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Showing 21 - 30 of 49 results for "Corporations Act"

Directors urged to exercise legal duties over climate risk as context evolves

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
... that REST hasn't provided its member with proper disclosures about climate risk as part of obligations under the Corporations act. While REST is the defendant in the case, the concepts could be applied to other superannuation funds, which means the case ...

AASB, AuASB statement raises stakes on disclosure of climate-related risk

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAR 2019  |  NEWS
... said. "The only thing that is certain is the statutory obligation to be presenting a true and fair view under the Corporations Act," she said. "That is inherently going to be company specific. Despite the fact that the TCFD is not in and of itself expressly ...

Regnan research finds correlation between company performance, conduct culture

RACHEL ALEMBAKIS  |  FRIDAY, 27 APR 2018  |  NEWS
... "We're saying this behaviour impacts your longer term share price, and it could correlate to your duties in the Corporations Act in terms of responsible business activity. "

Government finds no legislative barriers to implementing TCFD

RACHEL ALEMBAKIS  |  FRIDAY, 6 APR 2018  |  NEWS
... last month released its response, in which it said they believe the current disclosure regimes contained in the Corporations Act are sufficient for disclosure of climate-related risks. "The government welcomes the release of the Final Report of the Taskforce ...

Will Australia adopt the Task Force on Climate-related Financial Disclosures recommendations?

RACHEL ALEMBAKIS  |  FRIDAY, 16 JUN 2017  |  NEWS
... have a fiduciary obligation to consider the impacts of climate change in line with directors duties under the Corporations Act. There is no one way for companies to disclose those risks and opportunities, but the TCFD's recommendations could be used ...

Directors, senior executives have obligation to consider climate change: Norton Rose Fulbright

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2017  |  NEWS
... agrees with the view that directors must consider and disclose climate risks to fulfil their duties under the Corporations Act 2001. Specifically, Norton Rose Fulbright noted, O'Rourke referenced section 180 of the Act which requires directors to act ...

Experts discuss impact of Taskforce on Climate-related Financial Disclosures guidelines

RACHEL ALEMBAKIS  |  FRIDAY, 7 APR 2017  |  NEWS
... have a fiduciary obligation to consider the impacts of climate change in line with directors duties under the Corporations Act. This is no one way for companies to disclose those risks and opportunities, but the Financial Stability Board's Task Force ...

AICD calls for stronger corporate whistle-blower protections

RACHEL ALEMBAKIS  |  FRIDAY, 24 FEB 2017  |  NEWS
... "There need to be penalties and protection against victimisation," Petschler said. "We certainly think that the Corporations Act is underdone, and there should be better mechanisms to compensate whistle-blowers if they are victimised or penalised." The ...

APRA calls for stress-testing of climate change risks in regulated entities

RACHEL ALEMBAKIS  |  FRIDAY, 17 FEB 2017  |  NEWS
... business could be held personally liable for breaching their statutory duty of due care and diligence under the Corporations Act," Summerhayes said. "The author warned it is 'only a matter of time' before we see this sort of litigation against a director. ...

Government issues discussion paper on social impact investing market

RACHEL ALEMBAKIS  |  FRIDAY, 17 FEB 2017  |  NEWS
... private ancillary funds (PAF) meet the legal test of a "sophisticated or professional investor" as outlined in the Corporations Act of 2001. PAFs - funds for philanthropic investment - could potentially be excluded from investing in social enterprises ...