Val,
Becoming a director of a public company is not open to just anyone as i am sure you appreciate.Generally speaking these people are of high ethical standing and are very aware of the strict code of conduct set out by asic/asx.
Asic/asx allthough not across every transaction of every director of every company, they do monitor and have audit teams which do thoroughly scrutinise company transactions
at their choosing, much like the ato.
To suggest company directors would risk going to gaol for a substantial period for doing a few sly transactions is doubtful. Why would they?
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