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What advice, if any, did the Minister receive about the outgoing Financial Markets Chair, Mr Stobo, declining to have a routine credit check done in 2024 as a part of the recruitment process run by the Ministry of Business, Innovation and Employment (MBIE)?

Answered Question 18724 (2026)
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Asked by

Arena Williams

Member for Manurewa · Labour Party

Question

  • What advice, if any, did the Minister receive about the outgoing Financial Markets Chair, Mr Stobo, declining to have a routine credit check done in 2024 as a part of the recruitment process run by the Ministry of Business, Innovation and Employment (MBIE)?

Answered by

Cameron Brewer

Member for Upper Harbour · National Party · Minister of Commerce and Consumer Affairs

Answer

As part of the advice from MBIE outlining the outcome of Wendy Aldred KC’s investigation, I was advised that Mr Stobo declined to have a credit check as part of the recruitment process.