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Content Type:
Media Release
03 May 2012
At a time when the international economy is focused on increasing business productivity, the Australian government has again prioritised conformance over performance by over-regulating the majority of directors to target the few engaged in fraudulent phoenix company activity.
In a submission to ...
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Content Type:
Book
03 May 2012
The role of a company director is becoming increasingly complex as new laws are introduced, class actions are on the rise and the activity of regulators increases.
To assist both new and experienced directors with these growing challenges, the Australian Institute of Company Directors has rele...
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Content Type:
Media Release
03 Feb 2012
The states and territories have failed to make any real progress in delivering crucial reforms to the liability burden carried by Australia’s 2.1 million directors.
The annual progress report by the COAG Reform Council has found that there has been “poor progress made” on critical reforms to the...
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Content Type:
Media Release
06 May 2011
Abstract:
Australia’s company directors have identified skilled labour shortages as the primary economic challenge facing Australian business in the coming 12 months and predict that wages, inflation and interest rates will rise, according to the findings of a new biannual survey of directors. ...
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Content Type:
Media Release
06 May 2011
Abstract:
The first phase of reform of Occupational Health and Safety laws introduced by the NSW Government is good news for the NSW economy and a significant step in implementing a better and more consistent OHS regime for the whole nation.
The reforms bring NSW into line with national refo...
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Content Type:
Media Release
11 Feb 2011
Abstract:
The process of reform of Australia’s onerous director liability legislation needs to be completely “re-booted” after the evident breakdown of the current approach.
The 2nd annual progress report published by the COAG Reform Council on 11 February 2011 regarding reforms to deliver...
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Content Type:
Media Release
06 Dec 2010
Most Australian states are continuing to fail badly when it comes to removing the excessive liability burden imposed on company directors, damaging business investment and job creation, according to the Boardroom Burden Report Card for 2010.
The report card (BBRC), developed by the Australian...
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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:
Media Release
19 Jan 2010
The package of insolvency law reforms announced by the Minister for Corporate Law, Chris Bowen, addresses some significant concerns of business and the director community, the Australian Institute of Company Directors said today.We welcome the measures, which included amendments to the Corporations ...
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Content Type:
Media Release
06 Nov 2009
The principles recommended by the Ministerial Council for Corporations (MINCO) in relation to director liability for corporate fault are a disappointment and fall well short of the principles originally agreed to by the Council of Australian Governments (COAG), the Australian Institute of Company Di...
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Content Type:
Media Release
29 Sep 2009
Introducing the AICD Boardroom Burden Report Card Most Australian states fail the test when it comes to the excessive liability burden imposed on company directors, with damaging impact on business investment and jobs, a new business report card shows.The AICD Boardroom Burden Report Card, developed...
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Content Type:
Media Release
20 Aug 2009
There will be continued academic and industry discussion concerning Australian Securities and Investments Commission v Macdonald No. 11 as to whether the judgement rests on the facts of the case, and therefore represents an application of existing law, or whether it represents new law in the area of...
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Content Type:
Media Release
13 Aug 2009
The report ‘Diversity on boards of directors’ – released today by the Corporations and Markets Advisory Committee (CAMAC) – offers considered and sensible analysis of the questions posed by former Minister for Superannuation and Corporate Law, Senator Nick Sherry, according to the organisation that ...
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Content Type:
Media Release
01 Jul 2009
The Australian Institute of Company Directors (AICD) has reminded directors of their responsibility to comply with company policies on share trading during ‘blackout’ periods, after new figures released showing a small number still contravening these policies. However AICD welcomed the downward tren...
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Content Type:
Media Release
01 Jun 2009
With Australian companies and other entities experiencing difficult and uncertain economic conditions, some of the most significant impacts may be in the area of financial reporting - in particular, directors’ assessment of their company’s ability to continue as a ‘going concern’.With this in mind, ...
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Content Type:
Media Release
19 May 2009
The Australian Institute of Company Directors (AICD) has welcomed the agreement by State and Commonwealth governments to go ahead with uniform national Occupational Health and Safety (OH&S) laws.AICD chief executive officer, John Colvin, said the agreement by the Workplace Relations Ministers’ C...
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Content Type:
Media Release
06 May 2009
The Australian Institute of Company Directors (AICD) has partnered with the Commonwealth Department of Education, Employment and Workplace Relations (DEEWR) to conduct the first Company Directors Course (CDC) for Indigenous business leaders.Richard Moore, AICD’s State Manager – Queensland, said the ...
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Content Type:
Media Release
17 Apr 2009
The Australian Institute of Company Directors (AICD) today welcomed the Federal Government’s planned audit of Commonwealth laws for provisions imposing personal liability on company directors.AICD believes that in announcing this audit, Senator Nick Sherry and the Ministerial Council for Corporation...
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Content Type:
Media Release
18 Dec 2008
The Australian Institute of Company Directors (AICD) today welcomed the Government’s progress in reviewing the imposition of personal liability on company directors and the release of the Treasury survey on this issue.In today’s announcement, Senator Nick Sherry, Minister for Superannuation and Corp...
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Content Type:
Media Release
21 Nov 2008
The Australian Institute of Company Directors (AICD) said the referral to the Corporations and Markets Advisory Committee (CAMAC), by Senator the Hon Nick Sherry, of practices including ‘rumourtrage’, director margin loans, director share trading, and company briefings was a positive action in light...