Competing business involvement a step too far for NZX board
NZX only identified after acquisition that Westpac's Simon Power posed a conflict.
Calida Smylie Mon, 19 Jan 2015
Most directors sit on a host of boards and manage conflicts of interest by bowing out on certain decisions but it seems direct involvement in a competing business is a step too far.
Westpac private wealth health Simon Power has resigned from the NZX [NZX] board due to conflicts of interest with