This is a service specifically targeted at the needs of busy non-executive directors. 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 consider the Court case which introduces a difficult situation for directors considering deficient shareholder meeting requisition notices, further proposed changes to Australia’s insolvency framework, the new JobMaker Hiring Credit and ASIC’s further extension to upcoming financial reporting deadlines. We also consider the rise of the Government and regulators’ responses to the Hayne Royal Commission and what this will mean for the traditional financial services industry and beyond.
YOUR KEY BOARDROOM BRIEF
Deficiencies in section 249D shareholder requisition notices put directors in difficult position. Vaspip 2 Pty Ltd v Thorn Group Ltd [2020] VSC 700
Corporate Insolvency Reforms Bill introduced into the House of Representatives. Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 media release
JobMaker Hiring Credit legislation passes both Houses of Parliament. package media release
ASIC announces further extension of financial reporting deadlines. media release
ON THE HORIZON
Financial services back in the spotlight. revised CPS 511 remuneration prudential standard media release Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 Corporations (Fees) Amendment (Hayne Royal Commission Response) Bill 2020 report