PPB Advisory + Disclosure

An interesting article today in The Australian reporting on PPB Advisory's stance that Directors should have a legal shield when attempting to negotiate a turnaround in their company's fortunes:

"The firm also says directors of sharemarket-listed companies should be protected from continuous disclosure obligations so they are not personally liable for innocent oversights when updating the market during the “tense and complicated” time of talks over an attempted restructure or turnaround operation.

Obviously PPB are very much larger than just the NewSat case and in most likelihood there is no correlation between their stance on the subject and Newsat's predicament.  However, it did make me wonder given they will be privy to Newsat's board and its executives attempt to keep the ship afloat

http://www.theaustralian.com.au/bus...ompany-directors/story-fn91v9q3-1227431434906