17 Jun 2020
Company Directors: DIN
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Must say that it is about time.
New anti-phoenixing legislation has finally been passed by the Federal Government requiring all current and new Company Directors to get a Director Identify Number (DIN) for life.
To be a Company Director is to be in a high position of public trust.
Many Company Directors are responsible for hundreds of millions of dollar of assets and they should be able to be track throughout their professional career to see how successful or how destructive they have been at managing assets on behalf of shareholders.
This is one positive compliance measure that is long overdue given the number of criminal and incompetent Company Directors that have destroyed shareholder wealth over the past 30 years.
Click to read.
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