Behind the scenes of a decade of sharemarket scandals

Over the past 10 years, billions of dollars in shareholder capital have been destroyed in the Australian equity market as a result of unethical and poor decisions by management and boards.

Having had a front row seat to (and occasionally starring role in) a string of scandals, independent journalist Joe Aston says too often they are caused by human greed and ego, and that investors have a critical function in promoting governance.

In a candid fireside chat with Conexus Financial editor-in-chief Aleks Vickovich, Aston reflects on his 12 years helming the AFR’s notorious Rear Window column and takes listeners behind the scenes of some of the nation’s biggest corporate blow-ups.

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When agency risk threatens to become systemic failure

Super funds are deviating from their original mission as “guardians of pension” and are starting to look and sound worryingly like asset managers, according to industry veteran and former Lazard Australia CEO Rob Prugue. As Australia’s retirement savings pool continues to balloon, he asked whether the sector’s immense scale has created a moral hazard.

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