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Australian institute of Company Directors (beta)
Topic: Class actions
A class action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member of the group.
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Governance Leadership Centre
ASX listed boards face threat of shareholder class actions
1 December 2019 | Louise Petschler MAICD
The TPT Patrol v Myer Federal Court decision represents a significant shift for director liability, says AICD's head of Advocacy Louise Petschler.
AICD supports regulatory regime for class action funders
8 November 2019
The Australian Institute of Company Directors (AICD) supports calls to regulate the litigation funding market, noting that a week on from the TPT Patrol v Myer decision there are concerns that an incr...
Myer shareholder class action unlikely to dampen class action filings
30 October 2019
The shareholder class action has loomed large over the boardrooms of Australian listed entities since shareholder driven representative proceedings first emerged in Australia in the early 2000s.
Release of ALRC final report into class action proceedings and third-party litigation
26 February 2019 | Sally Linwood MAICD
The Australian Law Reform Commission (ALRC) has released its final report into class action proceedings and third-party litigation funders
Does Australia need to review its continuous disclosure regime?
1 December 2018
Has Australia's continuous disclosure regime reached a tipping point? Quentin Digby, Garth Riddell and Barry Wang from Herbert Smith Freehills argue for a rethink.
Liability and Compliance
Class actions: Top 5 liability claims for directors
28 November 2018 | Shelley Dempsey
Ahead of the release this month of an Australian Law Reform Commission (ALRC) inquiry report into class actions and litigation funding, AICD takes a look at insurance claims data for ASX200 firms and ...
Duties and responsibilities
Liability and Compliance
Inquiry into Class Action Proceedings and Third-Party Litigation Funders
13 November 2018
On 13 November 2018 the AICD provided a supplementary submission to the Australian Law Reform Commission (ALRC) as part of its Inquiry into Class Action Proceedings and Third-Party Litigation Funders.
Why IP reporting and protection should be on your board agenda
1 November 2018 | Tim Heberden
In the knowledge economy, directors have a duty to ensure their IP is properly reported on and protected.
The growing impact of rising shareholder class actions
27 September 2018 | Tony Featherstone
Boards are caught in the middle of rising shareholder class actions and increasing D&O insurance costs. Here’s what directors need to know.
Directors, are you across class action reforms and the ASX Principles?
1 September 2018 | Louise Petschler MAICD
AICD's position on class action reforms, social licence to operate and the ASX Corporate Governance Principles. How does it affect your board?
Advocacy and policy