. ASIC handles breaches of the corporation act such as directors not acting in the best interest of the company https://asic.gov.au/about-asic/contact-us/how-to-complain/report-misconduct-to-asic/ Consequences of failing to perform your duties as a directorIf you fail to perform your duties as a director, you may:be guilty of a criminal offence with a penalty of up to a maximum of $200,000, or imprisonment for up to five years, or bothhave contravened a civil penalty provision (and the court may order you to pay to the Commonwealth up to $200,000)be personally liable to compensate the company or others for any loss or damage they sufferbe prohibited from managing a company. They probably won’t be able to touch them in China.
WOF Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held