-
Content Type:
CDM Article
01 Apr 2013
Listed companies have jumped many hurdles to improve their executive pay practices and avoid falling foul of the "two-strikes" law. Now, as Domini Stuart reports, a new wave of pay reforms are heading their way.
The second reporting season since the introduction of the "two-strikes" rule l...
-
Content Type:
CDM Article
01 Apr 2013
Not-for-profit (NFP) boards and their fundraising staff were not seeing eye to eye and needed to start communicating better with each other as funding tightened in uncertain economic times. That was the view of Andrew Thomas, Perpetual’s general manager for philanthropy, when addressing the Australi...
-
Content Type:
CDM Article
01 Apr 2013
Louise Pocock provides some tips on how a board can help management strike a balance between short-, medium- and long-term horizons.
An effective board will generally adopt strategies that manage and strike a balance between short-, medium- and long-term horizons. That is, it will pay att...
-
Content Type:
Policy Submission
14 Mar 2013
On 14 March 2013 the Australian Institute of Company Directors provided a submission to Treasury in response to their exposure draft, Corporations Legislation Amendment (Remuneration Disclosure and Other Measures) Bill 2012 (Exposure Draft). This Exposure Draft dealt with amongst other things, chang...
-
Content Type:
CDM Article
01 Mar 2013
When is it time for an underperforming CEO to go and how should the board handle the termination? Tony Featherstone investigates.
Only one board job is harder than hiring the right CEO: firing your most important executive. Persevering too long with the wrong CEO inevitably sees the board...
-
Content Type:
CDM Article
01 Feb 2013
New technologies are turning old business models upside down or even killing them off entirely. Bob Hayward discusses how boards can help management to stay ahead of the technologies transforming their industries.
In recent years, information technology (IT) has shifted from being an esse...
-
Content Type:
CDM Article
01 Feb 2013
Your board may have devised a great strategic plan, but how can you be sure it will be executed effectively? Cyril Peupion provides some tips on how to make good execution a habit.
According to recent studies, two-thirds of corporate strategy is never executed. Companies spend a lot of ti...
-
Content Type:
CDM Article
01 Feb 2013
Hamish Blair, Simon Dalgarno and Richard Norris provide directors with a checklist of questions and answers to help them check the adequacy of their company’s impairment testing and the resulting carrying value for assets.
If your CFO answers the questions below with either a "don’t know"...
-
Content Type:
Director Q and A
31 Jan 2013
The chair acts as an important link between the board and the CEO/company. The role of the chair is not defined in the Corporations Act 2001. Thus many functions of the chair are customary rather than formalised by law. This Q&A outlines the role and responsibilities of the chairman both inside ...
-
Content Type:
Director Q and A
31 Jan 2013
Since the global financial crisis, there is an increased expectation that the performance of boards and individual directors will be regularly appraised. This is reflected in Principle 2.5 of the ASX CGC Corporate Governance Principles and Recommendations. This Q&A runs through who and what will...
-
Content Type:
Director Q and A
31 Jan 2013
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...
-
Content Type:
Director Q and A
31 Jan 2013
Executive Directors are employees of the company as well as being a member of the Board. On top of their full time executive position, they are appointed by the Board. At law they have the same duties and responsibilities as other Directors. This Q&A runs through the role of Executive Directors ...
-
Content Type:
Director Q and A
31 Jan 2013
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...
-
Content Type:
Director Q and A
31 Jan 2013
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...
-
Content Type:
Director Q and A
31 Jan 2013
Succession planning enables an organisation to refresh its leaders in order to continue meeting the challenges of a constantly changing business environment. The aim is to have the right person able to fill the vacancy at the right time so that the board has the opportunity to manage its future need...
-
Content Type:
Director Q and A
31 Jan 2013
Directors can resign or be removed from office for various reasons. This Q&A describes the legal issues and required process for the removal, resignation or disqualification of company directors in public and proprietary companies. It also covers casual vacancies and special considerations for e...
-
Content Type:
Director Q and A
31 Jan 2013
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...
-
Content Type:
CDM Article
01 Oct 2012
Michelle McQuaid details the cost of bad managers to organisations and what directors can do about them.
As a member of several boards, I was shocked to recently learn the cost of "toxic bosses" on organisational productivity and profitability. It occurred to me that not once in all my bo...
-
Content Type:
The Boardroom Report
08 Aug 2012
Warnings against making NFP directors liabilities too onerous, Company Directors moves against ever rising regulation, Tips on how to assess management's effectiveness, Emerging miners' corporate governance struggles, Focuses of the ATO's 2012-13 compliance program
Warnings against making...
-
Content Type:
The Boardroom Report
02 May 2012
Unlocking hidden networks; Pressure rises for remuneration committees; More independent directors needed on super fund boards; Room for NFP boards to lift their game; Five ways to boost your team's IQ
Unlocking hidden networks
More than half the directors participating in a recent survey ci...