AICD proposes temporary relief from class actions

With many listed companies withdrawing their forecast guidance, the AICD has proposed that the continuous disclosure obligations in the Corporations Act be amended to provide a temporary safe harbour to protect companies from class actions relating to earnings guidance or forward-looking statements about company performance. https://aicd.companydirectors.com.au/-/media/cd2/resources/director-resources/covid19/pdfs/aicd-proposal-for-temporary-continuous-disclosure-safe-harbour.ashx?utm_source=AdobeCampaign&utm_medium=email&utm_campaign=BRAND&utm_content=DM3049400&TC=DM3049400