''I think when a CEO/Director goes rogue, to the massive detriment of the shareholders, the listed company should be entitled at very least to pick up the pieces and to change business direction "significantly" (if need be) esp if it loses its main income assets/source/business description because of a rogue director/CEO,without having to re-comply with ASX listing admission/quotation requirements along with shareholder approval etc.''
Sorry Warnie....when a CEO/Director goes ''rogue'' it is completely implausible that somehow he was acting without the knowledge and/ or blessing of the Board and other management
A company lives and dies by the person in charge...they put him there....and the company as a whole faces the consequences of his actions...they can't play innocent for readmission purposes
The ASX would be 100% correct to insist on re-compliance...to do otherwise would make a mockery of the system
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