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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
Rethinking class actions
1 June 2020 | Christian Gergis GAICD
We need boards focused on value creation, not fending off value-destroying litigation, writes AICD head of policy Christian Gergis.
Class action risk and COVID-19
1 June 2020
Legal experts warn that temporary reforms aimed at shielding directors from the threat of class actions could have unintended consequences.
COVID-19: Government eases continuous disclosure rules for six months
26 May 2020
The Federal Government is easing continuous disclosure rules for six months to help listed entities deal with the uncertainty cause by COVID-19.
Litigation funders to be subject to greater regulatory oversight
22 May 2020
The Federal Government has announced that litigation funders will need to hold a financial services licence and comply with the managed investment scheme regulatory regime.
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 GAICD
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