Directors and investors beware

It will be cold comfort to the people who lost fortunes in Lombard Finance that Sir Douglas Graham also lost a large amount – a couple of million dollars.

The sentence of fines and community service handed down to him and other directors won’t help those who lost money either.

But it is a warning to other directors of their responsibilities and to investors that there’s a correlation between risk and return, no matter who’s running the company.

One Response to Directors and investors beware

  1. Colin McIntyre says:

    As well as for his association with Lombard Finance, Sir Douglas will be remembered for his generosity in regards to Waitangi Treaty claims.
    Attorney General Chris Finlayson, a list MP,is no slug in continuing the same rort.

    Like

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