Australian fundraisers now have a new set of rules to follow when drafting prospectuses. These changes, announced by ASIC today, are the biggest shake-up to prospectus rules in 20 years.
10 Nov 2011
Recent amendments to the Corporations Act said that chairs both could and couldn't vote undirected proxies on the remuneration report. A new Bill aims to remove the contradiction and make it clear that the chair can vote undirected proxies on the remuneration report if the proxy "expressly authorises the chair to exercise the proxy".
30 Sep 2011
The AGM season is fast-approaching, so what should boards and senior management be thinking about? Andrew Hay tells BRR Media about the impact of the new two strikes rule and other issues affecting boards and senior management.
25 Aug 2011
Section 250BD of the Corporations Act says that a chairman can vote undirected proxies on the remuneration report but section 250R appears to say that he cannot.
10 Aug 2011
ASIC has confirmed that there is a significant problem in the new Two Strikes rule.
10 Aug 2011
