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Former James Hardie General Counsel and Company Secretary Peter Shafron has applied for special leave to appeal to the High Court to try to reverse the findings of the New South Wales Court of Appeal. He argues that the court erred on a number of fronts.
ASX amends Listing Rule on off-market transfers and releases consultation paper about accelerated rights issues
ASX has advised that an amendment to Listing Rule 8.14 has come into effect to enable listed entities and their registries to charge a reasonable fee for registering paper-based off-market transfers. Listed entities must notify ASX Listings of the amounts which they propose to charge, and also produce sufficient evidence to allow ASX Listings to determine if the fee proposed is reasonable, before they may start charging the fee.
The US Securities and Exchange Commission (SEC) has adopted rules on shareholder approval of executive remuneration and ‘golden parachutes’ as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.