Companies must be incorporated through a local agent all of whom, are licensed under the new Company Management Ordinance and regulated by the Inspector of Company Managers....
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In recognition of the problem that women are poorly represented on boards and in senior management positions, the ASX has followed the lead of other major stock exchanges around the world and introduced guidelines designed to increase diversity in Australian boardrooms.
At yesterday's open meeting of the Securities and Exchange Commission (SEC), a split Commission approved rule amendments to permit shareholders to nominate directors for corporate boards.
The terms of the sale of a company’s shares are usually documented in a share purchase agreement (SPA). An SPA will typically list various warranties given by the seller to the buyer.
After the enactment of the Dodd-Frank financial reform bill confirmed its authority to do so, the SEC moved quickly and has adopted proxy access rules—though the debate on this issue is far from over.
In this article I deal with schemes of arrangement under Part XVI of the PNG Companies Act ("Act") (Approval Of Arrangements, Amalgamations And Compromises By Court) as a means of combining companies under PNG law.
It has been announced that in April 2011 a new national system for business name registrations will commence. Each State of Australia has agreed to refer their business name registration powers to the Federal Government so that a uniform system can be established. The new system will be administered by the Australian Securities and Investments Commission [ASIC] which also controls the registration of companies.
Murray Deakin, head of the Competition & Regulatory Group at Middletons, speaks to Kate Ritchie of Boardroom Radio about the introduction of criminal sanctions for cartel conduct.
Royal assent was recently given to the Corporations Amendment (Corporate Reporting Reform) Act 2010. This legislation amends a number of provisions of the Corporations Act 2001 (Cth) (Corporations Act) dealing with financial reporting requirements of companies. In particular, a Corporations Act provision dealing with the payment of dividends has substantially changed.
The Securities and Exchange Commission (the "Commission"), by a 3-2 vote, adopted fundamental changes to the federal proxy rules that will require public companies to include shareholder director nominees in their proxy materials.
