Has Andrew Purcell breached the law by becoming a consultant to QGC after resigning as CEO/director of SGL????
Found these bits in Corporations Act.
Section 183 among other things says-
A person who obtains information because they are or have been a director or other officer or employee of a corporation must not improperly use the information to:
a. gain an advantage for themselves or someone else, or
b. cause detriment to the corporation.
Note: This duty continues after the person stops being an officer or employee of the corporation.
Section 185 includes-
Use of Information - directors, other officers and employees.
A person who obtains information because they are, or have been, a director or other officer or employee of a corporation commits an offence if they use that information dishonestly:
a. with the intention of directly or indirectly gaining an advantage for themselves, or someone else, or causing detriment to the corporation; or
b. recklessly as to whether the use may result in themselves or someone else directly or indirectly gaining an advantage, or in causing detriment to a corporation.
If Purcell has breached the Act, QGC are also probably in breach. So much for corp governance.
And what about SGL's lawyers - they now act for QGC - reckon there would be tougher restrictions on lawyers than directors/employees.
I'm not a lawyer but happy to be corrected.
I hold SGL shares.
- Forums
- ASX - By Stock
- conflict of interest?
SGL
ricegrowers limited
Has Andrew Purcell breached the law by becoming a consultant to...
Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SGL (ASX) to my watchlist
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online