King & Wood Mallesons

Asia-Pacific 100 position: 2

On Board — a publication for boards of Australian public companies

On Board is an occasional publication for non-executive directors of Australian public companies and other large organisations. In this issue, inter alia, we discuss on the implications for Boards and company executives of the High Court’s decisions against the James Hardie non-executive directors and the general counsel. We also analyse the experience to date under the new ‘two strikes’ regime for approval of remuneration reports.

In addition, we summarise the implications for non-executive directors of some other major cases and developments in 2012 including: 

  • The decision of the High Court in the Fortescue / Forrest continuous disclosure case
  • Proposed revisions to ASX Guidance Note 8 on continuous disclosure
  • CAMAC consultation on “The AGM and Shareholder Engagement”; and 
  • Progress on the implementation of COAG reforms concerning the liability of directors for corporate fault…

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