The Australian and US national financial regulators are taking legal action against companies accused of greenwashing funds and misleading investors.
Read More
Australian regulator targets net zero greenwashing Follows IPO examination of one company’s statements September 17, 2021 The Australian Securities & Investments Commission (ASIC) has warned it will take action against companies it believes are making misleading claims regarding their net zero efforts. The financial regulator has already intervened in an energy company’s initial public offering […]
Read MoreThe Australian Securities and Investment Commission this week announced it intended bringing civil charges against the enitre 2007 board and a former Chief Financial Officer of various entities withing the Centro Properties Group and Centro Retail Group. This is the first case brought where the requirement that a listed entity’s CEO and CFO declare in […]
Read MoreIn December 2007, ASIC commenced civil penalty proceedings in the Supreme Court of Victoria against six former directors and officers of AWB Ltd, the ex-ASX 100 constituent. The trial against the former CEO, Andrew Lindberg began in the Victorian Courts this week and is expected to run for several months. The court proceedings have heard […]
Read MoreAustralia’s Business Day has reported that The Australian Securities and Investments Commission (‘ASIC’) wants seven former non-executive directors and three former executives at James Hardie banned from company directorships for at least five years each and fined a total of $2.8 million to $3.4 million. Justice Ian Gzell began hearing submissions on exoneration, penalties and […]
Read More