MEMO To: EXQ Consulting Firm From: [Your Name] Subject: Response to Granda Corp's Queries on Setting Up a Subsidiary in New Zealand Dear Team, I am writing to address the concerns raised by Jana Blanka, a representative of Granda Corp, regarding the establishment of their subsidiary, Granda NZ Ltd (GNZL), in New Zealand. pleae see below jana issues raised and i have clarfy (a) According to the Companies Act 1993, at least one director of the company must reside in New Zealand or Australia (if they are also a director of an Australian company). Furthermore, New Zealand law does not recognize corporate directors; directors must be natural persons. I hope this clarifies the legal requirements for Granda Corp's establishment of GNZL in New Zealand. Please feel free to reach out if you have any further questions