Ann: YBR AGM Chairman's Address, page-2

during the investment phase says Bouris.
when he should be talking about divestment...it's a symptom of the problem that he paid nothing for his YBR shares.
meantime..the Hayne Inquiry spells the death knell of the trail commission .
Here's an excerpt from the Westpac's CEO's appearance yesterday:
Mr Hodge reeled off a range of “potential reforms” that he said Westpac opposes (and to which CEO Brian Hartzer agreed).
Mr Hodge said: “It [Westpac] opposes preventing authorised representatives from recommending a product manufactured or sold by the licensee?
“Yes,” Mr Hartzer said.
“It opposes requiring annual as opposed to biennial opt-in notices for ongoing fee arrangements?” Mr Hodge asked.
“Yes,” Mr Hartzer said.
“It opposes structural separation between product manufacturers and advisers? Yes. In respect of consumer lending, it opposes any duty being imposed on intermediaries beyond that imposed by the Combined Industry Forum?” Mr Hodge asked.
“Yes,” Mr Hartzer said.