News Update
Month: Feb
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Company owner register mandatory in EU
Read moreEuropean Union member states will have to keep a central register of the ultimate ‘beneficial’ owners of corporate and other legal entities, as well as trusts, a new anti-money laundering directive has mandated. A ‘beneficial’ owner actually owns or controls a company and its activities and ultimately authorises transactions, whether such ownership is exercised directly or by a proxy.
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Asset managers in UK failing to meet the Stewardship Code
Read moreA UK-based NGO promoting responsible investment by pension funds and other institutional investors has given a poor report card on some of the largest asset managers in the UK in relation to ‘walking the talk’ on stewardship.
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ACNC releases template constitution for charitable companies limited by guarantee
Read moreThe Australian Charities and Not-for-profits Commission (ACNC) has released its template constitution for a charitable company limited by guarantee. The template is designed for a small organisation with a straightforward membership, with the ACNC noting that larger, more complex companies will have different requirements.
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Super funds set 30 per cent targets for women on ASX200 boards
Read moreThe Australian Council of Superannuation Investors (ACSI), representing a number of superannuation funds owning approximately 10 per cent of ASX200 companies, aims to have women comprising 30 per cent of the boards of those companies within the next three years.
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Revised ASX Guidance Note 27: Trading policies
Read moreASX has revised its Guidance Note on trading policies, with the emphasis in the new version on preventing the perception of insider trading as well as reducing the occurrence of such trading. ASX has noted that a perception of insider trading can give rise to reputational damage.
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