What if NZX stuck to the fair-to-all shareholders principle?

What if NZX stuck to the fair-to-all shareholders principle?
NZX should put even greater distance between it and the cowboy days. (Image: iStock)
Jenny Ruth
The shenanigans of our stock market’s cowboy days, both before and after the 1987 sharemarket crash, were what drove a whole generation out of investing in shares.While the same uncurbed greed that led up to the 1987 crash was a global phenomenon, the unethical behaviour of a raft of New Zealand corporates was particularly egregious and continued poor ethical standards eventually led to various corporate reforms.For that very reason, I’d like to see the NZ stock exchange (NZX) throw caution to the wind and take a principled stand by...

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