Boardroom Brief: Week commencing 22 April 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 disqualification of a director by the Australian Securities and Investments Commission (ASIC) for breaches of directors’ duties, and the Federal Government’s unveiling of a new reforms to environmental legislation. We also examine the Takeovers Panel’s decision to decline to conduct proceedings in relation to the affairs of Vintage Energy Limited (ASX: VEN) (Vintage) and a subsequent review application in the same matter. In Risk Radar, we examine the current climate of class actions in Australia and the risk posed by overseas litigation funders to pursue class actions in Australia.