Not a question of whether they condone it or not and there is nothing in the Corporations Act saying that directors and management are to prefer long term interest of company over short. The requirement is to act in the best interests of the company as a whole. As far as information is concerned, the obligation is to make sure it is not misleading or deceptive or capanble of being so. The requirement doesnt say that they can mislead or deceive short term investors as long as the longs are sweet.
TIS Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
