Position Paper no 10 Director share trading

• Date:22 Jul 2008
• Type:Policy & Advocacy: Paper

This position paper sets out AICD's views on director share trading. AICD condemns directors who trade shares when they are in possession of price sensitive information or fail to notify the regulators of their trading activity as required by law. AICD recommends that listed corporations work with their board of directors to:
Formulate, enforce and disclose a company policy on director share trading and establish, implement and oversight procedures to ensure prompt reporting.