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Old 3rd Jun 2014, 04:43
  #727 (permalink)  
Old Akro
Join Date: Feb 2006
Location: Melbourne
Posts: 1,658
Dick, I have only read the recommendations & exec summary, but it seems to focus on refining the current structure and operation rather than substantively changing it.

We might have hoped it would call for a move to the NZ regs, but its not there.
We might have hoped that it would call for a significantly different board structure, but its not there.

While the reports that the industry complains about regulatory burden, there is nothing in the recommendation that seems to address this. Indeed, its call for amendments makes me fear that the hamster wheel is about to turn again and we'll get a whole new round of regulatory reform.
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