1. The inaugural
Corporate Control Forum 2011
The Market
For Partial
Control
Friday, 11 March 2011
With the recent increase in inbound
investment into Australia, cornerstone
investments, proportional bids and
other strategies targeting partial
rather than complete control are very
much in vogue.
The issues of concern for a target and its shareholders and the strategic advantages for a bidder in
these situations loom large. The wresting of control of Mt Gibson Iron Ltd by its largest investor and
customer serves as a recent and poignant example. In other instances, transactions may confer unconventional
forms of control of a company, such as the financial control conferred by a life-of-mine offtake agreement.
Join experienced participants, advisers and commentators as they lead an afternoon of discussion
on topics associated with the current market for, and regulation of, partial control, including: Th
proce e net
• the relativity and inexactness of the term "control"; year’s eds from eac
forum
• the strategic advantages of partial control acquisitions; nom will g h
year’s inated char o to a
charity ity. This
• the attributable value to partial control and the effect of such transactions on premia; Premie is
r’s Floo the Queensla
– indiv d Relie nd
• he protection of shareholder wealth and welfare and the extent to which partial transfers
t id
be ma ual donatio Appeal
f
of control can be aligned with the precepts of Australian takeover regulation; and de via h ns can
gov.au ttp:/
/floods /www.qld.
• he corporate governance considerations for directors faced with a partial bid or proposal
t /do
html. nate.
for financial control.
Programme Details
2:00pm – 2:10pm Welcome / Introduction Date and venue
Fiona Harris, Chairman of Barrington Consulting Group and national Friday, 11 March 2011
Board member of aICD The University Club of Western Australia
Hackett Drive, Crawley
2:15pm – 2:45pm The issues faced by directors of targets the subject of partial control
proposals Cost (ex-GST)
neil Hamilton, Chairman of oZ minerals and micyln express and $198 non-legal practitioner
non-executive Director of metcash limited $198 legal practitioner (<5 years)
2:50pm – 3:20pm Strategic and valuation considerations in partial control transactions $385 legal practitioner (>5 years)
Justin mannolini, managing Director, Gresham advisory and Head of Group discount
Gresham’s perth office Receive 12.5% off the total registration costs
3:20pm – 3:40pm afternoon tea when you book a group of 8 or more persons
3:45pm – 4:15pm The regulation of partial control transactions CPD points
russell philip, partner, Corrs Chambers Westgarth The UWA Faculty of Law is an accredited CPD
4:20pm – 5:50pm Panel discussion provider. Full attendance at this forum entitles
a practitioner to 3 CpD points for substantive
• Ian Cochrane, Partner, Cochrane Lishman Carson Luscombe law knowledge.
• Michael Anghie, Western Australian Leader, Ernst & Young
• Raymond Silva da Rosa, Winthrop Professor, UWA Business School Registration
• Barbara Gordon, Senior Consultant, McKenzie Moncrieff Lawyers please register via:
and Assistant Professor at UWA Faculty of Law www.law.uwa.edu.au/cpd/corpcontrol
+ the keynote speakers Contact
6:00pm – 8:00pm Drinks James Nicholls
+61 8 9460 1687
james.nicholls@corrs.com.au
Co-sponsored by Gresham and
Corrs Chambers Westgarth,
and supported by the Faculty
of Law of the University of
Western Australia.