Ann: Proposed issue of securities - CLZ, page-12

I’m certain someone, somewhere, someday will write a book about this. The title will of course be a matter of perspective. “How to….”

Directors and management are fiduciaries with responsibilities to shareholders. Directors in particular have a duty of care and diligence under both general law and the Corporations Act.

Regulators have an important role to play in identifying and prosecuting wilful misconduct and predatory trading practices.

It is unfortunate their resourcing challenges figure so heavily in their “public good” and prioritisation assessments.