Boardroom Brief: Week commencing 11 September 2023

This is a service specifically targeted at the needs of busy non-executive directors (NEDs). We aim to give you a ‘heads up’ on the things that matter for NEDs in the week ahead - all in two minutes or less. In this edition, we examine the effects of new legislation passed to modernise business communications and the recent focus of the Australian Securities and Investments Commission (ASIC) on the distribution of high-risk financial products targeted at retail consumers. We also discuss the Federal Court’s decision in Re Alloggio Group Ltd (No 2), which further clarifies evidentiary requirements in relation to scheme meetings. In Over the Horizon, we examine the Federal Government’s commitment to trade and investment in the Southeast Asia region with the release of Invested: Australia’s Southeast Asia Economic Strategy to 2040 at the ASEAN Indo-Pacific Forum in Jakarta, Indonesia.