This is a service specifically targeted at the needs of busy non-executive Directors. We aim to give you a ‘heads up’ on the things that matter for NEDs in the week ahead – all in two minutes or less.
In this edition, we discuss the ACCC’s call for further submissions in its review of ANZ’s proposed acquisition of Suncorp Bank and the ASIC Commissioner’s recommendation for directors to consider a recent ASIC report into improving oversight of internal whistleblower regimes. We also discuss a Federal Court decision that held that directors breached their duties by improperly using their positions to secure personal loans, and the Takeovers Panel review of its initial decision declining to make a declaration of unacceptable circumstances in relation to the affairs of Nitro Software Limited.
In Over the Horizon, we discuss a recent report calling for greater international collaboration between corporate regulators to combat persistent misconduct and harmful practices affecting retail investors.
GOVERNANCE & REGULATION
ACCC seeks further submissions on ANZ’s proposed acquisition of Suncorp Bank. On 4 April 2023, the ACCC announced it is welcoming further submissions from stakeholders and consumers in relation to ANZ Banking Group’s (ANZ) proposed acquisition of Suncorp Group’s banking arm (Suncorp Bank). On 2 December 2022, the ACCC received an application from ANZ for merger authorisation in relation to its proposed acquisition of Suncorp Bank. The ACCC initially sought...
Secretary-General says Tehran’s claims are provocative and threaten regional stability Abu Dhabi: Gulf Cooperation Council (GCC) Secretary-General Jassim Mohammed Al Budaiwi has strongly condemned ...