News Update
Month: Oct
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Government consults on stiffer penalties for corporate misconduct
Read moreDraft legislation to strengthen penalties for corporate and financial sector misconduct has been released by the government for public consultation. Assistant Treasurer Stuart Robert says the aim is to ensure the Australian Securities and Investments Commission (ASIC) has the powers it needs to take strong action to protect consumers from corporate wrongdoing.
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Guidance on director induction processes updated to include the chair
Read moreWhile the induction process for a newly appointed chair does not differ significantly from the process for inducting newly appointed directors, there are additional matters to be considered when a new chair is appointed which take into account the different role which the chair has to play in a company.
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ASIC’s tips on climate risk management and disclosure
Read moreStrong corporate governance facilitates better information flow within a company and facilitates active and informed engagement and board oversight when identifying and managing risks such as climate change.
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NSW charities to enjoy a ‘report once’ system
Read moreRegistered charities incorporated as associations in NSW will have their administrative burden cut, thanks to a new agreement signed by NSW Fair Trading and the Australian Charities and Not-for-profits Commission (ACNC).
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Banking royal commission interim report highlights greed and unethical behaviour
Read moreThe highly anticipated interim report from the banking royal commission was released on Friday. This report covers policy related issues arising from the first four rounds of hearings. Additional topics, including superannuation and insurance, will be covered in the final report due by 1 February 2019.
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