We must keep a close eye on this.
A few years ago Lyttleton Port Co. had nearly settled a strike, when the union went to ChCh Labour City Council ,who owned the majority shareholding in Lyttelton Port Co,and demanded they step into the dispute. Two ChCh City Holdings directors,Paddy Austin and Craig Boyce [chairman of SCY],met with Lyttleton Port Co Chairman Dr.Brent Layton and demanded he settled the strike in the unions favour.Layton resigned and kept his reputation intact.ChCh City Holdings then appointed Barney [my grandfather was a ship's captain] chairman.The Lyttelton Port Co's share price went into a down trend straight away,and shareholders only got out when ChCh City holdings brought them out..
A hopeless situation which I am sure Shane Jones would like to see repeated .
People like Shane Jones do not give in.
I would not be surprised to see the whole AIR board resign,when the current government appoint "their" director when a vacancy arises.
Google Lyttleton chairman resigns.