Letter to the editor of Sydney Morning Herald sent to clarify David Jones board investigation
The Australian Securities and Investments Commission (ASIC) has sent a letter to the editor of the Sydney Morning Herald in response to an article entitled "DJs board will be on the defensive as perceived conflicts flare up' by Adele Ferguson.
The column reported David Jones director Philippa Stone was part of ASIC’s equity offerings liaison committee. However, ASIC seeks to clarify this committee has not operated for many years. Instead, ASIC now holds regular Corporate Finance Liaison Meetings. In addition to this, all legal practitioners practising in this area are welcome to attend these meetings.
All ASIC’s external committees and panels are listed in ASIC’s 2012–13 Annual report on page 144.
ASIC also upholds the column's reference to Peter Mason's son working at ASIC and that Mr Mason's son had nothing to do with the DJ's investigation.