Tag Archives: corporate governance

Large proprietary companies: Significant changes to financial reporting thresholds

From 1 July 2019, the thresholds for determining whether an Australian proprietary company is considered a ‘large’ proprietary company under the Corporations Act 2001 (Cth) (Act) will increase. This is the first time the thresholds will have been adjusted since 2007.  Companies that will no longer be classified as large proprietary companies will have a reduced compliance burden.

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ILN Today Post

There is Life After Death For Companies!

If somebody dies unexpectedly, it’s not only a terrible loss for the grieving family and friends, but can also be a tragedy for the company of which the deceased was a member. At such times, the company can find itself unable to make decisions, even if the deceased only held a small share in the business. However, solutions do exist to enable the testator not only to make provisions for family members in the event of his or her death, but also to make sure that the company can continue to make decisions.

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ILN Today Post

MINIMISING CORPORATE LIABILITY OF DIRECTORS

Top three things to consider in India with regard to director liabilities / reporting to the board?

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Has the High Court paved the way for an increase in civil penalties for directors?

A recent and widely-reported decision by the High Court on criminal sentencing, in which an appeal against a ‘manifestly inadequate’ sentence for incest was allowed, may have broader ramifications. Directors and others who potentially face exposure to civil penalties at the suit of regulators should bear in mind that the decision in DPP v Dalgliesh [2017] HCA 41 has the potential to lead to courts imposing heavier civil penalties despite lighter penalties having historically been imposed in similar cases. This may, in turn, further complicate the already difficult decision of whether to contest proceedings brought by a regulator or agree on the contravention and submit an agreed penalty proposal for the Court’s consideration.

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ILN Today Post

Corporate Governance in Thailand

From the chapter in the book, European Lawyer Reference – Corporate Governance, written by Dej-Udom & Associates.

1. GENERAL PRINCIPLES

1.1 What are the general principles of corporate governance in your jurisdiction? What are the main objectives of corporate governance principles in your jurisdiction? State also whether your legal system is based on common law or civil law. More…

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