On Wednesday ASIC released its much anticipated regulatory guides on the content and independence of Independent Expert’s reports. Much criticism has surrounded the publication and content of Independent Experts reports, with many repeating the old adage that the reports are neither independent, nor expert.
Independent expert
Coles’ “independent expert”, paid for and chosen by Coles
The whole notion of an independent expert, paid for and chosen by the company being valued is a bizarre one. But that is exactly what Coles has done, writes Adam Schwab.
