I’m having trouble finding the site to lodge my opinion about...

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MirCat

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29/10/20

21:11

Post #: 48506191
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Originally posted by BellGuide3124: ↑

Has anyone ever examined how some ASX companies get away with certain practices which defy fair play? Apart from the practice of letting listed companies announce increased sales without the requirement of including a guidance of increased costs, there is also the practice in some few cases of ASIC & ASX letting company executives use listed company money to issue themselves free options and advance loans to buy shares which are later redeemed in a systematic way back to the company after executives buy shares on market at lower prices. Not illegal but ethically questionable imo which increases the number of legal tricks in our system of capital formation. But then if ASIC management thought it was ok to pay $118,000 for tax advice for a new staff member on how to structure his affairs which I can only assume was to minimise tax then how can ASIC & Austrac be trusted to perform their duties perfectly and then expect the banks to be perfect & expect they pay multi $billion penalties?

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I’m having trouble finding the site to lodge my opinion about the proposal to force all communications electronically and all AGM virtually!

I believe that it was a sneaky move, by only allowing two weeks for feedback to make permanent changes to the Corporation Act!

Just recall the power of Packer influence and the Nab former chairman admitting that some management received their remuneration without reach the target.
A simple question from a shareholder about Packer's relation with the board and management has caused a inquiry.

What people must not forget that amongst the top 20.....many receive their rewards in a similar process that they are voting on!
It is their interest to deter retail shareholders, as they view us as a hinderance to achieving their goal?
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