▁undert aking ▁to ▁ensure ▁that ▁the ▁Liberal ▁Party ▁kept ▁control ▁of ▁C orm ack . ▁Over ▁time , ▁the ▁C orm ack ▁Foundation ▁appointed ▁other ▁direct ors , ▁including ▁long - standing ▁director ▁Charles ▁Go ode , ▁and ▁issued ▁shares ▁to ▁them ▁- ▁without ▁including ▁the ▁requirement ▁to ▁benefit ▁the ▁Liberal ▁Party . ▁According ly , ▁and ▁as ▁the ▁Federal ▁Court ▁held ▁in ▁ 2 0 1 8 ▁the ▁issue ▁of ▁the ▁new ▁shares ▁resulted ▁in ▁the ▁Liberal ▁Party ▁ownership ▁of ▁C orm ack ▁being ▁dil uted ▁from ▁ 6 6 ▁of ▁ 9 9 ▁shares ▁when ▁it ▁was ▁incorpor ated ▁in ▁ 1 9 8 8 ▁to ▁ 6 6 ▁of ▁ 2 6 4 ▁shares ▁at ▁present . ▁The ▁Direct ors ▁have ▁never ▁explained ▁why ▁they ▁did ▁this ▁nor ▁have ▁they ▁res igned ▁as ▁the ▁Liberal ▁Party ▁has ▁requested ▁they ▁do . ▁▁ ▁The ▁Victor ian ▁Liberal ▁Party ▁first ▁lost ▁control ▁of ▁C orm ack ▁in ▁ 2 0 0 0 ▁when ▁ 3 3 ▁shares ▁were ▁issued ▁to ▁Charles ▁Go ode ▁making ▁the ▁total ▁number ▁of ▁shares ▁on ▁issue ▁ 1 3 2 ▁being ▁the ▁ 6 6 ▁held ▁on ▁trust ▁for ▁the ▁Party ▁by ▁Morgan ▁and ▁Cal vert - J ones ▁and ▁the ▁ 6 6 ▁that ▁were ▁not ▁then ▁held ▁by ▁Gu il fo yle ▁and ▁Go ode ▁as ▁to ▁ 3 3 ▁shares ▁each . ▁A ▁problem ▁arose ▁in ▁the ▁Federal ▁Court ▁proceed ings ▁in ▁that ▁Charles ▁Go ode ▁admitted ▁before ▁Justice ▁Beach ▁that ▁he ▁had ▁a