Steel & Tube censured over 2009 disclosure breach

Tue, 03 Jun 2014

By Paul McBeth Jun. 4 (BusinessDesk) - Steel & Tube Holdings, which manufacturers steel building products, has been censured by the stock exchange's NZ Markets Disciplinary Tribunal after it failed to vote on the election of a director in 2009. The Wellington-based company settled with NZX over the 2009 appointment of Dave Taylor to the Steel & Tube board which wasn't voted on by shareholders until last year's annual meeting. At the time, Taylor should have retired at the meeting and his appointment put to shareholders, though that didn't...

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