Communications Minister Stephen Conroy has announced the appointment of two new board members for NBN Co, one of which is an ex-McKinsey director, bringing the number of ex-McKinsey employees on the board to three.
New appointee Clem Doherty was a director of McKinsey and Company, heading up the Asia
Pacific telecommunications, electronics, media and multimedia
segment, until 1996. He was also co-leader of the global
telecommunications sector and a member of the Asia Pacific board.
Siobhan McKenna and Diane Smith-Gander, who have
already been appointed to the board, were both former McKinsey
partners. McKinsey has also already been awarded some work for the
National Broadband Network,
being commissioned with KPMG to carry out the implementation study.
The NBN Co also appointed Christy Boyce, former McKinsey
principal consultant, as its head of industry engagement.
Doherty has served on the Australian Government's Higher
Education Review Committee, the ABS Australian Statistical Advisory
council and the Knowledge Nation Taskforce. He is currently
chairman of angel investment company Like Minded Individuals and
holds directorships of Swimming Australia, the Centre for Policy
Development, The Australian Innovation Research Centre and Network
The other appointee, Terrence Francis, has a banking industry
background. He has been the managing director of the Australian arm
of Bank of America, the executive director of Deutsche Bank
Australia and the vice president of Continental Illinois National
Francis is a director of the Emergency Services Telecommunications
Authority, ANZ Specialist Asset Management Limited and ANZ Business
Equity Fund Limited, Boom Logistics, and the Northern Victorian
Irrigation Modernisation Project, as well as being a member of the
University Council at RMIT.
Doherty and Francis "broaden the strong commercial
and industry experience" of the board, according to Conroy's
office. The additions will bring the number of board members to
eight, including executive chair Mike Quigley.
Communications Minister Stephen Conroy also today released draft
legislation meant to make it compulsory to hook up greenfields
estates with fibre-optic cable. It requires an addition to the
Telecommunications Act 1997. The simplified outline of the
new Part (20A) says:
If a real estate development project is specified in a
legislative instrument made by the minister, a person must not
install a line in the project area unless the line is an optical
The draft has already been seen by state and territory planning
ministers and the government's Stakeholder Reference Group.
Conroy's office said that the Federal Government was working
with state and territory governments to see how the legislation
will fit with their planning arrangements. It hoped to introduce
the legislation by early 2010, to come into effect from 1 July 2010.
"It is counter-productive to have our newest homes and
businesses connected with old technology, particularly when it will
cost more to retrofit them later," Conroy said in a statement.