Ann: Federal Court approves resolution of ASIC civil proceedings, page-79

At the end of the day a Board's responsibilities are to establish a governance framework, including a compliance framework to ensure the organisation meets its obligations in this case in terms of what was said in the presentation. Even if BB went off "reservation" ultimately the Board is responsible as he was representing them and the company. The responsibilities of directors have significantly expanded in terms of potential liabilities in recent years not just for public companies but also private companies over a huge gamut of Company activities where previously they were not held directly responsible.

I would imagine a deal has been done between the legal representatives where the Board basically said BB had moved out of the scope of what they permitted him to say - they did a deal - plead guilty, ASIC got a successful result, BB lost his job and and shareholders copped paying a fine via the company.