Guess OMN is a publicly listed company in Australia because the governance is well a bit of a misnomer. Risk is laden on but never done anything about by regulators, Governments, exchanges or Attorneys, Class Action ones and litigants. Compliance is well existent as a dream of egalitarian whereas the practical outcome is an ASX where all market participants are treated anything but even near equal.
With the governance, risk and compliance in Australia, ASX and all the scandals, banks, insurers, HIH, energy companies, Alinta, Babcock & Brown, financials like STORM, education companies like ABC LEarning, the mineral companies, Pasminco, all the insider trading, it does in fact surprise me that Australia still remains with a similar system to the one that it had when the market was created, or the "market" in 1788. It is good and quaint in a way.
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