NSW: Shareholders, business against corporate crackdown plan
EDS: Reissuing to clarify spokespeople throughout and adding extra quotes in last two paras.
By Graeme Webber
SYDNEY, Feb 3 AAP - A NSW government plan to shame companies for corporate crimes wouldpunish investors instead of management, shareholders said today.
NSW Attorney-General Bob Debus is considering laws to force companies to publish advertisementsabout their own misdeeds and compensate victims by offering them shares.
The government is concerned that large companies could afford to write off cash finesas small expenses, so there was no deterrent for …
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