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# Face of the Day
- URL: https://goodoil.news/face-of-the-day-763/
- Published: 2023-06-21T18:30:51.000Z
- Updated: 2023-06-21T02:24:10.000Z
- Author: Good Oil Staff
- Tags: NZ, NZ Politics, Politics, #wp, #wp-post, #Import 2024-07-16 22:22

Michael Wood is Face of The Day after being [effectively sacked for lying to the Prime Minister](https://www.nzherald.co.nz/nz/prime-minister-chris-hipkins-reveals-michael-woods-future/EFRLIOY63FE3BCFXFTXFX3OXGQ/?ref=goodoil.news) and failing to disclosed other conflicts of interest.

> Michael Wood has quit as a Cabinet minister after it emerged he had more shareholding interests in areas that clashed with his portfolios.  
>  
> Prime Minister Chris Hipkins confirmed Wood’s resignation today, saying he became aware of the fresh issues yesterday.  
>  
> It has emerged Wood held further shares in Chorus, Spark and the National Australia Bank, further to his Auckland Airport shares, that have since been disclosed to Hipkins.  
>  
> Wood’s failure to manage the conflicts of interest was “beyond frustrating”.  
>  
> The bank shares weren’t disclosed when the Cabinet discussed a possible market study into the banking industry. That was despite repeated requests from Hipkins and others for Wood to disclose his shares.  
>  
> “New Zealanders expect and deserve very high standards from their ministers,” Hipkins said.  
>  
> Hipkins said he was frustrated and angry at the revelations.  
>  
> *NZ Herald*

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