The ‘bemusing’ world of patsy directors
ANALYSIS: Why do shareholders appoint a patsy to their boards just before their companies fail?
WATCH: NBR senior journalist Nicholas Pointon speaks with Jonathan Mitchell.
At first glance, Toakipa Tasefa looks like the world's unluckiest director.
Almost every time he is appointed to a board, the company goes into liquidation just days later. Shoeshine has counted 13 examples since October.
What’s uncanny is that in 12 of those examples, another director, Auckland
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