"ASX haven't announced this to the market as they're insured".... ....... but does the insurance cover executives making ill-considered decisions.
one might say that Kevin Lewis had a predetermination to bump ISX even when there was no clear evidence to support their "suspicions".
Should the company's insurance pay out on a dumb decision by an employee?
Was/Is KL so insured for professional liability that covers errors of judgement?
I don't know the answers and I'm really just guessing, but I'm damned sure that any insurance co. would be anxious for a settlement to reduce cost.
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