From a tactical perspective, this report adds weight to the company's position and may help:
- Mitigate the magnitude of any fall out, should there be any.
- Place sufficient tension upon ASX to expedite the activity - in particular given ASIC did not initiate the activity.
- Provide current and potential shareholders with confidence in the company's governance.
Obviously, given ISS is the world's largest proxy advisory and governance research firm, this provides additional credence which can not be so easily dismissed.
The above said, this does not mean that any outstanding questions should not be concluded appropriately, but it does help tip the imbalance that appears to exist.
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