Submission regarding the CLERP (Audit Reform and Corporate Disclosure) Bill

04 December 2003

Key parts of the proposed CLERP 9 legislation will continue to be strongly opposed by big business on the basis that they are counter to sound company performance, good corporate governance and long-term shareholder interests.

The proposals would effectively subject business to powers and intrusions that would not be countenanced in other areas of Australian society.

This is a proposal – despite assurances that direct shareholder plebiscites will go no further than executive pay – that effectively has no limit and will undoubtedly be applied over time to intrude upon or circumvent other areas of board responsibility and decision making.


Latest news

2003 Submissions

2003 Submissions

2003 Submissions