The recent corporate governance update from ASIC serves as a cautionary message to company directors, emphasizing the serious consequences of ignoring cyber risks. The article highlights ASIC’s concerns regarding board directors and executives who may be unprepared for potential cyberattacks. It stresses the need for companies to prioritize both the security of their systems and processes, as well as strategic planning in response to any cybersecurity incidents. In this context, ASIC emphasizes that it is incumbent upon directors to ensure robust management practices are in place regarding cybersecurity risk. Failure to do so could potentially result in non-compliance with their duty of care and diligence, which may expose them to enforcement actions by ASIC.
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The Benefits of Good Corporate Governance
Establishing and maintaining good corporate governance is an important step for any business. This article explains the benefits of good corporate governance and its impact on a company’s long-term success. Corporate governance refers to the system of rules, practices, and processes by which a company is directed, controlled, and governed.
What Company Secretarial Services Can be Outsourced?
Company secretarial tasks can be time-consuming and complex. If your company lacks the capacity or expertise to manage them, outsourcing these corporate secretarial tasks could be the solution you need. In this article, we explore some of the commonly outsourced company secretarial services, their benefits, and how they can help your business.
Your guide to the ASX’s mandatory listing rule compliance course
Read BoardRoom’s handy guide to the ASX’s mandatory listing rule compliance course, including usefulinformation for the test and online course materials.
Permanent changes to Shareholder Meetings and Electronic Communications
The Corporations Amendment (Meetings and Documents) Bill 2021 (the Bill) passed both houses of parliament on 10 February 2022. The Bill will allow...
ASIC Focus Areas for 31 December 2021
Executive Summary In a recent media release, ASIC has highlighted key areas of emphasis for financial reporting by companies for reporting periods...
Relieve the administrative burden of company secretarial duties with CS Connect
With our ongoing commitment to innovation and technology with a focus on costs and efficiencies, BoardRoom has launched CS Connect, a cloud-based...
UPDATE: Mandatory JobKeeper Reporting for Listed Entities
On 2 September 2021, the Federal Parliament passed legislation to require listed entities to provide a notice to their market operator containing...
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