Geneva spurns attempt to oust directors

The New Zealand Shareholders Association sent shareholders of Geneva a letter this month calling for the removal of chairman Brian Walsh, managing director David O'Connell and Peter Francis from the board. It proposed association chairman Bruce Sheppard as a replacement.

The association's letter is "scurrilous" and calling a special meeting would be a waste of money when Geneva is scheduled to hold its AGM by the end of October, O'Connell said in a statement.

The company has a moratorium on some NZ$138 million of deposits.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Meridian Energy monthly operating report for February 2026
MCY - Mercury considers Green Bond offer
March 16th Morning Report
Metro Performance Glass FY26 Market Update
Devon Funds Morning Note - 13 March 2026
Devon Funds Morning Note - 12 March 2026
TCM - Financial Model
BRM - Scheme of Arrangement Update - NZ Commerce Commission
Devon Funds Morning Note - 11 March 2026
BGP - Full Year Results to 25 January 2026