The Wire

Overseeing the actions of any company listed on the stock exchange is a board of directors – its not their job to run the company, but it is their job to keep management accountable. But what if the board itself is unable to look fairly and squarely at the company’s problems and fix them because they themselves have a conflict of interest? Then according to the Australian Shareholders Association, the board has to go. It’s all part of what’s called good corporate governance. The ASA is calling on the board of the AWB to reform itself and get rid of any directors that were involved with the company during the time when kickbacks were being paid to Saddam Hussein’s regime. Deputy chairman, John Curry spoke to The Wire.