Reserve Bank governor Graeme Wheeler will heed the advice of his lieutenants in making major policy decisions and will make more public appearances. The central bank is establishing a Governing Committee made up of himself, his two deputy governors Grant Spencer and Geoff Bascand, and assistant governor John McDermott to “discuss all major monetary and financial policy decisions falling under …

Labour MP Clayton Cosgrove will attempt to force the former chief executive of Solid Energy, Don Elder, to appear before the commerce select committee. Cosgrove dominated the committee hearings throughout the day at Parliament, using the opportunity to torment the chairs and chief executives of MightyRiverPower and Genesis Energy, but was at his most aggressive in pursuing information on Solid …

The former chair of companies in the collapsed construction group Mainzeal, Dame Jenny Shipley, faced hostile questions on her suitability as chair for state-owned electricity company Genesis Energy. Appearing before the commerce select committee for a regular performance review by MP’s, Dame Jenny would not answer calls from Labour’s Clayton Cosgrove for assurances there was nothing relating to her Mainzeal …