The performance of CLZ, and its executive and management team is...

The performance of CLZ, and its executive and management team is recorded for prosperity in large part through its statutory reporting. There is of course always more to the story, but the more is not enough to change the dominant narrative, which is not a good news story.

Environment and Social Governance is very topical, however an audit of ethical practices, corporate culture, and regulatory compliance - in particular in relation to related parties transactions - would offer greater value to the business and shareholders.

Ensuring appropriate alignment between executive compensation and shareholder interests, and ensuring executive compensation is tied to short and long term performance metrics, should also be a key priority.

ASIC should reconsider the criteria and thresholds it uses to determine whether it assesses individual cases, or introduce alternate government-led mechanisms to prosecute serious or systematic breaches of the Corporations Act, or conduct which is demonstrably not in the best interest of shareholders.