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Showing 101 - 110 of 462 results for "directors"

Treasury publishes climate disclosure legislation

RACHEL ALEMBAKIS  |  MONDAY, 15 JAN 2024  |  NEWS
... disclosures to the market regulators, with remedies limited to "injunctions and declarations." Australian Institute of Company Directors managing director and CEO Mark Rigotti said investors are "searching for higher quality and more fulsome climate ...

Carbon markets heat up

ROSE MARY PETRASS  |  THURSDAY, 11 JAN 2024  |  NEWS
... Avatar, which will run until July this year. "The board has established an independent board committee (IBC) consisting of directors, Ian Leijer and Christopher Mitchell to evaluate and respond to the Offer," CO2 Australia said in a statement. The committee ...

ESG in 2024: key trends and legislative changes for the year ahead

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... the Corporations Act, the Australian Securities and Investments Commission (ASIC) imposes personal liability risks for directors. This will make climate-related disclosures a civil penalty provision and limit the application of misleading and deceptive ...

Task Force on Climate-Related Financial Disclosures disbanded

ROSE MARY PETRASS  |  WEDNESDAY, 27 DEC 2023  |  NEWS
... the proposal includes a three-year transitional period during which time only the regulator can take action against directors and reporting entities in relation to forward-looking statements and Scope 3 emissions. Treasury has stated in its consultation ...

ACSI updates voting guidelines

RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
... include: Cyber security: Expectations include a need for more understanding of the digital security expertise held by directors and/or the external expertise boards use for advice and assurance. Worker safety : The quality of safety reporting practices ...

Boards not ready for new workplace laws

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
New research finds that most directors are concerned their boards may not be fully prepared to meet new workplace sexual harassment laws when they come into force this week. From 12 December, the Australian Human Rights Commission will enforce the Positive ...

Nature-related risk a potential risk to directors

RACHEL ALEMBAKIS  |  THURSDAY, 16 NOV 2023  |  NEWS
Corporate directors have an obligation to consider nature-related risk in much the same way as other financial risks, according to a new legal opinion. Directors can take steps to identify and manage nature-related risks is the headline conclusion of ...

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
... being managed." A legal opinion published in October this year by Sebastian Hartford-Davis and Zoe Bush warned that directors who fail to consider biodiversity risks could be found liable for breaching their duty of care and diligence. "This means that ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
... Sustainability reported in June, the proposal includes a three-year transitional period with regulator-only action against directors and reporting entities in relation to forward-looking statements and Scope 3 emissions possible during this time. Lawyers ...

Two-thirds of boards lack ESG understanding: PwC

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
... quarter report a robust sense of carbon emissions and even less of their company's climate risk or strategy. Half (51%) of directors say their board is adequately prepared for upcoming mandatory ESG disclosures, up from 25% in 2022. However, 54% of directors ...