Bianca Marcocci

Sep 21, 2023 | lexology.com | Priscilla Bryans |Andrew Eastwood |Bianca Marcocci |Charles Pitney |Suzannah Hewson

The Australian Securities and Investments Commission (ASIC) has failed in its action against the former CEO & Managing Director of Quintis Limited (Quintis) for alleged breaches of section 180 of the Corporations Act (the duty to act with care and diligence). Following a four-week trial, the Federal Court of Australia ruled that Mr Frank Wilson did not breach his duty despite failing to disclose the termination of material customer contracts to the Quintis Board and the ASX.

Jun 28, 2023 | lexology.com | Bianca Marcocci

All large ASX listed companies conduct some form of Board, Committee and director performance review. This makes good governance and business sense. It is also consistent with the spirit of the ‘Corporate Governance Principles and Recommendations’ 4th Edition, which state that entities should have and disclose a performance evaluation process and disclose whether such an evaluation occurred in or in respect of the period. What do performance reviews involve?