Securities Commission member resigns
Securities Commission member Elizabeth Hickey has stood down from her role for personal reasons, Commerce Minister Simon Power says.Her resignation is effective from April 30.She had been in the role for nearly two years.Mr Power said he regretted Ms Hick
Securities Commission member Elizabeth Hickey has stood down from her role for personal reasons, Commerce Minister Simon Power says.
Her resignation is effective from April 30.
She had been in the role for nearly two years.
Mr Power said he regretted Ms Hickey was leaving the commission and thanked her for her work.
A Securities Commission spokeswoman said it was the minister's place to comment on Ms Hickey's resignation.
Earlier this month Auckland businessman David Jackson resigned from the Securities Commission amid litigation brought by the commission against Nuplex Industries, of which he is a non-executive director.
The commission was filing civil proceedings against Nuplex and six current and former directors, including Mr Jackson, for allegedly breaching continuous disclosure obligations.
Mr Jackson was a member of the Securities Commission from June 2005, and also a director of Fonterra, Pumpkin Patch, and The New Zealand Refining Company.
Mr Power accepted Mr Jackson's letter of resignation.
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