What reason can there be for directors to keep details of executive packages from their shareholders. Secrecy is what gave us the AWB shenanigans and there is no excuse for it.
Auditors need to include secrecy and half truths in their reviews, so as to ensure information is publicly and easily available to shareholders.
This is not a competitive issue and no secrecy is justified.
Onésimo Alvarez-Moro
See article:
Less than 15 kilometres south-west of Capitol Hill on the outskirts of Washington, DC, lies the town of Alexandria, where blood was first shed in the American Civil War. Here, too, in a Securities and Exchange Commission office block archive near the edge of the gently flowing Potomac River, are other vestiges of history.
The block houses the SEC's archives, and among its array of historical company filings should be a document Telstra does not want you to see.
See full Article.
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