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If we back out your partisan slant, clearly reducing the burden...

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    If we back out your partisan slant, clearly reducing the burden of lawsuits on boards and KMP of major companies does help the economy in general. The time, money and subsequent high insurance premiums are a cost. Obviously there will be some boards and KMP that have bad intentions and will face less consequences as a result of this, there are always trade offs. Though important to note the really bad ones, intent to decieve, grossly incompetent can still be pursued. Its only now the ones relating to subjective opinions on timing of disclosure etc will be stopped. If you invest in ASX companies in general you should support this, the parasitic class actions cost all investors indirectly.
    Last edited by JoeGambler: 11/08/21
 
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