Steve Vizard
Mr. Vizard has been receiving a lot of press in the past few years and probably a lot of us are still confused as to what he really did. Basically he didn’t listen to his own advice on insider trading he gave to the Sunday program in July 2000.
"You have to inform every board you are on of the business you are involved with ... you have to tell them you are involved with that business, declare your position, not be involved in any decision-making process that the company you are involved with makes."
This isn’t just good advice, this is the commonwealth law of any board of directors.
Stephan William Vizard was born 6 March 1956 He is married with five children. Originally a corporate lawyer after graduating from Melbourne University Law he moved to television in 1989. He produced the comedy show, ‘The Eleventh Hour’ and won a Golden Logie in 1991 for his work in ‘Fast Forward’.
Other awards include his 1997 Order of Australia, for service to the community, through his established Vizard Foundation, and to the arts. Earlier this year he returned this award after the insider trading scandal. In 2002, he received the Australian Father Of The Year award.
He retired from television in the mid 1990’s and went back into business and philanthropy. In 1996 he became one of the directors of Telstra for four years. During the final year of his term at Telstra claims of $3 million of accountancy fraud and insider trading arose between Vizard and a college. In 2005 he was fined and sentenced to 10 years disqualification.
