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Case no encouragement to potential directors -- Thomas

Case no encouragement to potential directors -- Thomas
By Alastair Bull of NZPA Auckland, Aug 3 NZPA - One of the Feltex directors yesterday cleared of criminal charges of misreporting says the case would not have encouraged anyone wishing to become a company director.

Feltex chairman calls for law change on criminality

Feltex chairman calls for law change on criminality
By Alastair Bull of NZPA Auckland, Aug 2 NZPA - The former chairman of failed company Feltex Carpets says the law should be changed to prevent directors from facing criminal charges for misreporting.

Feltex director vents anger at court case

Feltex director vents anger at court case
Auckland, Aug 2 NZPA - An angry Feltex director, one of five found not guilty of breaching financial reporting standards, has accused the Registrar of Companies of bringing a groundless case against them, wrecking their reputations.

FMA establishment board named

FMA establishment board named
Wellington, May 26 NZPA - Membership of a board whose job is to set up a new market conduct regulator has been announced.

Companies Office Lays Charges Against Five Star Directors

Companies Office Lays Charges Against Five Star Directors
Wellington, Nov 12 NZPA - The Companies Office has laid criminal charges in the Auckland District Court against directors of the failed finance company group Five Star.

Audit Quality Is Not Key To Finance Company Failures - Institute

Audit Quality Is Not Key To Finance Company Failures - Institute
Wellington, June 11 NZPA - The performance of auditors was not the key factor the "tsunami" of failures at more than 30 of the nation's finance companies, chartered accountants say.

Role Of Trustees In Finance Company Failure To Be Reviewed

Role Of Trustees In Finance Company Failure To Be Reviewed
Wellington, March 25 NZPA - The role corporate trustees played in finance company failures is to be addressed as part of a "significant review" of the Securities Act, Commerce Minister Simon Power said today.

Trustees Open To Changes After Damning Finance Company Report

Wellington, March 22 NZPA - Trustee companies say they are open to new measures to protect investors after a report said their failings were partly responsible for a "tsunami" of finance company collapses.

Report Tells MPs Of Widespread Failing In Finance Co Regime

By Ian Llewellyn of NZPA Wellington, March 20 NZPA - There were failures across the entire supervisory framework for finance companies before their collapse, a report by the Companies Registrar said today.

National Finance Directors Prosecuted

Wellington, Oct 3 NZPA - The Companies Office is going after the directors of another failed finance company with the filing of criminal charges against three directors of National Finance 2000 Ltd today.

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