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ASIC’s intensified focus on directors’ duties concerning companies’ regulatory compliance has brought renewed attention to this critical governance area. The AICD’s Practice Statement provides practical guidance and suggested steps for non-executive directors to discharge their duty, as well as 'red flags' to look out for. Read more: https://bit.ly/3YeGwMx #CompanyCompliance #GoodGovernance | Australian Institute of Company Directors | Facebook
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With a complex regulatory environment and ASIC’s increased focus on directors’ duties, the AICD commissioned a new legal opinion to provide clarity on what is required of directors in overseeing their organisation’s regulatory compliance. The AICD’s practice statement sets out guidance for effective director monitoring and how board minutes can demonstrate active oversight of regulatory compliance. Download your copy here: https://bit.ly/3YeGwMx #DirectorsDuties #CompanyCompliance #RegulatoryCom
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