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In this Edition, we consider ASIC’s guidance on board oversight of executive pay decisions, the sunset of temporary amendments to the Corporations Act permitting virtual meetings and electronic execution of documents, proposed amendments to income tax legislation in relation to deductible gift recipient endorsements and the Takeover Panel’s confirmation of its position on questioning the correctness of expert’s reports. We also look ahead to anticipated trends in M&A activity for 2021.
GOVERNANCE & REGULATION
ASIC updates Information Sheet 245 on Board oversight of executive pay decisions. Board oversight of executive variable pay decisions during the COVID-19 pandemic Information Sheet
LEGAL
COVID-19 temporary measures allowing electronic execution and virtual meetings expired on 21 March 2021. Treasury Laws Amendment (2021 Measures No.1) Bill 2021 electronic execution virtual meetings
Proposed amendments to requirements for deductible gift recipient (DGR) endorsements. Treasury Laws Amendment (2021 Measures No 2) Bill 2021 (Cth)
Takeover Panel confirms the high threshold required to question expert’s reports. [2021] ATP 5
OVER THE HORIZON
Significant M&A activity expected for 2021. summary