WELLINGTON: The New Zealand Stock Exchange (NZSE) has caused
ripples in the country’s PR community by hiring the Wellington office of
The agency recently threatened legal action against the Public Relations
Institute of New Zealand (PRINZ) to stop the institute releasing the
results of an investigation into aspects of Shandwick’s work for
state-owned enterprise, Timberlands.
Shandwick’s tactics were alleged to have included establishing a bogus
organisation to support Timberlands’ logging of native forest.
The NZSE has faced a barrage of criticism for the poor performance of
the market and over plans to merge with its Australian counterpart.
Shandwick New Zealand CEO Klaus Sorensen says there are ’a number of
misconceptions about the NZSE which we are setting out to clear up’.