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Corporate Governance

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In brief The Fair Work Amendment (Supporting Australia’s Jobs and Economic Recovery) Bill 2020 (“Bill”) was introduced into Federal Parliament on 9 December 2020. If passed, this “omnibus” Bill will represent the most change to our workplace relations laws since the introduction of the Fair Work Act 2009 (Cth) (“FW…

Baker McKenzie and the Financial Times co-created a podcast series, the FT Big Deal, to examine the trends behind complex cross-border transactions. In this four-part podcast series, Baker McKenzie lawyers are joined by industry thought leaders to discuss the key developments and issues shaping the future of global transactions. Subscribe: Apple | Spotify | Google Episode 3: Can…

On 10 December 2020, the Prudential Regulation Authority (PRA) published a statement on capital distributions by large UK banks. In a move that reflects the PRA’s view that large UK banks remain well capitalised, it has confirmed that banks may recommence some distributions and it is updating its expectations on the payment of cash bonuses to senior staff, including all material risk takers (MRTs), by large UK banks. However, against the backdrop of the global COVID-19 pandemic, the end of the Brexit transition period and the uncertainty that these entail, the PRA urges banks to take a cautious and measured approach.