Working with Australian Company Directors

Working with Australian company directors Paper presented by Jeremy make SF Fin, FAICD Deputy Chairman Australian Securities and Investments Commission to the Federal Court of Australia/ police Council of Australia Joint Corporations Law Seminar Sunday, 26 March 2006 Federal Court, Sydney  submit of Contents Broad overview What did ASIC do with directors in the last financial yr? Managing community expectations Pre-nuptial agreements Enforceable undertakings Behaviour management Listening to directors administrator director remuneration Getting quick messages to the market Off-market divide buy-backs Global guidance on corporate governance Hanel v ONeill Is ASIC concerned approximately anything currently going on in the boardroom? How directors globally are feeling about regulation 2 2 3 3 4 5 5 6 7 8 8 9 9 11 © Australian Securities and Investments Commission, March 2006 Page 1 Working with Australian company directors Jeremy Cooper Broad overview There are roughly 1.4 one million million million companies in Australia, which adds up to a lot of directors. The great volume of them operate in one of the most light con year to corporate regulatory environments available in the Western world.

dinky proprietary companies are not even required to ball club accounts with us and their only contact with the regulator is the odd form that needs to be lodged if they change one of their details and the yearly statement which comes in a pre-printed format. Naturally enough, the regulatory weight down increases as the size and significance of the corporate entity expands towards the scale of the listed company. At this end of the scale, company directors feel somewhat besieged by regulatory change, complexity and a perception that there is an eer increasing risk of personal liability. On these issues, perception is ingenuousness because what directors believe will affect the way they behave. In a number of areas, excessively cautious and riskaverse behaviour is creating regulatory challenges. For... If you necessitate to get a full essay, order it on our website: Orderessay

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