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knott pushed not resigning

  1. 831 Posts.
    David knott has been under significant pressure to look elsewhere and is not as widely reported making a surprise resignation from the regulators chair.

    The FAI, HIH and Ansett and Rivkin sagas were not to his credit either. Long before these miscreants were brought to book by falling on their own swords with a little help from the public, Knott and his officers were steadfastly refusing to accept bona fide complaints against these operators, their companies and their breaches of the companies code.

    At a personal level, the regulators complaints bureau refused to return calls, had calls taken and then with the benefit of the information provided (prepared by a lawyer) came back with the response that "No offenes had been committed or that no reasonable grounds existed for their investigation". Such responses went on till at least 3 months before the big falls of these offenders.

    It still remains his legacy that AMP were not brought to book at the appropriate time and the 200 or so companies listed that are by their own reckoning, insolvent or illiquid remain listed.

    Good riddance to Bad rubbish. I wonder which firm would seek to be brazen enough to now engage him.


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