#auslaw clashes on permanent continuous disclosure changes
By Jerome Doraisamy|17 February 2021
Josh Frydenberg’s move to “discourage opportunistic class actions” is receiving mixed reactions from law firms nationwide.
On Wednesday, 17 February, Treasurer Josh Frydenberg announced the federal government’s intention to make permanent the temporary changes to Australia’s continuous disclosure laws – brought in last year in the wake of COVID-19, and which are due to expire in March.
The Treasury Laws Amendment (2021 Measures No. 1) Bill will seek to amend the
Corporations Act 2001, he said, so that companies and their officers will only be liable for civil penalty proceedings in respect of continuous disclosure obligations where they have acted with “knowledge, recklessness or negligence”.
Firefinch Ltd appoints Elizabeth Lee as joint company secretary
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Sipa Resources Limited appoints industry veteran Ben Donovan as company secretary
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London, 20 January 2021 – ICSA: The Chartered Governance Institute has today released the findings of its review into the effectiveness of independent board evaluation in the UK listed sector. The review, which was carried out at the request of the Department of Business, Energy and Industrial Strategy (BEIS), assessed the quality of evaluations and has identified a number of ways in which board evaluation might be improved. Commenting on the findings, Sara Drake, Chief Executive of the Institute said: “While there is no evidence to suggest that there is widespread market failure that needs to be corrected, we believe that there is scope for broader adoption of good practice and greater transparency on the part of both board reviewers and the companies using their services. It is for BEIS to decide what action to take as a result of our report, but we believe that those objectives should be pursued through voluntary initiatives, with appropriate encouragement fr