The bill repealing the ‘100-member rule’ to call a general meeting — the Corporations Legislation Amendment (Deregulatory and Other Measures) Bill 2014 — has been passed in the Senate, following a recommendation in favour by the Senate Economics Legislation Committee.
A global survey of audit committees undertaken by KPMG reveals that they have a heightened focus on risk oversight, particularly cyber security and the pace of technology change. However, while the pressure on audit committees is increasing, they are of the view that the quality of information about cyber security and technology risk, talent, innovation, and business model disruption is less than optimal. The report also highlights audit committees’ concerns about a lack of resources and their workload.
Computershare has released two reports: one covering trends at the 2014 AGM season, and the other on employee share plan trends.
The Australian Government has announced that it will retain workplace gender diversity reporting but streamline the approach to data collection.