The point of appointing an absolutely top-tier company director is to assure investors of a company’s top-tier governance. So, given recent events, shareholders in Shine Justice might be looking askance at their lofty chairman, the one and only Graham Bradley.

Last week, ASIC issued a statement noting it had recently reviewed the class action litigator’s accounts, leading to a significant improvement in how the firm had this year disclosed its interest income and expenses to investors. This follows a scathing and consequential Federal Court ruling that barred Shine’s attempts to bill $32 million of “usurious” interest charges to the members of a class action settlement.