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Content Type:
Director Q and A
04 Jan 2011
An effective board is crucial to the success of an organisation and it must have the right mix of skills and knowledge to work effectively. This Q&A discusses ways to improve board effectiveness including board composition and diversity, relationships within the board, internal processes and per...
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Content Type:
Director Q and A
04 Jan 2011
A productive and harmonious relationship between the board and management is critical for good governance and organisational effectiveness but can be difficult to achieve in reality. The board and management are trying to achieve the same vision and objectives so a partnership based on trust and res...
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Content Type:
Director Q and A
04 Jan 2011
Joining any board is an important step regardless of the type of organisation or your level of experience. Yet many directors take this step without sufficient reflection on the possible risks in terms of personal financial liability and reputational damage, and without sufficient investigation of t...
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Content Type:
Director Q and A
04 Jan 2011
The board has the responsibility of assessing the performance of the CEO and has a vested interest in ensuring the CEO is effective. This Q&A explains the process of how to conduct an appraisal, how often they should be carried out and other considerations to take into account to ensure a good r...
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Content Type:
Director Q and A
04 Jan 2011
The board is responsible for ensuring that it has represented on it the skills, knowledge and experience needed to effectively steer the company forward. Directors will be appointed to the board because their specific skills, knowledge and experience will fill particular gaps on the board. It is imp...
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Content Type:
Director Q and A
04 Jan 2011
Advisory boards provide non-binding strategic advice to organisations. Unlike statutory boards required by the Corporations Act 2001, they are informal in nature and therefore have greater flexibility in how they are set up and managed. This Q&A describes the role of advisory boards, when a comp...
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Content Type:
Director Q and A
04 Jan 2011
The rights of company directors centre on enabling them effectively to perform their duties. Rights are set down in either a company’s constitution or in the Corporations Act 2001’s replaceable rules. This Q&A outlines these directors' rights, including the right to receive internal information,...
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Content Type:
Director Q and A
04 Jan 2011
Directors and boards occasionally may need to consider seeking independent professional advice in order effectively to deal with an issue and it is considered good practice to have policies and procedures in place to do so. This Q&A runs through the legal and corporate governance issues as well ...
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Content Type:
Director Q and A
04 Jan 2011
A board needs to have a broad mix of skills and experience to be effective. The key goal in selecting directors is to build a mix that can work as a well-rounded team in fulfilling its duties and responsibilities. A formal and transparent procedure for the selection, appointment and re-appointment o...
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Content Type:
Director Q and A
04 Jan 2011
The CEO is the more senior executive in the organisation. The Managing Director is also the most senior executive but sits on the Board of Directors as well. This Q&A outlines the main aspects of the MD's/CEO's role and the differences between them as well as executive service agreements and del...
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Content Type:
Director Q and A
04 Jan 2011
This outlines how many directors companies should have
The company's constitution governs the number of directors and may provide for a variation of that number.
Is There a Prescribed Maximum Number of Directors?
There is no prescribed maximum number of directors. The ASX CGC Corporate ...
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Content Type:
Media Release
01 Nov 2010
The burden of laws imposing personal liability on directors is stifling business decision- making, a survey released today by the Australian Institute of Company Directors reveals.
The key findings of the survey show that liability is having a serious detrimental impact on key aspects of corp...
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Content Type:
CDM Article
01 Aug 2010
George Norris
explains how emotional intelligence can help executives make the transition from the cut and thrust of running a successful, thriving business to becoming a valuable board member.
Towards an intelligent transition
Today’s emerging directors have an important role to pla...
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Content Type:
CDM Article
01 Jul 2010
Sam Butcher
explains why agreeing on and articulating the behaviours expected of directors can be a powerful tool to enhance board performance.
Using behaviours to drive board performance
High-performing boards proactively manage two critical dimensions of their work: the frameworks ...
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Content Type:
CDM Article
01 Jul 2010
Former BHP Billiton chairman Don Argus AC FAICD discussed director nominations at the Australian Council of Superannuation Investors’ annual conference in Melbourne in May. Here is an edited extract of what he had to say.
On choosing directors
Ov...
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Content Type:
CDM Article
01 Jun 2010
Tony Featherstone
argues that having “too many cooks” on a board can spoil the broth.
Bigger isn’t always better
Are Australian boards still too big? Many boards have gradually downsized by not replacing departing directors in the past five years. Top 50 listed companies typically ha...
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Content Type:
CDM Article
01 Jun 2010
John M Green
believes the regulators should lighten up on continuous disclosure.
Killer T-shirts
What’s my daughter’s black T-shirt got to do with public companies continuously disclosing material information to the Australian Securities Exchange (ASX)? Oddly, it has quite a bit to do wi...
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Content Type:
Policy Submission
27 May 2010
In a submission dated 27 May 2010 the Australian Institute of Company Directors provided its response to the Australian Securities Exchange’s Exposure Draft “Listing Rule Amendments- New Requirements for a Remuneration Committee and a Company Trading Policy”. The submission outlines broad support fo...
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Content Type:
Policy Submission
27 May 2010
In a submission dated 27 May 2010 the Australian Institute of Company Directors provided its response to the ASX Corporate Governance Council’s Exposure Draft “Proposed Amendments to the ASX Corporate Governance Council Corporate Governance Principles and Recommendations”. The submission outlines br...
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Content Type:
Media Release
20 May 2010
The report Guidance for Directors released by the Corporations and Markets Advisory Committee (CAMAC) recognises industry leadership and the need for an ongoing focus on good governance, AICD said today.
Responding to a request from the Minister for Corporate Law, the Hon Chris Bowen, CAMAC’s...