effectively<\/a> blew the whistle on Solid Energy\u2019s pending insolvency when she resigned as chairwoman less than a year into the role.<\/p>\nIn announcing her departure from RegCo, chairman David Hunt said Dunphy had made a substantial contribution to the board and the authority since her appointment.<\/p>\n
\u201cHer deep knowledge of capital markets, corporate finance, risk and audit has helped shape NZ RegCo\u2019s regulatory approach and strengthen its governance and assurance oversight,\u201d Hunt said then.<\/p>\n
Dunphy retired from the board of state-owned national power grid operator Transpower in 2022.<\/p>\n
She had been a director on the Transpower board since May 2015 and chair since January 2019.<\/p>\n
At the time, deputy chair Dean Carroll said Dunphy\u2019s financial and business acumen had allowed Transpower to navigate challenging times such as the ongoing impact of Covid-19.<\/p>\n
Dunphy took over from Tony Ryall as chair when he stepped down in December 2018.<\/p>\n
\u201cIt would be fair to say she was reluctant, but nonetheless recognised that she was the best person for the job,\u201d David Knight, executive general manager strategy, regulation and governance at Transpower, said.<\/p>\n
Before becoming chair, Dunphy was chairwoman of Transpower\u2019s audit and risk committee.<\/p>\n
\u201cShe was very in the details, very focused on every last dollar and where it was,\u201d Knight told the Herald. <\/p>\n
\u201cOne of the things she was able to do when she became chair was step back from that and become a much more holistic and organic chair, and she was a very generous chair in that sense as well.<\/p>\n
\u201cUnlike a lot of chairs, she didn\u2019t speak first, she always spoke last.<\/p>\n
\u201cShe drove for consensus and when that wasn\u2019t forthcoming, she applied the path of least resistance.\u201d<\/p>\n
At the same time, Dunphy was not one to back away from conflict, he said.<\/p>\n
Knight said Dunphy was also the first of the Transpower chairs to fully engage directly with the state-owned company\u2019s shareholding ministers, the Minister of Finance and Minister of State Owned Enterprises.<\/p>\n
\u201cShe was able to engage directly with them because one of the things she observed was that with political appointments, or government appointees, you didn\u2019t always get the board that you wanted.<\/p>\n
\u201cShe thought that was a catastrophe in the waiting, and so she actively worked with the shareholders, both the ministers and the advisers to try and get appointments to the board that suited the board and that skills matrix and everything else that went with that.\u201d<\/p>\n
Dunphy also started a formal evaluation process for the board.<\/p>\n
\u201cShe saw no reason why a SOE board shouldn\u2019t be subject to that same discipline [as a public company\u2019s] and so she brought a very detailed, review of performance, for the board,\u201d he said.<\/p>\n
Dunphy also had a deep interest in health and safety.<\/p>\n
\u201cShe cared enormously about our people and she took health and safety personally, for the organisation.\u201d<\/p>\n
Dunphy had a Bachelor of Horticulture Science degree from Lincoln College and was qualified as a CFA (Chartered Financial Analyst), from the Association of Investment Management and Research (AIMR) USA.<\/p>\n
Jamie Gray is an Auckland-based journalist, covering the financial markets, the primary sector and energy. He joined the Herald in 2011.<\/p>\n
Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"Her work experience and knowledge included capital markets, banking, finance and investment management. With this background, she also…\n","protected":false},"author":2,"featured_media":585769,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[78109,74,95,138,2046,37432,1656,6179,7126,3936,288313,1667,246,2740,8559,78,111,139,69,288312,69740,5339],"class_list":["post-585768","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-accomplished","tag-after","tag-and","tag-business","tag-career","tag-chair","tag-company","tag-died","tag-dies","tag-director","tag-dunphy","tag-energy","tag-finance","tag-former","tag-governance","tag-in","tag-new-zealand","tag-newzealand","tag-nz","tag-philippa","tag-pip","tag-solid"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/585768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=585768"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/585768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/585769"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=585768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=585768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=585768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}