'Unresponsive' Pyne Gould censured again by NZX Tribunal

Mon, 06 Apr 2015

By Jonathan Underhill April 7 (BusinessDesk) - Pyne Gould Corp, whose 2014 accounts are being looked into by the Financial Markets Authority, has been censured by the NZ Markets Disciplinary Tribunal for its second breach of corporate governance rules in recent months. The asset management firm controlled by managing director George Kerr breached NZX listing rules by failing to ensure it had at least two independent directors, who were required to be in the majority on its audit committee, between Oct. 31 and Nov. 7. The gap occurred afte...

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