Observations
Dec 30, 2022In a case which some have called a "landmark,” the Australian Securities and Investments Commission (ASIC) put directors and executives on notice that they will be held personally accountable for wrongdoing at the firms they oversee. Alleging that they had failed to exercise statutory duties of care and diligence at crucial board meetings, ASIC filed a civil suit against 11 officials from casino operator Star Entertainment.
Observations
Feb 07, 2022Observations
Dec 14, 2021Westpac chief executive Peter King has vowed to tackle widespread compliance problems as the Australian bank faces $113 million in fines for misconduct scandals, including the charging of 11,000 deceased clients for financial advice.
