Allan Hubbard to blame for South Canterbury collapse, court judgement says

Tue, 14 Oct 2014

By Fiona Rotherham Oct. 14 (BusinessDesk) - South Canterbury Finance’s corporate governance practices, insisted on by its late chairman Allan Hubbard, directly contributed to the failure of what was once New Zealand’s largest finance company, said Justice Paul Health in his decision on charges faced by its former chief executive and two former directors. Although the judge found the Crown failed to prove there had been an underlying culture of concealment from 2004 to 2010 at the Timaru-based finance company, he criticised Allan Hubbard’s...

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