Study Group: Energy / Utilities Experts: Legal, Economic, and Regulatory Affairs (Australia)
Council Members in this Study Group: 30
This study group may include professors, attorneys, former regulatory officers, and consultants knowledgeable on topics such as law and litigation issues, lobbying, policy and government, elections, antitrust, immigration, intellectual property, and legislation, among others.
Contact Gerson Lehrman Group to survey or consult with members of this Study Group
Leading institutions connect with members of this Study Group through GLG
Leading Experts in this Study Group
Rachel LaundersPartner
Gilbert & Tobin Lawyers
Rachel Launders is a Partner in the Corporate Transactions Group at Gilbert + Tobin in Sydney, Australia, where she specializes in mergers and acquisitions (M&A). Specifically, Ms. Launders advises on and structures privatizations, joint ventures, business...
GLG NewsSM Analyses by this Study Group's Leading Experts(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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ASIC v. James Hardie - the spotlight on company directors and senior management
June 2, 2009
Analysis by: Rachel Launders, Partner,James Hardie proceedings | www.asic.gov.au
Directors in Australian listed companies may be nervous about the duty of care which they owe to the company, following the decision in ASIC v. James Hardie (April 2009). The Court found that they have a duty to avoid exposing the company to risk of harm to reputation or legal claims. Senior executives, including the General Counsel, also came under the spotlight, being found in breach of their duties for failing to warn the board of the risks which the company was being exposed to. The case is also a reminder that companies need to take particular care with public announcements - the desire to promote the good news cannot overtake the need for an announcement which is balanced, objective, complete and accurate.
Members in this Study Group include these company types:
- Law Firm (Boutique / Specialized)
- Law Firm (general practice/large)
- Consulting Firm (ei)
- Academic Institution*
- Independent Consulting Firm
- Academic / Think Tank Institution (ei)
- Economic Consulting Firm
- Law firm (small / solo)
- Federal Government
- Energy Management Services Company (ei)
- Think Tank
Members in this Study Group often have these job titles:
- Partner
- Director
- Assistant Professor
- Government Employee or Official
- Managing Director
- Principal
- Staff Director
- Professor
- Economist
- Associate
- Fellow
- Attorney