THE Australian Securities and Investmentst Commission has decided not to pursue claims by former AWB director Xavier Martin that he was offered an incentive to vote for the grain handler's constitutional change.
Mr Martin made the allegations after AWB’s annual report revealed one-off ex-gratia retirement payments to the three grower directors who supported structural change, former chairman Brendan Stewart, Brendan Fitzgerald and Steve Chamarette.
The issue was referred immediately to ASIC, but the corporate regulator has cited a lack of evidence as its reason for not investigating the claim.
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