New Code Committee members finally revealed
At the urging of Good Returns and one of our very persistent readers, thefinancial advice Code Committee has finally updated its website to reveal the names of its two new committee members.
According to Commerce and Affairs Minister David Clark, the appointments were made in mid-April, after the committee had been operating unlawfully for almost a year with less than the
statutory minimum number of members.
But while he notified our reader – a senior adviser – of the appointments, Clark failed to identify the two new members. And while the minister said they were appointed more than two months ago, their names had not found their way onto the committee’s website.
The minister is required by law to appoint new members when their number falls below seven. Since July last year, the committee has been operating with only six.
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