It will be near impossible to clean out all the crooks on the ASX but all it will take is one dodgy director to go to jail and all the other cowboys will be looking over their shoulder.
At the moment, they know there is no punishment so they operate with no fear. If they know there is a chance they could spend several years behind bars, they maybe they will act in the interests of all shareholders instead of a select few.
There are now a few shareholder groups up and running. I think a couple of them will make real waves this year.
top 20 shareholders of hdy, page-25
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