• Extended rights to sue directors for a broader range of misconduct.
• Enhanced rights for indirect investors: indirect investors will be able to exercise the registered shareholder's right to attend and vote at meetings.
• Enhanced proxy rights will make it easier for shareholders to appoint others to attend and vote at general meetings.
• Shareholders will receive more timely information, reflecting improvements in technology and the increased rate at which information becomes out of date.
• More timely accountability to shareholders by requiring public companies to hold their AGM within 6 months of the financial year-end.

• No longer required to appoint a company secretary.
• No requirement to hold an annual general meeting.
• Easier to make decisions by written resolutions.
• Abolition of prohibition from giving financial assistance for the purchase of own shares.

• Companies can make greater use of electronic communications to contact shareholders.
• Memorandum will become a formal registration document and the articles of association will be the continuing constitutional document.
• No maximum age limit for directors.
• Although corporate directors will still be permitted, at least one director must be a natural person.
• Companies can have unlimited objects.

Under the new Act directors duties are to be 'codified' and the Government proposes to introduce a statutory statement of directors general duties, which are:

• To act within the company's powers.
• To promote the success of the company.
• To exercise independent judgement.
• To exercise reasonable care and skill.
• To avoid conflicts of interest.
• Not to accept benefits from third parties.
• To declare an interest in any proposed transaction or arrangement with the company.