With the 2021 AGM season upon us, this article sets out considerations for listed companies who receive director nominations. Background and Timings...
Insights & News
ESOP Success Stories During the Challenges of COVID-19
Recent more severe Delta variant outbreaks have led to weaker forecasts for national economic performance. In June 2021, GDP growth was expected to be 3.5% over 2021-22; however, it’s now only predicted to grow by 1–2%. Read on as we outline our top ten tips for how to create your own ESOP success story.
Extension of Time to Hold AGM
The Australian Securities and Investments Commission (ASIC) has formally extended the time public companies have to hold their Annual General Meeting (AGM). This article summarises the implications for Australian public companies.
The Virtual Meetings, Electronic Execution, Electronic Notices and Continuous Disclosure Reforms
Reforms to virtual meetings, electronic execution of documents, electronic notices and continuous disclosure came into full effect on 14 August 2021 following the passing of the Treasury Laws Amendment (2021 Measures No.1) Bill 2021 (Cth) (the Bill). This article summarises the legislative changes and implications for Australian companies.
How to Navigate the Top 5 Common Employee Share Option Plan Implementation Challenges
Employers with staff on annual salaries covered by industry awards will need to clock employee hours to fulfil new requirements finalised by the Fair Work Ombudsman as a part of their four-yearly review of modern awards.
Employee Share Option Plans: A Guide to Implementation
Learn what Employee Share Option Plans are, how they work, and how Australian organisations are benefiting from them.
Announcement of Pre-Conditional Offer – Boardroom Limited
It was announced on the 6th August 2021 that United Overseas Bank Limited (“UOB”), for and on behalf of Apricus Global Pte. Ltd. (the “Offeror”), has made a pre-conditional voluntary general offer for all the issued and paid-up ordinary shares in the capital of Boardroom Limited (the “Offer”). The Offer is subject to the satisfaction or waiver by the Offeror, as the case may be, of certain pre-conditions, and therefore the Offer will only be made if and when such pre-conditions are satisfied, or where applicable, waived (as the case may be).
AGMs – The Practice, Potential Problems and Solutions (Updated)
The Annual General Meeting (“AGM”) provides a forum for shareholders and the board of directors to share information, have discussions and make decisions. Ahead of the 2021 AGM season, this article identifies some of the common scenarios and issues that can arise at the AGM and the recommended solutions. An emphasis has been placed on the delivery of Hybrid or Virtual Meetings as well as the rise of shareholder activism.
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