funny how their flurry of reviews and announcements is timed this week.................
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funny how their flurry of reviews and announcements is timed this week.................
also re the new appointment today to the 'Conflicts Committee' is also engaged by Craigs in a similar type role.
Jayshree is currently Craigs Investment Partners’ Process Excellence & Governance Advisor.
astounding.
you're right , it could well be that both positions wont be held at once (which is how I had read it)
but still.... allegiances ....
https://www.nzx.com/regulators/DISP/...cements/303336
Gets even more incestuous - now, Shane Edmond from Forsyth Barr retires from Disciplinary Tribunal and Nick Hegan from same Forsyth Barr (which brought to the market FELTEX, CREDIT SAILS & SCF Bonds) replaces Shane!
Remember the infamous 'catch flies (clients and suckers) with honey than vinegar' from Forsyth Barr to suck clients in Credit Sails? Disciplinary Tribunal did not even make one mention of the whole disgraceful saga of deceitful behaviour. Nothing to do with Forsyth Barr's shareholding, board seat at NZX and of course, its executive position at the Disciplinary Tribunal.
Neil Smith of Foryth Barr retires tomorrow from the Board but Bodman of Forsyth Barr already appointed to the Board to replace him earlier!
Chance to make a clean break from the past and what happens? More entrenchment of vested interests. NZX can forget about restoring the confidence of the market - too engrossed with protecting vested interests.
Harmos infamous 'multiple options for growth' praise at Weldon's resignation obviously lives on at the NZX as they pleasure one another with fantasies of how great the NZX already is.
Clear Grain debacle obviously was nobody's fault.
https://www.nzx.com/companies/GEO/announcements/303337
The richest irony of all times at the NZX - Mark Weldon's IPO baby decamping to the ASX!
So much for Harmos' multiple options for growth! His blue eyed boy just gave his credibility a black eye.
cant wait to see what there strategy is going forward lol hopefully better than in the past.
https://www.nbr.co.nz/article/forsyt...-bodman-190586
With ForBar now and obviously, part of the old boys' club now.
Should be an interesting AGM today for NZX.
Will there be a real strategic plan articulated to the exchange forward or will it be more of the same (as the past) served up in different guises?
There is actually a real opportunity with the exit of the final member of the sleeping Board under Harmos - ForBar's Smith - to redirect the NZX towards its real role of facilitating capital market activities (raising capital, liquidity etc) and grow itself and the NZ economy.
Or is it all too late with ForBar entrenching itself via its plant, Bodman, who will dance to his master Vinegar Smith's tune?
Will Brian Gaynor, so outspoken in recent times about the inadequacies of the NZX but noticeably quiet about what brought about the current pathetic state of the NZX, front up?