Prospector
You may be technically correct in that the PC decided that PM had exceeded some terms of reference. However, Sloth is correct in that the aviation world accepts PM's findings as correct and recognizes the attempts by ANZ to place the complete blame on the crew.
By the way, if you look into the case closely, you will find that two members of the NZ Court of Appeals had vested interests in ANZ at the time! Conflict of interests??