Corporations Amendment Submission

Articles Written by John Keeves (Partner), Damian Reichel (Partner)

In our December 2010 issue of Acumen, we published an article summarising the Exposure Draft - Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011 and the associated Explanatory Memorandum released by the Parliamentary Secretary to the Treasurer on Monday, 20 December 2010.

A copy of our Submission in response to that draft Bill was lodged on 20 January 2011 and can be downloaded here. In our submission we have not sought to comment on all aspects of the draft Bill, but rather have focused on those issues which we believe we are in a position to make a meaningful contribution. The nature of our comments reflects our position as a legal adviser to a number of significant Australian companies who will be affected by the proposed rules.

Important Disclaimer: The material contained in this article is comment of a general nature only and is not and nor is it intended to be advice on any specific professional matter. In that the effectiveness or accuracy of any professional advice depends upon the particular circumstances of each case, neither the firm nor any individual author accepts any responsibility whatsoever for any acts or omissions resulting from reliance upon the content of any articles. Before acting on the basis of any material contained in this publication, we recommend that you consult your professional adviser. Liability limited by a scheme approved under Professional Standards Legislation (Australia-wide except in Tasmania).

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