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DroneShield’s governance farce makes its trust problem worse

DroneShield’s governance shortcomings have been horribly exposed by the mass sell-down of stock by its CEO, chair and director. The company needs to grow up.

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Well, this could get awkward.

According to DroneShield’s masterful plan to win back the trust of its investors, the company’s two independent directors, Simone Haslinger and Richard Joffe, will review the group’s share trading and disclosure policies, which clearly failed to prevent chairman Peter James, CEO Oleg Vornik and director Jethro Marks from dumping every single share they owned in the company a few weeks ago, including while the company had a misleading announcement pertaining to new contracts out in the market.

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is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/droneshield-s-governance-farce-makes-its-trust-problem-worse-20251124-p5ni0a