SEN 4.17% 4.6¢ senetas corporation limited

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  1. 349 Posts.
    Heightened global security concerns, combined with an increased scrutiny of corporate finances, are creating plenty of opportunities for Senetas, Galbally says. He lists the Sarbanes-Oxley corporate compliance Act in the US and Australia's Corporate Law Economic Reform Program (CLERP 9) as key drivers.

    Melbourne lawyer and chairman of the company's three-man board - came under fire for the company's low profile, with angry shareholders blaming the secrecy surrounding many of Senetas' multimillion-dollar deals.

    "We are forever criticised for the fact we do not give more information in relation to what we do. Many government organisations are reluctant to disclose the technology they use to secure their networks, so in a sense we are the world's best-kept secret," Galbally says.

    "The Australian Federal Police was one of our first customers and has been using our technology for the last four years - just don't ask me what they do with it."

 
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