
Partner, GILBERT AND TOBIN
Member of the Law Council
Rachel Launders is a Partner in the Corporate Advisory Group at Gilbert + Tobin in Sydney, Australia, where she specializes in mergers and acquisitions (M&A) and corporate governance. Specifically, Ms. Launders advises on and structures privatizations, joint ventures, business acquisitions and reconstructions. She also provides advice on corporate governance and compliance with the Corporations Act and Listing Rules, to a range of companies. Ms. Launders has worked on major outsourcing, distribution and infrastructure projects across a range of industries, including energy and gas, financial services, telecommunications, retail and manufacturing. Previously, she spent 12 months at EnergyAustralia, as the Associate Manager, Compliance & Regulatory Affairs. Before that, Ms. Launders spent three years with the Australian Securities & Investments Commission (ASIC). While at the ASIC, she was involved with a number of large floats, including the third sale of the Commonwealth Bank and the Stadium Australia float. She was also involved in managed funds offerings and compliance. Ms. Launders is a member of the Financial Services Institute of Australasia. She graduated from the University of Sydney with a Bachelor of Arts and a Bachelor of Laws (Hons) in 1990, and was admitted in 1991. (This is me - Update Profile)
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ASIC v. James Hardie - the spotlight on company directors and senior management
June 2, 2009
James Hardie proceedings | www.asic.gov.au
Directors in Australian listed companies may be nervous about the duty of care which they owe to the company, following the decision in ASIC v. James Hardie (April 2009). The Court found that they have a duty to avoid exposing the company to risk of harm to reputation or legal claims. Senior executives, including the General Counsel, also came under the spotlight, being found in breach of their duties for failing to warn the board of the risks which the company was being exposed to. The case is also a reminder that companies need to take particular care with public announcements - the desire to promote the good news cannot overtake the need for an announcement which is balanced, objective, complete and accurate.