Pyne Gould censured, fined, for breaching corporate governance rules

Tue, 11 Nov 2014

By Tina Morrison Nov. 12 (BusinessDesk) - Pyne Gould Corp, which lost one of its New Zealand resident directors in July, was censured and fined by the stock exchange disciplinary body for breaching corporate governance rules by failing to notify the exchange or seek an exemption in a timely manner. Director Michael Carolan resigned from the investment company's board on July 7, sparking a query from the stock market operator NZX on July 22 to confirm the identity of its two New Zealand resident directors, as required in listing rules. Pyn...

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