28 September 2001 Media Statement

Minister comments on Transend report

The Minister for State Owned Enterprises Mark Burton has welcomed the completion of an independent report into New Zealand Post's subsidiary Transend.

"The draft report from PricewaterhouseCoopers, which was made public in June, found no evidence of financial impropriety. I understand their final report confirms that finding. That is pleasing.

"However, PricewaterhouseCoopers have identified governance and policy issues.

"I have already received written assurance that the board of New Zealand Post has revised and tightened travel policies within Transend and has strengthened overall company policy compliance and governance across New Zealand Post's operations.

"I will be reading the full report carefully over the weekend and will be discussing matters raised in it with the chairman of New Zealand Post early next week," Mark Burton said.

ENDS

© Scoop Media

Gordon Campbell: On the Sony cyber attack

Given the layers of meta-irony involved, the saga of the Sony cyber attack seemed at the outset more like a snarky European art film than a popcorn entry at the multiplex.

Yet now with (a) President Barack Obama weighing in on the side of artistic freedom and calling for the US to make a ‘proportionate response’quickly followed by (b) North Korea’s entire Internet service going down, and with both these events being followed by (c) Sony deciding to backtrack and release The Interview film that had made it a target for the dastardly North Koreans in the first place, then ay caramba…the whole world will now be watching how this affair pans out. More>>