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Showing 31 - 40 of 54 results for "Corporations Act"

Directors, senior executives have obligation to consider climate change: Norton Rose Fulbright

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2017  |  NEWS
... agrees with the view that directors must consider and disclose climate risks to fulfil their duties under the Corporations Act 2001. Specifically, Norton Rose Fulbright noted, O'Rourke referenced section 180 of the Act which requires directors to act ...

Experts discuss impact of Taskforce on Climate-related Financial Disclosures guidelines

RACHEL ALEMBAKIS  |  FRIDAY, 7 APR 2017  |  NEWS
... have a fiduciary obligation to consider the impacts of climate change in line with directors duties under the Corporations Act. This is no one way for companies to disclose those risks and opportunities, but the Financial Stability Board's Task Force ...

AICD calls for stronger corporate whistle-blower protections

RACHEL ALEMBAKIS  |  FRIDAY, 24 FEB 2017  |  NEWS
... "There need to be penalties and protection against victimisation," Petschler said. "We certainly think that the Corporations Act is underdone, and there should be better mechanisms to compensate whistle-blowers if they are victimised or penalised." The ...

APRA calls for stress-testing of climate change risks in regulated entities

RACHEL ALEMBAKIS  |  FRIDAY, 17 FEB 2017  |  NEWS
... business could be held personally liable for breaching their statutory duty of due care and diligence under the Corporations Act," Summerhayes said. "The author warned it is 'only a matter of time' before we see this sort of litigation against a director. ...

Government issues discussion paper on social impact investing market

RACHEL ALEMBAKIS  |  FRIDAY, 17 FEB 2017  |  NEWS
... private ancillary funds (PAF) meet the legal test of a "sophisticated or professional investor" as outlined in the Corporations Act of 2001. PAFs - funds for philanthropic investment - could potentially be excluded from investing in social enterprises ...

Stakeholders assess ESG policy priorities for Parliament

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUL 2016  |  NEWS
... strategies in putting those priorities to policymakers. The Governance Institute has prioritised reforms to the Corporations Act for their engagement activities with the next government. Among their list of reforms, the Governance Institute has recommend ...

ACSI, TIAA-CREF engage on "show of hands" AGM voting

RACHEL ALEMBAKIS  |  FRIDAY, 12 FEB 2016  |  NEWS
... are doing it." Davidson said that longer term, poll voting should be a mandatory requirement enshrined in the Corporations Act, and that ACSI would continue to engage with regulators and legislators on this issue. Davidson pointed to the interest and ...

ACCR considers appeal in Commonwealth Bank case

RACHEL ALEMBAKIS  |  FRIDAY, 7 AUG 2015  |  NEWS
... opinion to the AGM, consistent with a 1986 decision in National Roads & Motorists' Association v Parker. "The Corporations Act itself says that once you get support of over 100 shareholders or 5% of total owners, shareholders can put ordinary resolutions ...

Governance Institute of Australia questions shareholder primacy

RACHEL ALEMBAKIS  |  FRIDAY, 24 OCT 2014  |  NEWS
... profit-maximisation runs into community interests. Among the proposals in the paper is the option of amending Australia's Corporations Act to expand directors' duties and adopt principles similar to S172 of the UK Companies Act, which charges directors ...

Corporate governance: moving to "owner relations" model

RACHEL ALEMBAKIS  |  FRIDAY, 3 OCT 2014  |  NEWS
... that we have multiple check-ins for the year, to talk about what's on our agenda, what's on their agenda. The Corporations Act has given rights as an investor - you have the right to vote on a director, you have the right to vote on a remuneration report ...