Saturday, 22 September 2018
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Bega Cheese
Author/s : Dale Chapman
Type : Case Study
 

 

Advising Bega Cheese on its takeover of Peanut Company of Australia Limited.

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Should you be checking your termination benefit approvals?
21 September 2018
A recent unreported decision of the NSW Supreme Court should have executives rushing to their lawyers to check that their entitlements on retirement or termination from office have been properly approved by shareholders. It is not enough that shareholders have been told about an executive’s termination benefits and then given some general approval to them. For termination benefits approval to be effective, requirements as to both form and substance need to be strictly observed.
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