Prolific businesswoman and philanthropist Jan Cameron has been disqualified from heading companies for five years after being found guilty of not disclosing shares worth millions of dollars.
Magistrate Michael Daly on Thursday recorded a conviction against Cameron on the two charges, which carries an automatic ban on directing or managing a company for five years.An earlier court hearing was told Cameron, who didn’t answer questions from media outside court, had lodged an appeal against the guilty ruling.
“She is an extraordinary Australian. She would have to pull her head in and not do all this wonderful work for Australia,” he said. Mr Daly noted Cameron was a person of the “highest character”, apart from the two offences, and was a sophisticated investor and director.
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