Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Where Is The Shame At Air New Zealand?

The Air New Zealand directors who have brought that company to its humiliation should be falling on their swords says ACT Commerce spokesman Stephen Franks.

"As a country we call too often for more laws for accountability when simple old fashioned notions of honour would be a good start.

"The directors of Air New Zealand must know who among them, in addition to their former chairman who claimed the credit, is responsible for the Ansett catastrophe. They must know who, if any, opposed the decision, called for proper due diligence, asked whether the healthy local business and the efforts of thousands of hardworking New Zealanders should be put at risk on such a venture.

"So why are they all still sitting there, drawing their thousands of dollars per month?

"Pointing the finger now may seem the least important issue. Even so, there is a principle at stake. Shareholders and staff might get some comfort out of saving the directors' fees of those responsible.

"At least when boards were truly "old boys clubs", club notions of honour sometimes prevailed. Shareholders should not be left wondering what went wrong and who was responsible. Sir Selwyn should have resigned long before now, along with those who share the culpability.

"We should know also how far the government's blind eye towards Brierley domination is responsible. Months ago when the dithering started, and the company could have raised new capital at a far better price, the government should have used its Kiwi Share authority. This could have ensured that a sensible new capital raising was not being blocked by a company not even legally allowed to exercise control.

"More importantly it is time to restore some traditions of honour. They were more valuable than law, more valuable than "kiwi shares" and ministerial oversight, and more valuable than any length of regulatory fences at the tops of cliffs.

"The former chairman, and those who failed to stand up to him, should do the honourable and go immediately. This does not need to wait for any decision by an inexperienced government which has not done its duty," Stephen Franks said.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Saudi Oil Refinery Crisis

So the US and the Saudis claim to have credible evidence that those Weapons of Oil Destruction came from Iran, their current bogey now that Saddam Hussein is no longer available.

Evidently, the world has learned nothing from the invasion of Iraq in 2003 when dodgy US intel was wheeled out to justify the invasion of Iraq, thereby giving birth to ISIS and causing the deaths of hundreds of thousands of people. More>>

 

PM To Japan, New York: Ardern To Meet Trump During UN Trip

“I’m looking forward to discussing a wide range of international and regional issues with President Trump, including our cooperation in the Pacific and the trade relationship between our countries." More>>

PM's Post-Cab: "A Way Forward"

At Monday's post-cabinet press conference, Prime Minister Jacinda Ardern announced a number of actions in response to the Labour Party's mishandling of sexual assault complaints. More>>

ALSO:

Gordon Campbell: On Allegations Of Left Wing Media Bias

“Left wing bias” accusations date back at least to the mid 1990s... The charge of left wing bias was ridiculous then, and is ridiculous now. More>>

Next Wave Of Reforms: Gun Registration And Licensing Changes Announced

“The Bill includes a register to track firearms and new offences and penalties that can be applied extraterritorially for illegal manufacture, trafficking, and for falsifying, removing, or altering markings – which are a new requirement under the Firearms Protocol.” More>>

ALSO:

Gordon Campbell: On Labour’s Mishandling Of The Alleged Sexual Assault

The focus of Labour’s alleged sexual assault scandal has now shifted from the party organisation to the Beehive... This is now a crisis of Beehive management and response, not something occurring at a distance within the party organisation. More>>

ALSO:

'History Rectified': Rua Kēnana To Be Pardoned

An official pardon for Tūhoe prophet and leader Rua Kēnana is one step closer after the Te Pire kia Unuhia te Hara kai Runga i a Rua Kēnana: Rua Kēnana Pardon Bill was read in Parliament for the first time today. More>>

ALSO:

Mental Health: Initial Mental Health And Wellbeing Commission Appointed

The Government has announced details of the initial Mental Health and Wellbeing Commission which will play a key role in driving better mental health in New Zealand. More>>

ALSO:

people outside the meeting house at WaitangiEducation: NZ History To Be Taught In All Schools

“We have listened carefully to the growing calls from New Zealanders to know more about our own history and identity. With this in mind it makes sense for the National Curriculum to make clear the expectation that our history is part of the local curriculum and marau ā kura in every school and kura,” Jacinda Ardern said. More>>

ALSO:

Sexual Assault Claims Mishandled: Labour Party President Resigns

Jacinda Ardern: “This morning I was provided some of the correspondence from complainants written to the party several months ago. It confirms that the allegations made were extremely serious, that the process caused complainants additional distress, and that ultimately, in my view, the party was never equipped to appropriately deal with the issue…" More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels