The Trust was established in April 2002 following the out-of-court settlement of an insider trading case taken by a private consortium of Fletcher Challenge shareholders against former Fletcher Challenge chairman Kerry Hoggard.

Proceeds from the settlement were placed in the Trust to be used to provide support to shareholders who wish to right, usually by legal remedy, a business wrongdoing. Support may be in the form of financial assistance, advice or advocacy.

The Trust aims in particular to assure participants in the New Zealand securities market that potential wrongdoers cannot count on a dishonest act going unremedied because enforcement of the law has become too expensive or cumbersome, or unrewarding and therefore unlikely.

Since it was formed the Trust has had a number of approaches from parties seeking assistance, and as at June 2006, had underwritten one appeal, assuring the appellants of cover should they attract an adverse costs award, and made one grant. The Trust wants its purpose to be broadly known and has accordingly established this website to explain its criteria and promote its objectives.