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Content Type:
CDM Article
01 Feb 2013
Green fingers or a red light? Tony Featherstone examines what formal boards of directors can offer fast-growing entrepreneurial start-up ventures.
Catcha Group co-founder Patrick Grove has one of the better email signatures around. The chairman and deputy chairman of two ASX-listed compan...
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Content Type:
Director Q and A
31 Jan 2013
Directors are known by a variety of names but they all have the same duties and responsibilities regardless of their title. In this Q&A we run through the roles of several types of directors including alternate director, chairman, de facto director, executive director, independent director, lead...
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Content Type:
Director Q and A
31 Jan 2013
Under the provisions of the Corporations Act 2001 there are requirements on who can be a director. This Q&A explains who can be a director, how many directors are needed and situations when directors can be disqualified or removed.
What are the Basic Requirements?
Section 201B of the Cor...
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Content Type:
Director Q and A
31 Jan 2013
Most corporate governance codes focus their attention on listed companies. However the basic precepts of good governance are fundamental to all organisations – having a board charter, well defined roles and responsibilities for board members, appropriate financial knowledge, accountability and trans...
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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...
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Content Type:
Director Q and A
31 Jan 2013
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
31 Jan 2013
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
31 Jan 2013
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
31 Jan 2013
A non-executive director is a one who is not employed by the organisation in an executive capacity. All directors, whether executive or non-executive, must comply with basic legal requirements under the Corporations Act 2001. This Q&A describes the role of the non executive director and how they...
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Content Type:
Director Q and A
31 Jan 2013
For the aspiring director, finding a directorship involves creating opportunities. Most directors will start small, usually in the not-for-profit sector. As they gain boardroom experience and build networks, other opportunities will arise. This Q&A outlines some potential opportunities including...
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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...
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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...
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Content Type:
Director Q and A
31 Jan 2013
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
08 Nov 2012
Today we announced the appointment of James Strong AO FAICD as Chairman at our Annual General Meeting held on 7 November 2012.
Mr Strong, who has served on our board since being appointed as a National Director in 2011, succeeds Richard Lee, who retired at the AGM having completed his thr...
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Content Type:
Policy Submission
29 Oct 2012
In response to requests from members, we have prepared a submission to Treasury to express our significant concerns about the excess superannuation contributions tax regime.
This issue is pertinent for directors with multiple roles because mandatory superannuation contributions in respe...
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Content Type:
General
22 Oct 2012
This submission is in response to the Financial Services Council's (FSC’s) draft Proxy Voting Policy.
In the submission, we support the FSC’s efforts to increase the transparency of the investment industry and, in that process, to achieve higher standards of governance.
In...
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Content Type:
General
22 Oct 2012
This submission is in response to the Financial Services Council's (FSC’s) draft Superannuation Governance Policy.
In the submission, we support the FSC’s efforts to improve the corporate governance standards and transparency of superannuation funds. We also encourage the FSC to se...
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Content Type:
CDM Article
01 Aug 2012
Appointing the CEO is the board’s most critical task. Tony Featherstone provides some pointers on how boards can ensure the smooth changing of the guard to the right person at the right time.
There are powerful arguments for companies to excel in succession planning. The "home grown" CEO ...
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Content Type:
CDM Article
01 Aug 2012
Mark Molesworth reviews a recent court ruling that is expected to cause further administrative burdens for companies that want to pay superannuation contributions on behalf of directors who are not also employees.
A recent Federal Court case has highlighted the need for companies (includi...
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Content Type:
Guide
30 Jun 2012
Typical legal agreements for some board scenarios, including deeds of indemnity.
What should be covered in a deed of indemnity for a board member?
Deeds of indemnity: This guide includes information on typical content in a deed of indemnity, restrictions on indemnity and D&a...