Anthony Pesec alleges construction giant executive profited by discounted company shares, court hears

Mr Zivko had been granted a series of 11 options to buy company shares between 2000 and 2007, some of which had been exercised.

There was also a concern that Mr Zivko had caused the shares to be issued to entities associated with him at"unreasonable values", the decision said. The judgment said Mr Pesec had informed the company of his concerns, and it had established a sub-committee to investigate the allegations.The decision said a director, who criticised Mr Pesec's conduct, was appointed to the sub-committee.

"I am satisfied that it is appropriate to exercise the court's discretion … to require the company to produce a number of documents as set out in the terms of the order," she wrote.

A businessman was dodgy to increase profits?! Nooo. Maybe punish big businesses by banning them from operating. Cut off their life line, seems fair since they deny workers basic rights & fair wages.

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Construction industry could stall due to flammable cladding riskIndustry bodies have said construction across Australia could come to a halt because building surveyors will not be able to secure compliant professional indemnity insurance from next month. Class action looks the only hope......All Victrorian government buildings are being repaired......the other 600 buildings and thousands of appartments get nothing from state labor government. Its a time bomb waiting to happen.
Fonte: abcnews - 🏆 5. / 83 Leggi di più »