Ann: Response to ASX query, page-17

Cafa, if u were a New York Attorney like the SRX Chairman Richard Hill is, u would be wondering what sort of corporate legal system/ regulation applied in Australia and why they were so far behind the Centuries that the governance seemed pre-1929 with Gilman so complacent that he made those trades when he did. Did he have any regard to the rules, disclosures and risks and how it would look or was he so complacent because of corporate inaction in the past?

I mean the ASX has Corporate Governance from back in the bootlegging days, one day ASX and Australia might grow up. Even the NZX is getting a new code, a new tribunal and things, Australia does nothing.

If u were Mr Hill, would u not be worried that a Bayer or Teva or Astra or Valeant or Shire coming in, might see under the bonnet at the poor state of corporate affairs at SRX? Would u not be worried about ur reputation within the New York legal system?