TGA thorn group limited

Ann: Profit Guidance, page-12

  1. 3,643 Posts.
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    I was actually thinking why should shareholders lose as the result if a decision by management which was clearly not in the interests of shareholders and against the rules of selling products to Centrelink clients who are financially weak?

    Directors are required to act in the best interests of shareholders (directors duties)

    In addition they are supposed to act within the legal framework

    It seems to me they and not the shareholders (who did nothing wrong) should pay.
 
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