West End briefing: Continuous Disclosure
29 May 2012
Frasers Function Centre
A large Australian ASX200 listed company was recently fined a substantial sum over a shock earnings downgrade, prompting the Australian Securities and Investments Commission Chairman to comment that "the case provided a timely reminder to directors about their disclosure duties".
Directors can be personally liable for a company’s failure to observe continuous disclosure requirements and funded class actions have become a common method of seeking redress.
Disclosure and real time reporting is a challenge for board and directors.
- How can boards continue to reinforce due diligence and maintain strategic decision making with real time reporting?
- How can boards mitigate the risk of regulatory scrutiny or a shareholder class action arising from market announcements?
- Do reporting requirements need to be reviewed to reflect the practicalities of entrepreneurial activity?
- What does this all mean for boards and directors?
Join us with an experienced panel of directors who will discuss the often confusing and difficult topic of continuous disclosure.
Australian Institute of Company Directors
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