"You make a lot of sense Katherine. There is also a wider governance point that trustees should consider.
It is not only a duty for them to recover such losses if
possible but also as owners we have a responsibly to "punish"
directors and companies who undertake fraud or such negligent behaviour in
order to improve overall corporate governance standards.
Most class action claims are also settled by insurers so
it should not necessarily damage a company you still have shares in. More class actions will also increase
pressure on insurance companies to insist on better governance standards to
reduce their risk.
Directors who behave in such ways should be held personally liable.
Next to more effective criminal regulatory powers this is the best way to stop
the seemingly never ending drip, drip of corporate fraud and negligence cases.
(it seems that Pension Insight haven't published my comment? So I have just tried again).
(it seems that Pension Insight haven't published my comment? So I have just tried again).
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