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Article: Report pans Wool Board
- Article from:
- The Press
- Article date:
- June 28, 2000
CopyrightCopyright 2000 The Press. Provided by ProQuest LLC. (Hide copyright information)
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WELLINGTON -- Australian consultants called in by New Zealand's
Wool Board have recommended the producer board be axed, several of
its subsidiary arms privatised, and its $116 million reserves
divided up.
The consultants, McKinsey and Company, said if farmers accepted
its recommendations for future strategies there would be no
significant function left for the Wool Board to perform.
"The time has passed in which the board can be an effective
promoter of New Zealand wool, or an effective mediator of grower
concerns," McKinsey and Company consultant Andrew Grant said.
Assets created on growers' behalf could be used more effectively
by commercial companies with a degree of entrepreneurialism ...