Corporate Governance Update: Handling Of Confidential Information - Briefings And Unannounced Corporate Transactions

more+
less-

ASIC recently released Report 393 Handling of confidential information: Briefings and unannounced corporate transactions (the "Report"). The Report results from ASIC's attendance at sample investor briefings, media-based analysis, academic research and market practice interviews, and contains important observations and recommendations regarding current market practice. These include:

- Identifying the importance of both having and implementing appropriate policies and procedures on the conduct of briefings to prevent disclosure of confidential, market sensitive information;

- Suggesting that listed entities must take greater responsibility for the management of their own confidential, market-sensitive information, to minimise risks of disclosure by third parties; and

- Encouraging listed entities to manage the risk of leaking confidential, market-sensitive information at market soundings, by preparing draft requests for trading halts and draft announcements.

In this corporate governance update we set out some of the key findings and recommendations as they relate to listed companies.

Please see full update below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© DLA Piper | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×