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clock Created with Sketch. 16/09/18
08:59
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Originally posted by jimk3758
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I was furious that the BOD were going to get off Scot-free on this. The SGH settlement offer was specifically structured to let the BOD off Scot-free. However the alternative was no settlement with SGH wound up and all assets sold and going only to AC. The insurance would take years to get and less by $4m AC stumped up and less the extra legal costs required beyond the early settlement offered by SGH/AC.
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Oops of course the last sentence sould be ASIC is overburdened and underbrained. I don't think that about the current SGH which has made it clear to shareholders they are looking after AC interests.
