Chartered Secretaries Australia will become the Governance Institute of Australia, with members overwhelmingly backing the rebrand at a general meeting last week.
The controversial High Court decision in Sons of Gwalia v Margaretic in 2007 should be overturned on the grounds that it will deal a harmful blow to Australian businesses and investment, according to a survey of corporate Australia.
A proposal to combat insider trading by reducing the disclosure timeframe for directors from 14 to two days is unnecessary regulation of an area already well protected by the continuous disclosure rules, according to Chartered Secretaries Australia.
A survey of governance professionals by Chartered Secretaries Australia has found that the Australian Securities and Investment Commission's policy of fining companies that breach continuous disclosure requirements is too slow and cumbersome.
15 May 2007
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