An article in yesterday’s Herald raised some more questions over how Key has handled the management of his share portfolio. However it looks like it would be easy enough for him to clear up. According to Paula Oliver:
Eyebrows were raised around Parliament this week when Mr Key said Mr Leggat could buy shares with his money in the trust without first asking him….But Mr Key said his arrangement with Mr Leggat was “informal” and there was no written documentation regarding the arrangement.
Stock exchange rules of the time would appear to suggest there should have been – something Mr Key does not want to elaborate on. Mr Leggat said he could not talk about the issue of discretion because of client confidentiality,
Given Mr Key’s committment to be open and transparent why doesn’t he just give Mr Leggat permission to talk about the arrangement? Or is it because he has once again been slippery with his descriptions? I would suspect after last week, where Mr Key showed considerable ease in his “mis-direction” of the media, that it makes sense to for someone at least ask.