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Content Type:
Policy Submission
15 Nov 2010
On 15 November 2010, the Australian Institute of Company Directors wrote to the Department of Health and Ageing in response to a Discussion Paper “Medicare Locals - Discussion Paper on Governance and Functions”. The submission set out our views on various governance aspects of Medicare Locals. In p...
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Content Type:
CDM Article
01 Aug 2010
Our new e-learning course,
Conflicts of Interest,
will help you to understand and manage them.
Conflicts of interest
Conflicts of interest are best thought of as an ethical problem with legal ramifications rather than a strictly legal issue. ...
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Content Type:
Media Release
04 Dec 2009
The Australian Institute of Company Directors (AICD) today welcomed proposals from the Australian Securities Exchange (ASX) on share trading by company directors and key management personnel.While a less prescriptive “if not, why not” approach, with guidelines enshrined in the ASX Corporate Governan...
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Content Type:
CDM Article
01 Dec 2009
The Productivity Commission is due to submit its final report on executive remuneration to the Government later this month.
Paul Quinn
explains why he believes some of its recommendations need to be reworked.
Making exec pay PC
The reaction to the Productivity Commission’s (PC) disc...
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Content Type:
Media Release
30 Jul 2009
Implementing recommendations to ban director share trading within arbitrary blackout periods and force disclosure of director margin loans could have a detrimental impact on the important alignment between the interests of directors and investors, the Australian Institute of Company Directors (AICD)...
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Content Type:
CDM Article
01 Aug 2008
There’s no hiding behind the title of advisor.
Ben McLaughlin
and
Antonia Abelson warn that being on an advisory board may come with fiduciary obligations.
The dangers of advisory boards
We predict a growing trend in Australia for people to be invited to join an advisory...
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Content Type:
CDM Article
01 Feb 2008
AICD’s WA division president,
Fiona Harris
, discusses why there’s no room for diversity of values in the boardroom.
No compromise on values
When I started out on the road to being a director, I remember reading about the Old Boys Club from which most directors were dra...
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Content Type:
CDM Article
01 Jul 2007
Two new AICD learning programs,
The Executive Director
and The Executive Board , have been launched to help executive directors and executive boards tackle their unique challenges.
Australia’s forgotten director
As Australian public companies have moved towards boards consisting of non-e...
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Content Type:
Position Paper
04 May 2007
This position paper addresses issues associated with director resignations and removals. A director is appointed by the shareholders of the company and can only be removed by those shareholders. Circumstances can arise which lead a director to consider resigning from the board. The decision to do so...
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Content Type:
Position Paper
22 Jan 2007
This paper has been prepared to examine the major issues and responsibilities of directors during a phase of the market where there is substantial M&A activity and private equity investment. It contains views and background material prepared by AICD. Read the position paper and associated media ...
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Content Type:
Media Release
17 Jan 2007
Director ConflictsDirectors warned to exercise caution during boom times
Directors need to know their obligations during boom times
Directors of Australia’s listed companies need to exercise caution and to pay particular attention to their corporate governance procedu...
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Content Type:
CDM Article
01 Dec 2006
With the legal and business environment changing rapidly, directors need to continually update their knowledge concerning their legal duties and responsibilities. Here is a quick test to determine whether you need a refresher course on current director duties and responsibilities.
20 questions...
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Content Type:
CDM Article
01 Nov 2006
Charles Beelaerts examines some issues for directors who are faced with an offer by management to take over the company. In particular directors must be aware of potential conflicts of interest.
The in and outs of management buy-outs
A management buy-out (MBO) is an arrangement whereby t...
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Content Type:
CDM Article
01 Oct 2006
Directors need to be aware that their share buying and selling activities may arouse suspicions of insider trading. But as Domini Stuart found, directors of growing companies often find themselves with few ‘windows of opportunity’ to either buy or sell shares.
Buying your way into trouble
T...
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Content Type:
CDM Article
01 Oct 2006
As the responsibilities of company directors come under increased scrutiny, Middletons’ partner Adam Levine says ‘grey directors’ need to ensure all the checks and balances are in place if they are involved with the operations of a traditional special purpose vehicle.
Grey directors need to ser...
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Content Type:
CDM Article
01 Aug 2006
There is continuing debate over the wisdom of appointing executives to the board – Helen McCombie outlines some advantages and disadvantages of having members of a company’s management team as part of the board.
Be prepared if management comes on board
Most corporate regulation in recent ye...
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Content Type:
CDM Article
01 Jul 2006
Potential conflicts of interest are bound to occur in the professional lives of many directors. As Helen McCombie points out, there are both legal and ethical issues to consider when managing these situations.
Interesting legal and ethical conflicts for directors
“If everybody with a perceived...
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Content Type:
CDM Article
01 May 2006
Letters to the editor
Your March magazine noted the paper released by the Business Coalition for Tax Reform (BCTR) titled Personal Income Tax Reform. I reviewed both the paper and the BCTR’s web site and was disappointed at the narrowness of vision presented, particularly as the BCTR claims to so b...
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Content Type:
CDM Article
01 Feb 2005
Directors are increasingly faced with the opportunity and risks of participating within, or approving, MBOs. Jeremy A. Samuel and Nicholas Humphrey provide a general overview of management buyouts particularly from a director’s perspective Demystifying the risks and rewards
Directors are increasing...
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Content Type:
Position Paper
31 Jan 2002
This protocol, in general terms, outlines the principal legal duties (obligations) of company directors. AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS GENERAL PROTOCOL FOR COMPANY DIRECTORSThis protocol, in general terms, outlines the principal legal duties (obligations) of company directors.It does not...