Boardroom Brief: Week commencing 29 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 a speech in which the Chair of the Australian Securities and Investments Commission (ASIC), Mr Joe Longo, encourages entities to prepare for reporting obligations under the mandatory climate disclosure regime and the charges faces by a former director for allegedly breaching his duties as a director and making false statements to ASIC. We also examine the decision of the Takeovers Panel to decline to conduct proceedings on a review application regarding the affairs of Vintage Energy Limited (ASX: VEN) (Vintage), and an application received by the Takeovers Panel in relation to the affairs of Ringers Western Limited (RWL). In Over the Horizon, we examine the Australian productivity slump rampant across corporate Australia and how the use of artificial intelligence (AI) may aid in rectifying this issue.