The collapse of public companies amid accusations of misleading financial reporting has sent shock waves through the Australian investing community. HIH Insurance and One.Tel. Plus this month's depositary receipts round-up
In the words of that great oracle, Posh Spice, 'All you need is positivity.' Or so thought the former CEOs of two Australian publicly listed companies which have failed spectacularly this year. These companies are HIH Insurance, which, despite receivers being appointed in March, continues to describe itself on its home page as 'Australia's international insurer'; and One.Tel, which portrays itself as a 'global telecommunications carrier'. Both companies were significant players in their respective
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Alexandra Cain
Alexandra Cain is a Sydney-based journalist, editor, author and presenter who has been writing about investor relations for more than 20 years. When she’s not interviewing big wigs, emerging leaders and prime ministers, she’s surfing her favorite...
