Boardroom Brief: Week commencing 18 March 2024

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 analysis released by the Australian Institute of Company Directors (AICD) on board diversity data, further guidance published by the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) on the recently commenced Financial Accountability Regime (FAR), the Treasurer’s announcement to introduce a financial sector regulatory initiatives grid and a consultation paper published by ASX Limited (ASX) in relation to the proposed replacement to its Clearing House Electronic Subregister System (CHESS). We also examine an application received by the Takeovers Panel from various applicants in relation to the affairs of Pact Group Holdings Limited (Pact Group). In Risk Radar, we consider the risk of litigation presented by Australia’s proposed mandatory climate-related disclosure regime, as opined by the AICD.