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Showing 11 - 20 of 47 results for "Corporations Act"

Super funds more likely to recall shares for proxy votes: research

RACHEL ALEMBAKIS  |  THURSDAY, 22 SEP 2022  |  NEWS
... paper from researchers at Deakin Business School. The two-strikes rule was brought in as an amendment to the Corporations Act. If more than 25% of a company's shareholders vote down two annual remuneration reports in a row, this triggers a vote on a ...

Glencore faces greenwashing allegations

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
... against Glencore's misleading claims on climate impact and its behaviour towards Traditional Owners under the Corporations Act 2001. The EDO alleges that there is no evidence to support Glencore's claims of having decarbonsation plans in place. In separately ...

Governance Institute calls for proactive thinking for virtual AGMs

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
... the Governance Institute notes that this year's season is the first significant test of the recently updated Corporations Act, amended to allow organisations to meet in a hybrid or online format. "The biggest pressure point is taking all of the steps ...

AGL takeover bid first, but not last on net zero grounds

RACHEL ALEMBAKIS  |  THURSDAY, 24 FEB 2022  |  NEWS
... manager.... They're not managing retail money. A lot of the protections that are given under a proxy voting and the Corporations Act and a lot of the governance models we have are largely designed to protect retail investors, not sophisticated institutional ...

ASIC reviewing greenwashing in financial products

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUL 2021  |  NEWS
... reviewed how large, listed companies disclose their climate risk. "Boards should be mindful that prohibitions in the Corporations Act 2001 (Cth) on misleading and deceptive conduct and false or misleading statements apply in relation to financial products ...

Governance Institute backs recommendations for virtual AGMs

RACHEL ALEMBAKIS  |  FRIDAY, 18 SEP 2020  |  NEWS
The Governance Institute of Australia is backing recommendations from a Senate committee to amend the Corporations Act to allow virtual and hybrid annual general meetings. The Senate Select Committee on Financial Technology and Regulatory Technology ...

Rest climate change case pushes ahead

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020  |  NEWS
... against Rest's trustee alleges that he has a right to certain information pursuant to section 1017C of the Corporations Act. The information McVeigh is interested in particularly relates to the impacts climate change could have on his retirement ...

Coronavirus forcing companies to virtual AGMs, full proxy voting

RACHEL ALEMBAKIS  |  FRIDAY, 3 APR 2020  |  NEWS
... stakeholders at this time." While these measures are welcome, ASIC currently does not have the power under the Corporations Act to enable fully virtual AGMs, Armour noted "The federal government should prioritise legislative reform to enable virtual ...

Directors urged to exercise legal duties over climate risk as context evolves

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
... that REST hasn't provided its member with proper disclosures about climate risk as part of obligations under the Corporations act. While REST is the defendant in the case, the concepts could be applied to other superannuation funds, which means the case ...

AASB, AuASB statement raises stakes on disclosure of climate-related risk

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAR 2019  |  NEWS
... said. "The only thing that is certain is the statutory obligation to be presenting a true and fair view under the Corporations Act," she said. "That is inherently going to be company specific. Despite the fact that the TCFD is not in and of itself expressly ...