One down, more to come?

Well despite the Government having said for ages there is nothing wrong at TVNZ, the charter is excellent, the board do not interfere, the truth is coming out.

Former Labour Minister Dame Ann Hercus resigned off the board last night, and the outgoing CEO incredibly has accussed another director of leaking against him.

Ian Fraser also accusses the PM’s Office of leaking the details of Judy Bailey’s salary. They deny it of course. Also alleged that H2 tried to get hold of a copy of Ian Fraser’s contract.

I think it is an excellent lesson in why governments are often very very bad shareholders. Unless the board is replaced and some guarantee of government non-interference is supplied I suspect many suitable candidates for CEO will not touch the job with a barge pole.