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March 31, 2012 8:00am by Kokila Patel

General Debate 31 March 2012

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General Debate

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HB

Viking2
if it happened in the street you can almost guarantee that one set of parents would have called the police and that would be way worse than the dean making you apologise!
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March 31, 2012 10:24pm
Nostalgia-NZ

HB
10.19

When you talk about first offenders, a whole lot of other crap like ‘if someone was lying’ along with pastoral reports, it sounds like omniscient dick heads standing over kids.
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March 31, 2012 10:27pm
HB

well it is hard to re-create what happens in here in kiwiblog. I was just trying to go with the context Paul gave.
you all need to get over yourselves and realise I was just telling Paul (who was asking for opinions) what would have happened to his son in the same situation at my school. Which was way less harsh than what he got.
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March 31, 2012 10:35pm
Luc Hansen

@ PEB

Crap. Muldoon had you guys on strings. Enjoy your retirement but don’t delude yourself.

@ HB

If you came here looking for informed comment, I suggest you move on. Mine host sets the scene here, and he hates teachers – unless, of course, they subscribe to his particularly peculiar view of the world.

If more than a handful do, well, we’re fucked!
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March 31, 2012 10:39pm
HB

Nostalgia-Nz
are you trying to say we shouldn’t call out liars?
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March 31, 2012 10:40pm
TimG_Oz

Earth hour. Bollocks to that. Try Earth day, and do it once a week.

Enjoy the Warriors. What is it now? 20-4?
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March 31, 2012 10:44pm
HB

oh crap – my TV says 16-4.
is mine not live?
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March 31, 2012 10:45pm
publicwatchdog

More to come in this National Government’s arguably corrupt ‘conflict of interest’ department?

A rather large ‘elephant in the room’ that to date is apparently being rather studiously ignored?

Does NZ Prime Minister John Key have a serious ‘conflict of interest’ as a shareholder in the Bank of America which has
a substantial shareholding in the coal mining company Bathurst Resources Ltd?

NZ Prime Minister John Key ‘officiated’ at the Wellington office opening of Australian miner Bathurst Resources on 21 March 2012.

Is this not a major ‘conflict of interest’ if Prime Minister John Key stands to personally profit from opencast coal mining on conservation land, because of his personal shareholding in the Bank of America, which, in turn is a significant shareholder in Bathurst Resources Ltd?

Whose interests are being served by NZ Prime Minister John Key?

His own?

Bankers?

Investors?

Or those of the public majority of New Zealanders?

As of 24 February 2012, the Bank of America was a substantial holder of shares in Bathurst Resources Ltd:

“Class of Securities (4) – Ordinary

Present Notice “Person’s Votes 72,302,308 Voting Power (5) 10.44%
http://www.bathurstresources.c…

NZ Prime Minister John Key is a shareholder in the Bank Of America.

http://www.parliament.nz/NR/rd…

Isn’t this arguably a far more significant ‘conflict of interest’ than that for which Nick Smith had to resign?

High time for an enforceable ‘Code of Conduct’ for NZ MPs?

Of course – Prime Minister John Key is arguably not the best person to lead by example when it comes to taking a strong line against arguably corrupt ‘conflicts of interest’, or exhibiting integrity in practice and ethical behaviour?

Remember TranzRail?

It’s also been on Prime Minister John Key’s ‘watch’ – that NZ STILL has yet to ratify the UN Convention Against Corruption.

How embarrassing is THAT for the country ‘perceived’ to be the least corrupt in the world?

Penny Bright
‘Anti-corruption campaigner’
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March 31, 2012 11:13pm
RightNow

^meh
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March 31, 2012 11:20pm
publicwatchdog

Ok Kiwibloggers!

Spot the difference between the position of the FMA CEO on the ‘Lombard Four’, and the ‘Huljich Two’? (John Banks and Don Brash)

http://www.scoop.co.nz/stories/BU1203/S01059/lombard-verdicts-highlight-directors-duties-says-fma.htm

Lombard verdicts highlight directors’ duties, says FMA
Thursday, 29 March 2012, 5:16 pm
Press Release: Financial Markets Authority

29 March 2012

Lombard verdicts highlight directors’ duties, says FMA

The Financial Markets Authority (FMA) today acknowledged the High Court’s sentencing of four directors of Lombard Finance & Investments.

“The guilty verdicts in this case, and the sentences imposed, illustrate the obligation on directors to ensure that investors are properly informed, and are kept informed,” FMA CEO Sean Hughes said.

“These verdicts, like those in the earlier Nathans Finance case, are a reminder to directors and their advisers that timely, accurate and meaningful disclosure to investors is an obligation which cannot be delayed or delegated to others. These responsibilities are hallmarks of New Zealand’s disclosure regime.

“FMA is keen to help directors get these obligations right. We have a process underway to provide the market with further guidance.”

In his 24 February judgment Justice Dobson said the primary issue was the adequacy and accuracy of disclosure.

New Zealand’s disclosure regime “intended that investors be in a position to make decisions for themselves by being adequately informed on material matters, rather than making an investment decision in reliance on an assessment of the quality of judgment of those who would become custodians of their investments,” the judgment said.

Lombard Finance & Investments was placed in receivership in April 2008 owing $111 million to around 3,600 investors.

Sir Douglas Graham, Michael Reeves, Lawrence Bryant, and William Jeffries were found guilty on 24 February 2012 of four charges under section 58 of the Securities Act on the basis Lombard’s December 2007 prospectus and three investment statements contained false statements.

The value of investments and reinvestments made during the currency of the December 2007 offer documents was approximately $10.45 million.

________________________________________________________________________________________________

Petition stalks Banks, Brash

ROB STOCK
Last updated 05:00 11/03/2012

……………………….

The FMA said the Securities Commission “obtained the advice of respected counsel on this issue. That advice was then reviewed and confirmed by a Queen’s Counsel. The commission considered that advice and the results of its investigation carefully.

“It formed the view that there was insufficient evidence to show that either Dr Brash or Mr Banks would have known that the prospectus contained misleading information.”

It went on to say that to the best of FMA’s knowledge, the decision was not influenced by political considerations.

________________________________________________________________________________________________

Penny Bright
‘Anti-corruption campaigner’
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April 1, 2012 12:33am
Nostradamus

*Yawn*

Still waiting for answers to Nookin’s ARGUABLY very relevant questions:

Nookin (1,652) Says:

March 21st, 2012 at 5:32 pm
So readers can assess your expressions of concern, Penny, please advise
1. How many shares does Key have in Bank of America?
2. What is the total share issue of Bank of America?
3. What percentage of the total Bank of America portfolio is represented by the Bathhurst holding?
4. What percentage fluctuation in the value of shares of the Bathhurst holding will have any effect on the value of the Bank of America shares?
5. What fluctuation in value is likely if Key attends?
6. Will his attendance makes any difference to Bathhursts decision makers?
7. If so, how?

*Tick* *Tock* *Boom*
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April 1, 2012 12:52am
DJP6-25

I celebrated ‘Earth hour’, by turning on all the appliances in my apartment for the duration. An easy way to give the luddites a one finger salute.

cheers

David Prosser
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April 1, 2012 2:03am

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