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Publication
TGA shelves biosimilar and generic transparency measures
In late 2020, following almost 18 months of public and industry consultations conducted by the Therapeutic Goods Administration (TGA).
Global | Publication | April 2022
As springtime arrives many of us are looking at how we can de-clutter our homes. For some the key area of focus is the garage which often houses broken sports and/or garden equipment, a lawn mower that has seen better days and, perhaps, dusty and unused wellington boots. Organizational clutter can take a number of forms for firms, the most common being redundant or duplicative processes, organizational structures and reporting lines that are no longer fit for purpose and objectives that are no longer relevant.
Whilst firms have been taking steps to update their governance arrangements to manage the regulatory and reputational risks arising from the sanctions on Russia, many of them are now starting to think that it may also be the time to do a wider spring clean of their internal arrangements so that they are fit for purpose in the future.
One reason for this may be that objectives and organizational structures require a fuller review in light of the wide ranging impact of the sanctions or that the exercise has revealed certain hangovers from earlier times which are no longer relevant. Another reason concerns minimising regulatory risk. Governance has always been a hot topic for the regulators and by having an annual refresh the firm (and its senior management) may be in a better position to deal with a regulatory enquiry or a section 166 request as the enhancements would improve existing arrangements and help demonstrate to the regulators proactivity.
So what should be spring cleaned?
There are a number of areas to which a firm could apply a duster including:
We can provide assistance at various stages and levels during a governance spring clean including:
Publication
In late 2020, following almost 18 months of public and industry consultations conducted by the Therapeutic Goods Administration (TGA).
Publication
The NSW Environment Protection Authority (EPA) recently released for public comment its draft Climate Change Assessment Requirements (CCARs) and draft Guide for Large Emitters (Guide).
Publication
The introduction of a minimum stockholding obligation under the Fuel Security Act 2021 (Cth) has underscored the importance of traditional liquid fuels to safeguarding Australia’s energy security as it navigates the energy transition.
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