Originally Posted by
mikewil
I say gaol time for these so called 'direcrors', and that grub of a CEO as well (I thought he was a director but that may have changed due to his CEO appointment).
Won't happen, ASIC will 'sue' them by slapping them with a wet fish and they will have to pay some paltry tokenistic amount for a crime that is hundreds/thousands of times worse.
Unlikely to be jail time. The most likely outcome of a successful prosecution would be a large fine (this would end up being paid by whatever company did the Directors and Officers insurance for REX) and a directorial ban for a period (probably 5-10 years).