The Serious Fraud Office has today laid Crimes Act charges against Glenda Mary Wynyard (48), the former director and owner of The Media Counsel, in the Auckland District Court.
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The Media Counsel hit the skids back in February 2010. And in the fifth six-monthly report, liquidators McDonald Vague are in no doubt as to what caused it: “The reason for the company’s failure lies solely with [Glenda Wynyard’s] action of removing funds from the company to fund her own lifestyle”. And as a result, Wynyard’s conduct is currently being investigated by the Serious Fraud Office.
It’s been almost four months since Glenda Wynyard and her company The Media Counsel ceased trading. And on 22 April Boris van Delden and Iain McLennan of “insolvency and business recovery experts” McDonald Vague (MVP) were finally appointed as liquidators.
On Tuesday last week, The Media Counsel ceased trading after managing director Glenda Wynyard put the company into voluntary liquidation. Since then, there has been no official comment from Wynyard, a representative from Aegis/Carat or a liquidator, which means details about the amount owed and the reasons behind the decision have been scarce. But there’s been no shortage of speculative commentary, mudslinging and confusion.
A check on the Companies Office website shows The Media Counsel has not yet been officially placed in liquidation. But company directors have just five working days from the announcement of a liquidation to notify the Companies Office about it, whereupon its status will be updated and a liquidator will be appointed.
Glenda Wynyard has come out firing, with all guns swinging and six cylinders blazing in response to the loss of PMAA accreditation for her media agency, The Media Counsel.
Mashed metaphors can’t quite capture the gutsy response from the flamboyant media buyer.
“I’m a fucking street-fighting …
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“As far as CAANZ is concerned, this is a TVNZ initiative aimed at improving its financial performance,” he writes in a formal response from CAANZ.
TVNZ claims the industry …