DCHL changes lack transparency —where’s the report, Shale?

Calvin Oaten draws attention to this advertisement appearing in the Business section today:

SST 7.7.13 DCHL advert for directors (page D7) 1

Earlier comment:

Submitted on 2013/06/20 at 5:44 pm

Calvin, I note the DCHL ‘shake-up’ restructuring plan is very slow to surface. Why? Perhaps Mr Denham Shale and Mr Bill Baylis are not aware of the need for public accountability and transparency. We have been waiting MONTHS and MONTHS for their information.

In August 2011 the Dunedin City Council voted to accept radical recommendations in the previously confidential Warren Larsen Report (released 11.8.11) that slams governance of Dunedin City Holdings Ltd (DCHL), the council’s holdings company.

Warren Larsen Report (PDF, 3.9 MB)
Governance review of all companies in which Dunedin City Council and/or Dunedin City Holdings Limited has an equity interest of 50% or more.

Related Post and Comments:
27.6.13 State of the City —DCC or Dunedin?
22.5.13 Dunedin mayoralty and the Q-town heavies
13.8.11 Ridding DCHL of conflicts of interest, Otago business monopoly ‘by director’, and other ghouls

For more, enter *dchl*, *dcc*, or *dvml* in the search box at right.

Posted by Elizabeth Kerr


Filed under Business, DCC, DCHL, DVL, DVML, Economics, Hot air, Media, Name, People, Politics, Project management, Property, Sport, Stadiums, What stadium

10 responses to “DCHL changes lack transparency —where’s the report, Shale?

  1. Mike

    I do think the game of “Twister” company logo is somehow wonderfully apt

  2. Anonymous

    A couple more of the stakeholders’ mates being rewarded with perk jobs then? Ex Delta executive? (refer Tagged As section above).

  3. Peter

    Calvin. I’m sure it was an oversight and can’t imagine why they didn’t think of approaching you to be a director. Why don’t you put yourself forward? Come on. Don’t be shy.

    • ### ODT Online Mon, 8 Jul 2013
      Hope DCHL review done by year’s end
      By Debbie Porteous
      The men responsible for a major review of the way Dunedin City Council-owned companies are run hope their job will be done by the end of the year.
      Denham Shale and Bill Baylis are to step down from the interim board of Dunedin City Holdings Ltd(DCHL) once the board’s review of the council’s group of companies is complete and two replacement board members have been found.
      The interim board is charged with reviewing the operation and governance of the council’s group of companies following the disclosure in 2011 of a multimillion-dollar annual shortfall in DCHL’s planned dividend to the council. DCHL is the holding company for Aurora Energy, City Forests, Dunedin City Treasury, Delta Utility Services, Taieri Gorge Railway and Dunedin International Airport Ltd. Following an independent report on DCHL by Warren Larsen, the board of DCHL was sacked by the council in November 2011. Its then five-member board either quit or were removed.
      The board is to present its report on its review to council in the next two months. The report is to recommend changes within the group of companies and could include identification of company assets that are underperforming and possible candidates for sale.
      Read more

  4. Jeez Peter; I struggle to direct myself to the toilet, never mind directing DCHL. But on reflection, perhaps I am qualified.

  5. Mike

    All you need to do is to sit in the corner and periodically say “do you really think this would be prudent”. Chances are, more than half the time you’d be right and would do a world of good.

  6. Peter

    OK, Calvin, but as things seem to be rather incontinent with DCHL, I don’t see a problem. So, how about you, Mike? You have a good handle on things.

  7. Mike

    I don’t know, would it be like being on the council, would I have to wear a tie?

  8. Mike

    But it restricts blood flow to the brain, it explains much about local business and politics.

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