RE: Frr must have very compelling22 Nov 2018 21:42
Except he chose to have the conflict of interests and it matters not in law..there is no barrier or heirarchy with Fiduciary duties, you either have them or you don't. By taking a seat on the board he gave legal undertakings to protect FRR interests and not act in a conflicted manner. It really is black and white.
He definitely can't use his seat on the board to use the information that he is afforded to then we that against the company that he is a director of..that is illegal. If Hope is found guilty along with OMF then it is conceivable that criminal prosecution will follow the civil suit, which is why this will be settled pretty soon and it will be BAU.