This week on the Chanticleer podcast, Tony Boyd and James Thomson dig into the latest mess at Star and look forward to markets in 2023. Listen today:
sues Star directors and executives”Joe Longo is basically putting a stake in the ground to remind directors and senior management, particularly general counsel, of their duties. ... It’s an inflection point in how Australia’s legal authorities are going to look at the governance of companies.”“This was all about the VIP business ...
is saying essentially that directors didn’t pay enough attention to even though it was clearly the most risky part of the business.After being totally blindsided by [ASX] and its failure to manage the CHESS project, and the RBA have had enough and they’re basically telling the board, we’re going to follow everything you do and go through it with a fine tooth comb.”“One thing that really stands out about this particular transaction is that it’s not necessarily about the money. I don’t think Mike Cannon-Brooks is doing this to add to his already $17 billion in wealth. It’s really about him trying to use his power and influence for what he would say is the good of Australia.
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