'Burdensome regulations are preventing companies from going public' | Sky News Australia

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Former Australian Stock Exchange Board Chair Maurice Newman says burdensome regulations and growing social responsibilities are preventing companies from going public. KennyReport

Former Australian Stock Exchange Board Chair Maurice Newman says burdensome regulations and growing social responsibilities are preventing companies from going public.

Mr Newman on Thursday expressed nostalgia about a time many people owned a piece of their company and said "we’re going to lose that.". He said part of the problem was the social responsibility increasingly required of businesses - to the "detriment of risk-taking". "What we're seeing is a growing number of new generation directors who are into virtue signalling.

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Poor snowflake. Society doesn't need to be bullied by corporate clowns - regulations exist FOR A REASON and ARE A GOOD THING! Libertarian private-school-boy neoLiberal Party Voters in their real estate/finance/business jobs wouldn't know from their McMansions...

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