Steve Vizard delivered his apology well at Melbourne Airport last Saturday and today’s version, which was read to the court by his lawyer, James Judd QC, was a similar but expanded version.

It opened with the now all too familiar line, “I am deeply sorry.”

“I failed in my duty as a director, let my fellow directors down” and seriously contravened the law, it continued, and for this: “I make no excuses,” he said.

“I made a fundamental error of judgment at the outset” and improperly used information confidential to Telstra.” Vizard said he had since “tried to explain” to family, friends and associates “how I got into this mess,” and that he had “lost sight” of his duties.

Nevertheless, a contrite Vizard said he had learned from the experience that the duties of a company director are “absolutely paramount.”

“I know what I did was wrong,” continued the statement, and “I’m deeply conscious” of the fact that I have let my family, fellow directors and the community down. And “as much as the law will let me,” he said, ” I will spend the remainder of my life trying to make it up.”

All up, the tone was one of contrition and he did stress the importance of a director’s duties.

“I lost sight of the very important distinction between by duties as a director and my own interests.”

Too right, he did.

Peter Fray

Save 50% on a year of Crikey and The Atlantic.

The US election is in a little over a month. It seems that there’s a ridiculous twist in the story, almost every day.

Luckily for new Crikey subscribers, we’ve teamed up with one of America’s best publications, The Atlantic for the election race. Subscribe now to make sense of it all, and you’ll get a year of Crikey (usually $199) and a year’s digital subscription to The Atlantic (usually $70AUD), BOTH for just $129.

Peter Fray
Editor-in-chief of Crikey

JOIN NOW