Going Public: Director's Disclosure of Share Trading

Journal of the Securities Institute of Australia, No. 3, pp. 8-11, 1992

4 Pages Posted: 29 Apr 2008

See all articles by Ian Ramsay

Ian Ramsay

Melbourne Law School - University of Melbourne

Abstract

This article, published in 1992, puts the case for Australian corporate law to require prompt disclosure by directors and officers of their trading in the shares of their companies. The article: (1) reviews the arguments supporting such a requirement (the protection of investors and market efficiency): (2) discusses the law in this area in several countries: and (3) reviews empirical studies conducted in the United States, Canada and the Britain which have examined the extent to which share trading by directors and officers conveys information to the market.

In 1995, the Australian Corporations Law was amended to require directors (but not officers) of listed companies to disclose trading in the shares of their companies to the Australian Securities Exchange.

Suggested Citation

Ramsay, Ian, Going Public: Director's Disclosure of Share Trading. Journal of the Securities Institute of Australia, No. 3, pp. 8-11, 1992, Available at SSRN: https://ssrn.com/abstract=1126449 or http://dx.doi.org/10.2139/ssrn.1126449

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
291
Abstract Views
875
Rank
190,941
PlumX Metrics