Business
Crown hasn’t reviewed China disaster because of ‘legal risk’, says Coonan – Sydney Morning Herald
Crown chairman Helen Coonan said red flags that it was risky for Crown staff to remain in China were never raised to the board.
But Ms Coonan, who has been a Crown director for 10 years and chairwoman since January, said the company had not conducted a review because of legal advice it could compromise its defence in the class action. Crown shareholders are seeking compensation for at least $100 million they say they lost when Crown’s share price collapsed after the 2016 arrests. She said Crown also did not want to overlap with the ILGA inquiry or a separate probe by the Victorian regulator into the incident.
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