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ACSA WELCOMES CHANGES TO CORPORATIONS ACT

Tuesday, 29 September 2020   (0 Comments)
Posted by: Kate Dent
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Sydney, AUSTRALIA – The Australian Custodial Services Association (ACSA) today welcomed proposed changes to the Corporations Act to improve the efficiency of listed company corporate actions and meetings. 


The changes were announced yesterday as part of the Federal Government’s $800 million push to increase the adoption of digital technologies in the wake of the COVID-19 pandemic. The changes are aimed at modernising practices to allow companies to use emails to provide notice of AGMs, achieve a quorum with shareholders attending online, hold AGMs online and validly execute a document without company officers having to physically print and sign the same hard copy. 


ACSA CEO, Mr Robert Brown said reforms to the Corporations Act are essential to codify important lessons from the pandemic that will ultimately improve the efficiency of engagement between companies and shareholders.  

 

Read the media release in full here.

 

 

 

 


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