Jenny Shipley and others ignored Mainzeal risk for almost a decade, court hears

Tue, 25 Sep 2018

By Nikki Mandow Sept. 26 (BusinessDesk) - Significant governance risks existed at failed construction company Mainzeal almost a decade before the company collapsed, according to evidence from veteran company director Sandy Maier. But directors, including former Prime Minister Jenny Shipley, didn’t act. Mainzeal Property and Construction, one of New Zealand’s largest building companies at the time, went into liquidation in February 2013 owing creditors, including numerous sub-contractors, more than $115 million. In his statement of e...

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