Body corporates urged to be cautious after alleged strata fraud
Concerns have arisen after $2 million was allegedly fraudulently taken from strata property accounts on the NSW Mid North Coast, prompting experts to advise body corporates to be vigilant against potential scams.
The State Fights for Small Shareholders: The Secret of Taiwan's Value-Up 'National Shareholders'
Taiwan has introduced a national-level independent body to protect individual investors, significantly increasing confidence in its capital markets and allowing collective action against corporate wrongdoing.
When is a proxy/procurator a de facto member of the board?
A de facto member of the board is someone who exercises the powers appropriate for board members even if they have not been properly or at all appointed to this body.