Boardroom Brief: Week commencing 25 September 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 look at the independent review of amendments to Australia’s continuous disclosure laws introduced in 2021, and the release of the final recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD). We also discuss proceedings commenced by the Australia Securities and Investments Commission (ASIC) against the provider of the Kraken crypto exchange for alleged design and distribution failures, as well as the decision of the Federal Court in ASIC v Wilson (No 3) in relation to alleged breaches of continuous disclosure obligations. In Risk Radar, we discuss the warning given by ASIC Chair Joe Longo for companies to take third-party cyber risks seriously.