Boardroom Brief: Week commencing 23 October 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 results of Australian Securities and Investments Commission’s (ASIC) financial reporting and audit surveillance program into ASX-listed companies and other large unlisted entities. We also examine the harmonisation of approaches to schemes of arrangement by Federal Court of Australia and the Supreme Court of New South Wales, and the recent settlement of a high profile climate change disclosure action brought against the Commonwealth. In Over the Horizon, we discuss key elements of the Clean Energy Finance Corporation’s (CEFC) Annual Report, which reflect the scale of Australia’s net zero emissions efforts in the 2023 financial year.