The T/A overwhelms F/A after industry events such as the one perpetuated by Laura and Shona. That is why you have ASIC/ NZX code and the proposed updated NZX Corporate Governance Best Practice Code just in time for PM Bill English's first year at Premier House.
In NZ but perhaps not in ASX, what happened would be immediately destined for not only Markets Investigation but sanctions would be very grave indeed and BAL would not be a "going concern" for much longer. The Governance, Risk and Compliance Codes down under at least in NZ are getting much tougher and more punitive to protect the NZ dairy industry and investors.
Do not know what is happening in Australia, perhaps under Turnbull, not much more. Under Bishop or Morrison in the new year, that may change with more focus on corporate regulation, governance, risk, compliance, capital and disclosures.
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