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Changes to director resignation laws before Parliament

David Morris & Breanna Taylor explain proposed legislation that will tighten procedures relating to director resignations.

Legislation introduced into the House of Representatives on July 4 contains measures that will prevent directors from backdating the effective date of their resignation and from ceasing to be a director in circumstances where it would leave the company with no directors.Proposal 1: Preventing backdating of director resignationsThe first measure is aimed at preventing directors from backdating their resignation or “dragging their heels” in notifying the Australian Securities and Investments Co...

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Authors: David Morris, Bree Taylor

Published Date: 22 August 2019

 

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