Boardroom Brief: Week commencing 31 July 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 ASIC’s latest greenwashing action against Vanguard Investments Australia for misleading conduct, IOSCO’s endorsement of the ISSB’s new standards on sustainability-related disclosures and the request by the Commonwealth Government for submissions on the composition of Australia’s “critical minerals” list. We also discuss a $20 million penalty imposed by the Federal Court against Meta and Meta-related companies for misleading conduct. In Risk Radar, we examine the findings of an independent report into EY Oceania’s workplace culture.