Joanne Dewar has been promoted to Vice Chair and will focus on the group's growth and global profile Kevin Schultz has been appointed Chief Executive Officer and will focus on strategy and
<p><span>Good morning Chair and Committee members.</span></p>
<p><span>Chair, congratulations on your new role, I’m not sure you would count it as a promotion, but we are very pleased to have you on this important committee once again.</span></p>
<p><span>I am joined by Deputy Chairs Karen Chester and Sarah Court, and Commissioners Cathie Armour, Sean Hughes and Danielle Press. Also appearing with us is ASIC’s Chief Operating Officer Warren Day, General Counsel Chris Savundra, Executive Director of Strategy Greg Kirk and Senior Executive Leader, Dr Rhys Bollen.</span></p>
<p><span>On Thursday, the Securities and Exchange Commission unanimously approved a rule adopted by the Public Company Accounting Oversight Board (PCAOB) to fulfill its obligations under the Holding Foreign Companies Accountable Act of 2020 (HFCAA).</span></p>
<p><span>I support today’s action to re-open comment on the Dodd-Frank Act rule regarding clawbacks of erroneously awarded incentive-based compensation. I believe we have an opportunity to strengthen the transparency and quality of corporate financial statements as well as the accountability of corporate executives to their investors.</span></p>
<div><span><br /></span></div>