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... Sign in below or register now to read the full article |
Authors: David Morris, Bree Taylor Published Date: 22 August 2019 |
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