Synlait Ltd, the milk producer, is experiencing a collapsing share-price. Who has been one of its Directors for the past 10 years? Former Finance Minister, Ruth Richardson. As for former PM, Dame Jenny Shipley, the construction company of which she was a Director, Mainzeal, bankrupted. She was found guilty in court, along with her fellow directors,
"of allowing Mainzeal to trade in a way which created a serious risk of substantial loss to creditors, which would have been apparent to them if they had acted with reasonable skill & diligence". Meanwhile, former Minister of Treaty of Waitangi Negotiations & MP for Epsom Sir Doug Graham, became a
"disgraced former finance company boss, being among four Lombard Finance directors convicted of making false statements in a company prospectus".
