The former board of a fund named after pirates has been rebuked after the chief executive stayed in the boardroom during voting on a deal involving a potential conflict of interest.
The presence of Stuart McAuliffe in the boardroom during discussions “concerned” the Takeovers Panel about whether procedures to manage conflicts were adequate.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
