Greymouth board dysfunction 'more serious'

Dysfunction at the Greymouth Petroleum board has become "more serious" since a judge ordered one group of shareholders to sell up, the High Court has heard. Greymouth Petroleum chairman Mark Dunphy and fellow director Peter Masfen have been embroiled in a dispute with estranged board member Jim Sturgess since 2011 after what an interim judgment referred to as a "destruction of trust" between the parties ... READ MORE

Released by The New Zealand Herald - 23 July 2013