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Governance

Directors should consider climate change risks

Directors should consider climate change risks

‘Climate-related risks’ have moved from a corporate buzzword to an actionable obligation for company directors, who should consider these risks in the context of their organisation and understand that a failure to act with regards to a climate-related risk can result in a contravention of the Corporations Act 2001 (Cth)  (Act).

The weakness of a connected business

The weakness of a connected business

All businesses increasingly rely on other service providers to deliver their products and services, and even a small business will have a surprisingly large supply chain made of many large and small suppliers (who of course have many of their own suppliers). 

Conflict of Interest for Company Directors - The Information You Need to Know

Conflict of Interest for Company Directors - The Information You Need to Know

As a director of a company, you have a duty to act in its best interests. 

In undertaking your role as a director, you may face a situation where the interests of the company come in to conflict with your own personal interests. 

What duties do you owe to the company in relation to conflicts of interests?

Lifting the veil of a shadow director

Lifting the veil of a shadow director

Do you ever provide advice to company directors, and they act on that advice? Do you ever give instructions to company directors and they act on those instructions?

People have a general awareness of the implications of personal liability as a director. For example, directors can find themselves personally liable for debts to employees, tax debts and penalties owed to the Australian Tax Office or for breaches of The Corporations Act 2001 (“the Act”).

Will Australia implement mandatory gender quota legislation?

Will Australia implement mandatory gender quota legislation?

I recently represented Harwood Andrews at an International Corporate Governance Forum focusing on mandatory gender quota legislation. The forum featured overseas representatives from The Netherlands, South Africa, Germany and Norway, as well as corporate representatives from Australia.