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Green eyes and big mouths first put out the rumour that more than a dozen Securities Commission staff junketed to Paris for an annual conference this year.
Our inquiries put the actual figure at nine: five staff plus four partners (who paid their own airfares, as reported in NBR’s print edition last month). But after further inquiries to Paris, the number has now gone up to a nice round contingent of 10.
It turns out a Ministry for Economic Development official also attended – paid for by MED. No one has been able to tell us why someone from the MED was required to attend the conference that saw SecCom chair Jane Diplock re-elected as chairwoman of the International Organisation of Securities Commission (IOSCO) but apparently someone from the ministry backs her up every year.
The whole thing cost the SecCom $87,000.