Behind the scenes of a decade of sharemarket scandals

Over the past 10 years, billions of dollars in shareholder capital have been destroyed in the Australian equity market as a result of unethical and poor decisions by management and boards.

Having had a front row seat to (and occasionally starring role in) a string of scandals, independent journalist Joe Aston says too often they are caused by human greed and ego, and that investors have a critical function in promoting governance.

In a candid fireside chat with Conexus Financial editor-in-chief Aleks Vickovich, Aston reflects on his 12 years helming the AFR’s notorious Rear Window column and takes listeners behind the scenes of some of the nation’s biggest corporate blow-ups.

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If the aim is fewer licensees, let’s say so and choose them wisely

If the aim is fewer licensees, let’s say so and choose them wisely

: Shifting the burden of funding the ASIC levy from individual advisers to licensees sounds great in practice but could drive hundreds of smaller, well-run licensees out of business. If reducing licensee numbers is the intention, other ways must be found to do it.

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