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Showing 21 - 30 of 54 results for "Corporations Act"

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 ...

Regnan research finds correlation between company performance, conduct culture

RACHEL ALEMBAKIS  |  FRIDAY, 27 APR 2018  |  NEWS
... "We're saying this behaviour impacts your longer term share price, and it could correlate to your duties in the Corporations Act in terms of responsible business activity. "

Government finds no legislative barriers to implementing TCFD

RACHEL ALEMBAKIS  |  FRIDAY, 6 APR 2018  |  NEWS
... last month released its response, in which it said they believe the current disclosure regimes contained in the Corporations Act are sufficient for disclosure of climate-related risks. "The government welcomes the release of the Final Report of the Taskforce ...

Will Australia adopt the Task Force on Climate-related Financial Disclosures recommendations?

RACHEL ALEMBAKIS  |  FRIDAY, 16 JUN 2017  |  NEWS
... have a fiduciary obligation to consider the impacts of climate change in line with directors duties under the Corporations Act. There is no one way for companies to disclose those risks and opportunities, but the TCFD's recommendations could be used ...