In the wake of the expenses scandal which has rocked the top echelons of the corporate watchdog, fresh questions are being asked about ASIC's efficacy, but could this be a chance to build a better regulator?

AUDIO: Fred Hilmer was for seven years head of the media company the Fairfax group, and the often difficult and combative challenges he faced in that role he's decided to talk openly about in his book, The Fairfax Experience: What the Mangagement Texts Didn't Teach Me. In this audio download Geraldine Doogue interivews Hilmer about...