Business
Josh Frydenberg’s plan to water down company disclosure laws condemned – The Guardian
Treasurer’s bill would make it easier for directors of companies to avoid liability for misleading the market
The federal treasurers plan to permanently water down laws supposed to ensure companies keep shareholders properly informed could scare off investment needed to recover from the coronavirus recession, investors say.
The Australian Council of Superannuation Investors, which represents 39 large local and international pension funds, on Wednesday dismissed Josh Frydenbergs claim the law needed to be weakened to combat class action litigation.
Frydenbergs bill would make it easier for directors of companies…
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