and the crowd shouted Crucify Him!

Jesus of Nazareth defied the religious authorities ..and was crucified.
Keith Cohen defied the regulatory authorities..and he will be crucified.
No, he wont be crucified ...he  will will be disqualified by APRA from being a director of an insurance company and will feature on this list:
https://www.apra.gov.au/disqualification-register
The other directors of Freedom Insurance wont be crucified but they will be pursued into the courts on a charge of failing to discharge their duties faithfully . They will be removed - either by court order obtained by ASIC  or by a vote of shareholders .