Corporate governance: revised listing requirements adjust board meeting intervals, sitting fee approvals, and CEO/CFO internal control certifications. Amendments to Clause 49 lengthen the maximum interval between board meetings to four months; exempt payment of sitting fees to non-executive directors from prior shareholder approval when made within Companies Act limits; and limit CEO/CFO certification to establishing, evaluating, and reporting internal controls for financial reporting, including disclosure of deficiencies, significant changes, accounting policy shifts disclosed in the financial statements, and significant fraud to auditors and the Audit Committee.
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Corporate governance: revised listing requirements adjust board meeting intervals, sitting fee approvals, and CEO/CFO internal control certifications.
Amendments to Clause 49 lengthen the maximum interval between board meetings to four months; exempt payment of sitting fees to non-executive directors from prior shareholder approval when made within Companies Act limits; and limit CEO/CFO certification to establishing, evaluating, and reporting internal controls for financial reporting, including disclosure of deficiencies, significant changes, accounting policy shifts disclosed in the financial statements, and significant fraud to auditors and the Audit Committee.
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