Boardroom Brief: Week commencing 17 July 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 discuss the ACCC’s new guidance helping businesses to avoid “greenwashing” claims, the move by the UK’s Financial Stability Board to assign responsibility to the IFRS Foundation for the implementation of the ISSB Standards, and APRA’s new prudential standard targeting operational risk.  We also examine a Federal Court judgement which both imposed $450 million in penalties on Crown and critiqued AUSTRAC’s aversion to litigation, as well as BHP seeking to challenge a landmark public holiday ruling in the High Court.  In Over the Horizon, we discuss a Parliamentary Joint Committee report recommending the most comprehensive review into Australian insolvency laws in 35 years.