Story: Stock market

Market Surveillance Panel, 1992

Market Surveillance Panel, 1992

The 1987 crash led to a tightening of stock market rules on the part of both government and the New Zealand Stock Exchange itself. The exchange established the Market Surveillance Panel in 1989 as an independent body of brokers, accountants, lawyers and company directors. Its role was to make sure all listed companies complied with listing requirements and to investigate dubious practices. The 1992 panel were (standing from left): Brian Kreft, Colin Giffney, Philippe Leloir (secretary), Charles Bolt and John Anderson, and (seated from left): John Hagen, Stephen Franks, Barry Lindsay, Norman Johnston, David Sadler and Kevin O’Connor (chair).

Courtesy of NZX

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How to cite this page:

David Grant, 'Stock market - Institutional reform and technological change', Te Ara - the Encyclopedia of New Zealand, (accessed 11 July 2020)

Story by David Grant, published 11 Mar 2010