Diligent controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Revenue restatement and NZX listing-rule breaches
Diligent announced a restatement covering the current and preceding three years because of revenue-recognition and installation-fee accounting practices. The company said no fraud was involved, acknowledged inadequate accounting systems, and received an NZX fine for minor listing-rule breaches.
2007
Disclosure controversy surrounding founder Brian Henry
Shortly after Diligent’s NZX listing, media scrutiny focused on historical bankruptcies involving founder and chief executive Brian Henry and his brother Gerald Henry. Diligent clarified that Gerald Henry was not associated with the company. Brian Henry resigned as chief executive, while remaining connected to the board.