COMMENT: Retail shareholder perspective missing in action in capital markets review

By Jenny Ruth | Tue, 10 Sep 2019


By Jenny Ruth Sept. 11 (BusinessDesk) - One glaring omission in the capital markets review committee's report this week is the point of view of retail shareholders which is largely missing in action. Perhaps that was inevitable, given the committee’s make-up: chair Martin Stearne was formerly managing director of merchant bank FNZC, now Jarden, and Jarden chief executive James Lee is also one of the 10-person committee. To be sure, Jarden has a large retail client base, as does Forsyth Barr whose chief executive, Neil Paviour-Smith was...