Directors and investors beware

30/03/2012

It will be cold comfort to the people who lost fortunes in Lombard Finance that Sir Douglas Graham also lost a large amount – a couple of million dollars.

The sentence of fines and community service handed down to him and other directors won’t help those who lost money either.

But it is a warning to other directors of their responsibilities and to investors that there’s a correlation between risk and return, no matter who’s running the company.


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