News Update

Year: 2014

  • 100-member rule bill sent to a Senate Committee inquiry


    The bill repealing the ‘100-member rule’ to call a general meeting — the Corporations Legislation Amendment (Deregulatory and Other Measures) Bill 2014 — has been referred to the Senate Economics Legislation Committee for inquiry and report by 11 February 2015. 

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  • Employee share schemes just got easier


    In response to the Consultation Paper Employee incentive schemes (CP 218) issued by Australian Securities and Investments Commission (ASIC) in November 2013, ASIC has released an updated regulatory guide and two new class orders on employee incentive schemes.

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  • Bill introduced to repeal the 100-member rule to call a general meeting


    The government has introduced the bill to repeal the ‘100-member rule’ to call a general meeting. However, the bill does not include the expected changes to the dividend provisions of the Corporations Act 2001.

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  • Governance Institute’s woman of influence


    Judith Fox, National Director, Policy, Publishing & Design recognised as one of the top 100 women of influence.

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  • APRA spells out its expectations of boards of financial institutions


    In response to feedback over recent years that some areas of the Australian Prudential Regulatory Authority’s (APRA’s) prudential framework require board involvement in matters that are more appropriately reserved for management, APRA has released a letter to all directors of financial institutions, accompanied by a guide aimed specifically at them. 

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  • Boardroom gender balance


    International proxy advisory firm Institutional Shareholder Services (ISS) has released a report on the gender diversity of corporate boards across jurisdictions. As a measure of whether voluntary targets or quotas propel change, the report, titled Gender Diversity on Boards: a Review of Global Trends, shows that boardroom diversity is increasing globally.

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