One.Tel founders Jodee Rich and Brad Keeling, the two directors who received AU$7.47 million each in bonus payments last year, will exit their board seats and executive roles.
Two directors of One Tel have been awarded huge remuneration payments, despite the company posting a net loss of AU$291.1 million dollars for the last financial year.
The administrators of One.Tel have said that the high-profile directors of the failed Australian telco may have adequate defence to any insolvent trading claims.
Junior telco One.Tel has a trading halt in place on the Australian Stock Exchange, pending an important announcement.
As ASIC commences civil proceedings against former One.Tel managing directors Jodee Rich, Bradley Keeling and Mark Silbermann, public pressure to make directors and executives personally pick up the tab for company failures may be rising, according to a survey.
As ASIC commences civil proceedings against former One.Tel managing directors Jodee Rich, Bradley Keeling and Mark Silbermann, public pressure to make directors and executives personally pick up the tab for company failures may be rising, according to a survey.
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