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Decision in ASIC’s Appeals in James Hardie Matter

ASIC Chairman Greg Medcraft has welcomed the High Court’s decision in ASIC’s appeal against the decision of the NSW Court of Appeal regarding James Hardie’s former non-executive directors and former company secretary and general counsel.
Originally Published: 
Thursday, May 3, 2012

Nomura Australia Limited Pays $30,000 infringement Notice Penalty

Nomura Australia Ltd has paid a penalty of $30,000 to ASIC in order to comply with an infringement notice given to it by the Markets Disciplinary Panel, for the entry of two orders to sell the security, Alumina Limited on 18 March 2011, that allegedly resulted in the market for AWC not being both fa
Originally Published: 
Friday, March 30, 2012

Proposals to Reform the FRC: A Joint Government and FRC Response

The Government and Financial Reporting Council (“FRC”) identified a number of constraints on its effectiveness. To address these constraints, the Government and FRC published for consultation in October 2011 a set of proposals.
Originally Published: 
Tuesday, March 27, 2012

ESMA Overview of the Proxy Advisory Industry

The European Securities and Markets Authority (ESMA) has published a Discussion Paper which covers the development of the proxy advisory industry in Europe.
Originally Published: 
Thursday, March 22, 2012

Little Value in Bankrupt Ideology of Share Price

Originally Published: 
Friday, March 2, 2012
Lynn Stout of UCLA Law School says It's time to recognise shareholder value ideology is just that - an ideology, not a legal requirement or a practical necessity of modern business life.

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