Originally Posted by
Logen Ninefingers
Total muppet show. Disgraceful. Why did the ventriloquists dummy stand by Wood for so long? Hipkins clearly suffers from impaired judgement yet farcically is our PM.
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‘Suspended transport minister Michael Wood has resigned as a minister, after it has been revealed his family trust held in shares in Chorus, Spark, and the National Australia Bank.
As a Cabinet minister, Wood had made or been involved in decisions which involved the sectors in which he held these shareholdings. Wood had already been under scrutiny for not declaring a conflict of interest related to his shareholding in Auckland Airport while working as transport minister.
Prime Minister Chris Hipkins called a sudden news conference for 1.30pm Monday to tell the public he had advised the Governor-General that Wood had resigned. The press conference is livestreamed above.
“Despite repeated requests from the Cabinet Office and myself for Michael to manage his shareholdings, he's repeatedly failed to identify, disclose and appropriately manage conflicts of interest.”’