News Update
Month: Oct
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Government consults on further reforms to curb phoenixing
The government has released a consultation paper on further proposed reforms to combat illegal phoenix behaviour. According to the Minister for Revenue and Financial Services, Kelly O'Dwyer, the changes will assist regulators to better target and take stronger action against phoenixing.
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The pros and cons of virtual shareholder meetings
The future of shareholder meetings is virtually here, according to Computershare. In a recently published whitepaper, the stock transfer company notes that international interest in virtual and hybrid shareholder meetings is growing, led by companies in the US.
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Investors cautious about online shareholder meetings
Although online streaming technologies have advanced significantly, institutional investors are not yet ready to fully embrace virtual shareholder meetings without reservation, according to the findings of the Institutional Shareholder Services’ (ISS) Governance Principles Survey.
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ASIC sees room for improvement in IPO docs
Prospectuses are important to investors considering an Initial Public Offering (IPO), but the usability and credibility of these documents could be improved, according to the Australian Securities and Investments Commission (ASIC).
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Hearing stakeholders’ voices in the boardroom
Joint guidelines on how company boards should take stakeholders' interests into account in their decision-making have been released in the UK by the Investment Association (IA) and ICSA: The Governance Institute.
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