Forum Archive Index - September 2001

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

>
> 
> So who to blame?     It was
> also clear to me at the time that to have Sir Selwyn as the Chairman
> of Brierley Investments, who wanted to get money out of of Air New
> Zealand at the same time as Air New Zealand needed capital to
> expand, meant he had two roles with a contradiction of objectives.  
> He should not have had both jobs!   He should have stepped down, or
> have been forced to step down as Chairman of Air New Zealand, when
> he was appointed to head Brierley Investments.   The people who
> allowed him to continue both roles were the independent directors of
> the time: Sir Ronald Carter, Dr James Farmer, Ralph Norris and Sean
> Wareing.   All except Dr Farmer have now gone.
>
>
Just a correction to this.  Sir Ronald Carter and Ralph Norris were
not on the board when Sir Selwyn was elected Chairman of Air New
Zealand in 1998.  SNOOPY


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