The Parliamentary Secretary released an Exposure Draft - Corporations Legislation Amendment (Remuneration Disclosures and Other Measures) Bill 2012 and the associated Explanatory Memorandum to the Treasury on 14 December 2012. Submissions on the Exposure Draft were due on 15 March 2013.
The changes will see several recommendations made by the Government's Corporations and Markets Advisory Committee (CAMAC) in its 2011 inquiry into executive remuneration being implemented.
This article sets out an overview of the key proposals under the draft Bill, focussing on the governance and remuneration aspects of the proposed changes. Topics discussed include dividend tests, clawback, and remuneration report disclosures.
The past year has undoubtedly been challenging for companies in the lithium, rare earth and critical minerals sectors. To provide some context, lithium carbonate, lithium hydroxide and spodumene...
Recent cases have highlighted whether an ASX-listed entity must make a market disclosure to the ASX if it receives a confidential compulsory investigation notice under section 155 of the...
In recent years, several cases have involved a party seeking preliminary discovery against another party to determine whether to commence proceedings against that party for conduct that breaches...