Suspense, tension and ASIC's Westfield question

Separating Westfield ownership and voting rights isn’t the best policy. But were ASIC to try to undo that outcome it would create serious problems.

Thursday’s dramatic and confusion-wracked developments at the meeting of Westfield Retail Trust security holders puts pressure on the Australian Securities and Investment Commission to intervene to try to restore order to the process that will enable the owners of the trust to determine its fate.

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