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75 Posts.
12
09/08/21
16:36
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ASIC clearly states
“When you make a business decision as a company director, you must, amongst other things, ensure that you:
do not have a material personal interest in the decision and make it in the best interests of the company”
This loan and conditions clearly show that TC has both a material (interest on loan) and personal (keep him and his buddies on the board) interest.
They really just don’t care about any rules anymore.
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