Contents
Continuous disclosure obligations – damages implications
ASX's Corporate Governance Consultation Paper
- Ranking of shareholder claims upgraded... or are they? : Sons of Gwalia Ltd v Margaretic [2007] HCA 1
- Third Line Forcing Changes: Relief for Franchisors
Continous Disclosure Obligations - Damages Implications
Continuous disclosure obligations apply to listed companies and some unlisted companies.
In broad terms, the obligation is that the company discloses information which is not generally available and is such that a reasonable person would expect to have a material effect on the price of the company’s shares.
A recent decision of the Western Australia Supreme Court awarded damages to a shareholder against a company where the company failed to comply with its obligations of continuous disclosure.
